Alabama

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.

CU trade group credits the senator with a history of supporting community-based financial institutions.

Regulators cited "unsafe and unsound" practices at the credit union, which has assets of more than $76 million and turned a small profit in each of the last two years.

AloStar was formed in 2011 by an investor group that bought the failed Nexity Bank in Birmingham, Ala.

The Tennessee bank has agreed to pay nearly $85 million for Capstone Bancshares in Alabama.

The man who took 11 Alabama Credit Union employees hostage during an attempted robbery in January has reportedly told police he needed the money to pay for court costs in in a separate criminal case.

League representing Florida and Alabama credit unions will pay out more than $200,000 in dues rebates, bringing the grand total returned to members in recent years to more than $1.4 million.

Hispanic outreach program now includes 70 CUs, several state leagues.

Eight hostages were released and are all believed to be unharmed.

Regions Financial President and CEO Grayson Hall and the CEO of a Miami bank have been elected to the board of the Federal Reserve Bank of Atlanta.

First Commonwealth Financial in Indiana, Pa., has hired a former Regions Financial executive to lead several of its consumer lending groups.