The Federal Reserve has opted to keep the Federal funds rate within the current range of 5.25 to 5.5%. Inflation has stubbornly remained above the 2% annual rate that the Federal Reserve set as its target level. Interest rates were at 3.3% for the month of May, remaining virtually unchanged from April, when it stood […]
Bank Independent, a growing financial institution in North Alabama, celebrated the ribbon cutting of its new south Huntsville sales office on Tuesday, June 11. The event, which included an open house, was attended by Bank Independent executives, team members, and community leaders from Huntsville and Madison County. In an opening address to an excited late […]
Bank Independent and the Helping Hands Foundation has announced the launch of the 10th Annual Food Share Drive. The drive aims to combat food insecurity and provide support to local organizations across the seven counties served by the bank. The Food Share Drive will run from April 29 to May 17 during which time community […]
Southern States Bank, a subsidiary of Southern States Bancshares (NDAQ: SSBK), announced the addition of their new Huntsville Market President, Senior Vice-President Chris Allen. In this role, he will be responsible for leading the bank while growing and originating new deposit and commercial loan relationships in the Madison County market. With over a decade of […]
Thursday, April 4, Bank Independent held a ribbon cutting for the grand opening of its West Madison branch. Bank executives spoke to the large crowd gathered for the ceremony. Macke Mauldin, Bank Independent’s President and CEO, recalled the groundbreaking nearly two years ago. He spoke about the bank’s long history of serving its employees, customers, […]
ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announced its expansion in the Tennessee region by adding a new office in Memphis. On top of this announcement, the bank has announced that eight veteran bankers have joined the bank in the Memphis community. ServisFirst Bank Memphis welcomes Joel E. Smith as Market President; Scott Forman as […]
HUNTSVILLE, AL – ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announced the addition of Tammy McCurry as First Vice President, Mortgage Production Manager for the ServisFirst Bank Huntsville region. “We are thrilled to welcome Tammy to the team. Her dedication and wealth of experience in guiding homeowners through the mortgage lending process makes her an ideal […]
Southern States Bancshares, Inc. (NASDAQ: SSBK) and CBB Bancorp have officially announced their merger agreement. Under this agreement, Southern States will acquire CBB Bancorp, integrating it into its operations. Following the completion of the merger, Southern States will emerge as the surviving entity, absorbing CBB Bancorp and its subsidiary, Century Bank of Georgia, into its […]
The Beach Company has officially completed Merit Bank’s newest location at The Range, a commercial office building situated at Huntsville’s western gateway on Governors Drive. Serving as the anchor tenant since its announcement in early 2023, Merit Bank, a full-service bank headquartered in Huntsville, offers a comprehensive suite of commercial, consumer, and private banking services, […]
Bank Independent announced yesterday that Mallory Murphy has returned as Mortgage Originator for the Shoals area. In this role, Murphy will leverage her mortgage industry knowledge and passion for service to build relationships and create an exceptional home financing experience. “We’re thrilled to welcome Mallory back to the Bank Independent team,” said Amy Henry, Senior […]
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