Alabama

Organizers of CommerceOne Bank are one step closer to a planned opening this summer.

Grayson Hall has served as CEO since 2010. He will leave the post in July but remain executive chairman through the end of the year.

The Florida company is also set to enter Alabama as part of the $360 million purchase.

Organizers of CommerceOne Bank in Birmingham must raise at least $30 million before opening.

The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets.

Alabama-based Naheola Credit Union is the latest CU to face a suit citing alleged violations of the Americans With Disabilities Act.

The credit union trades are standing behind The Infirmary Federal Credit Union in its motion to dismiss.

The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.

The League of Southeastern Credit Unions is working with legislators in both states to find ways to protect consumers from predatory lenders.

The Alabama company, as part of an efficiency effort, is streamlining its organizational structure and creating a division focused on community engagement.