In May 2022, United Community Bank, Inc. (United) announced the acquisition of Progress Financial Corporation (Progress) in an all-stock transaction with an aggregate value of approximately $271.5 million. As of last week, United announced that the merger was completed. In this transaction, Progress’s bank subsidiary, Progress Bank and Trust, was merged into United’s bank subsidiary, […]
A total of 36 students from across the state graduated from the Alabama Banking School on August 26. Held at The Renaissance Hotel in Montgomery, this year’s session was the 47th since the school first began in 1976. First Community Bank of Central Alabama’s Chairman Tra Cosby served as this year’s commencement speaker. Alabama Banking School […]
HUNTSVILLE, AL – At its July meeting, the board of directors of Progress Financial Corporation, the parent company of Progress Bank, approved a special cash dividend of $0.16 per share. The dividend will be payable on July 27, 2022, for shareholders of record as of July 8, 2022. “We are proud of everything Progress Bank […]
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 […]
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 […]
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 […]
Progress Bank opened its 12th location in Tuscaloosa, Alabama recently, with Brad Hayes elected as the Tuscaloosa Market President. “Brad will be an integral addition to our senior management team with his impressive background in banking. A native to Tuscaloosa, he provides valuable insight to the wants and needs of our clients in the area,” […]
In 2008, David Nast and four partners organized the opening of Progress Bank. It was at the time, the only bank headquartered in Huntsville, and they opened offices on Williams Street in downtown Huntsville and in Decatur. In the past 13 years, Progress Bank has expanded to offices in Madison County, Florence, Birmingham, Daphne and […]
Progress Bank is celebrating its 12th anniversary of serving clients across North and Central Alabama and Destin/Inlet Beach, Fla. The Huntsville-based bank opened in February 2008 with offices in Huntsville and Decatur. Progress Bank has more than $1.2 billion in total assets and Progress Financial Services has approximately $940 million in assets under management. Progress […]
Advertise
Submit Your News
Distribution
EVENT Publishing
Huntsville Business Journal
600 Boulevard South #104
Huntsville, AL 35802
(256) 533-8078
Publisher:
todd@huntsvillebusinessjournal.com
Send Us Your News:
editor@huntsvillebusinessjournal.com
