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.

Citizens Financial, Regions and SunTrust reported strong gains in consumer banking, including loans made through partnerships with retailers and fintech lenders. They want to keep it up to compensate for slack in commercial lending.

Regions also saw significant increases in its point-of-sale consumer lending, even though overall loans were slightly down from 2016.

Despite impending data requirements, many small banks are still struggling with automating loan risk calculations.

Lawmakers should preserve the credit meant to spur economic development as part of sweeping tax reform being debated in Congress this week.

A group has filed an application for form a bank in Birmingham, a city with a large pool of bankers and a steadily growing economy.

The proposed CommerceOne Bank in Birmingham, Ala., would be run by former executives at First Partners Bank, which was sold earlier this year.

Alabama-based CU had operated under conservatorship since June.

Eight leagues/associations now are part of class action response to massive hack, with two leagues – representing CUs in Nebraska, Arizona, Colorado and Wyoming – joining on Halloween.

The company, which agreed to buy Southwest Bancshares in Mobile, also plans to sell $45 million in stock to help fund the deal.

The merger will create a bank with 13 branches and roughly $950 million in assets.