Alabama

The company has agreed to buy Trinity Bancorp for $27 million in cash and stock.

The revised statute provides clarity on director travel, supervisory committees, conservatorship and more.

The Alabama-based CU will continue to look for a permanent replacement for longtime CEO, who is retiring in June.

H. Greg McClellan, who has been president and CEO of the Montgomery, Ala.-based institution since 2005, will retire next month.

IAM Community Federal Credit Union in Enterprise, Ala., voted last year to rebrand as a way to attract more members under its community charter.

The proposed merger will create a bank with more than $1 billion in assets.

Getting consumers to switch to electronic statements is difficult but there are a few strategies credit unions can try to encourage them to go digital.

The Alabama company recorded a $91 million loan-loss provision and raised deposit rates during the first quarter.

The company plans to use the new capital to pursue growth opportunities.

Credit unions in those two states also posted double-digit growth in total loans and recorded lower delinquency rates.

The Montgomery, Ala.-based institution has paid out more than $4.8 million to members over the last eight years.

New CEO John Turner hasn't fully laid out his vision for the future, but it clearly will involve hiring specialized lenders, balancing labor-saving AI with old-fashioned relationship building, and more streamlining.

The Alabama bank has named former power company executive Charles McCrary chairman instead of giving the job to new CEO John Turner.

John Corbett has known the leaders of National Commerce since he helped launch CenterState in 1999. It’s a big reason CenterState is breaking from tradition to hire those executives once it buys the Alabama bank.

The Florida company will have more than $16 billion in assets, along with increased scale in Georgia, when it buys National Commerce.

Loan growth in both states exceeded the national average through the first half of the year, along with improvements in delinquencies and average assets.

The Mississippi company will have 22 branches and more than $1 billion in assets when the deal is completed.

The Mississippi bank will pay up to $100 million to expand in southwest Alabama and Dallas.

When Listerhill Credit Union was developing its latest location, management decided on using smart ATMs and a more open floor plan.

Bank Independent in Alabama is the latest small bank to start using Alexa, though implementation costs and security concerns continue to hold others back.