After 14 successful years of banking within and around the Huntsville community, Progress Financial Corporation announced this morning that the company was officially acquired by United Community Bank. This merger agreement, where United will acquire Progress, was executed in an all-stock transaction with an aggregate value of approximately $271.5 million, or $23.52 per share of […]
ServisFirst Bank, a subsidiary of ServisFirst Bancshares, has announced the promotion of DeLynn Gower to Senior Vice President, Private Banking Officer for ServisFirst Bank Huntsville. Prior to the announcement, Gower has worked with ServisFirst Bank for around sixteen years, where she served as the Client Service Representative, Assistant Branch Manager, and a few key positions […]
ServisFirst Bank, a subsidiary of ServisFirst Bancshares, announced the addition of Zack Penney as a Board Member of ServisFirst Bank Huntsville. Zack graduated from Auburn in 2004 with a degree in Entrepreneurial and Family business. He continued to focus on his business path by attending and graduating from the National Auto Dealers Academy in McClean, […]
Over the past few months, Bank Independent has shared in many of the major growth trends seen in North Alabama business, including the establishment of an endowment program at the University of North Alabama (UNA). Continuing with this pattern, Bank Independent recently announced the promotion of DeMarco McClain as the City President of Huntsville. McClain […]
Though born in Tennessee, Brandon Carrin calls Huntsville “home.’’ He moved with his family to the southeastern part of the city when he was 4 years old. He eventually graduated from Grissom High School before moving on to the University of Alabama’s Culverhouse College of Business, where he earned a bachelor’s degree in finance. He […]
Bank Independent, which is headquartered in Sheffield with offices in 18 North Alabama communities, announced it is holding its “Feed a Family for $5’’ Food Share drive to benefit local food banks. The campaign will be held from March 7-25. Donations of non-perishable items and/or cash can be dropped off at any Bank Independent location, […]
Thanks to a $500,000 donation from Hometown Lenders, the Huntsville Hospital Foundation recently announced that it will fund a full renovation of the Pediatric unit at Huntsville Hospital for Women & Children. Not only is this one of the largest outright one-time corporate contributions in the Foundation’s history, but it will also be the first […]
Huntsville’s Merit Bank announced the addition of David Kimrey to their team as the Executive Vice President for commercial and private banking. Kimrey brings more than 40 years of local banking experience to his new position. “We are proud to welcome David Kimrey to Merit Bank,” said Will Heaps, President and CEO of Merit Bank. […]
At its most recent Board of Directors meeting, Progress Financial Corporation declared a special one-time cash dividend for their shareholders at $0.25 per share. Progress Financial is the parent company of Progress Bank which has 13 total locations in Alabama and Florida with their headquarters residing in Huntsville. Since opening in 2008, Progress Bank has […]
The Federal Reserve Bank of Atlanta announced the reappointment of David Nast to a three-year term on the organization’s Birmingham Branch board, which will be Nast’s second consecutive appointment. As a founding member of Huntsville-based Progress Bank, David Nast has served as President and CEO of the bank since 2008. Between 1982 until 2006, he […]
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