National Bank of Commerce Buys Majority Stake in Alabama Invoicing Firm

National Bank of Commerce in Birmingham, Ala., has purchased a majority interest in CBI Holding Co.

The Decatur, Ala., company owns Corporate Billing, which provides invoicing, collections and other services such as fraud screening, credit limit and background information. National Bank of Commerce did not disclose the price it paid.

The $783 million-asset National Bank of Commerce agreed in June to buy United Group Banking Company of Florida.

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