Tag Archive for: State of Alabama

Alabama-based business expands footprint in Tennessee with eight new team members

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 […]

SBA Deputy Administrator highlights Alabama surge in small business creation

Small business creation is on the rise in Alabama. Nearly 220,000 new businesses have been created across the state in the last three years. “The combined 2020-2021 monthly averages of new business applications are up 51.12% compared to pre-2021 numbers in Alabama,” Megyn Rodriguez, Public Information Officer for Alabama’s Small Business Administration (SBA) District Office, […]

Southern States boosts assets to $2.3B will acquisition of CBB Bancorp

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 […]

Ivey’s GenAI task force explained: Officials weigh in on local, state business implications

Last week, Governor Ivey’s office announced the formation of a task force aimed at proposing policies for the responsible and efficient utilization of Generative Artificial Intelligence (GenAI) within state executive-branch agencies. The task force was created by Executive Order 738.  The statement explained that the task force “will consist of seven cabinet members, two representatives […]

Huntsville Legislative Update unveils priorities, economic initiatives for 2024

On Monday, the Huntsville/Madison County Chamber of Commerce hosted a luncheon at the Jackson Center for North Alabama Legislators. The gathering gave the Huntsville business community the opportunity to hear from key elected officials before the February 6th opening of the legislative session. Legislators who spoke at the sold-out event included Alabama State Senator Arthur […]

Construction Partners completes acquisition of Huntsville-based contractor company

Construction Partners, Inc. (CPI) has officially acquired SJ&L General Contractor, LLC, a hot-mix asphalt and sitework company headquartered in Huntsville, Alabama. Fred J. (Jule) Smith, III, CPI’s President and Chief Executive Officer, said the acquisition was a natural step for CPI’s expansion. “A key component of our growth strategy is to actively expand service capabilities […]

Governor Ivey confirms rebate checks on the way to 1.9M Alabama tax filers

Alabama Governor Kay Ivey announced that one-time tax rebates authorized in her 2023 budget are now on their way to 1.9 million Alabama tax filers. Since December 1, which was the start date authorized by law, officials have worked around-the-clock to process the one-time tax rebates. Governor Ivey tasked the Alabama Department of Revenue with […]

Sentar named #1 Best Company to Work for in Alabama

HUNTSVILLE, AL – Sentar Inc. (Sentar), a women-owned small business specializing in advanced cyber intelligence solutions and technology, has announced that the company has been awarded first place in the 2023 Best Companies to Work for Alabama in the Large Company category. In partnership with Best Companies Group (BCG) and Business Alabama, this survey-and-awards program […]

New Yellowhammer beer made with Alabama barley shows potential economic benefit to state farmers

Thanks to the partnership from HudsonAlpha, Auburn University, Alabama A&M and Yellowhammer Brewery, Huntsville residents can now try a beer that is more “Alabama” than any other beer on tap.    Last week at a special event, Yellowhammer Brewing released its newest beer — Avalon Zwickelbier — the first beer to be brewed in the state of […]

Bridgeworth Wealth Management to join forces with Savant Wealth Management

Cover image: Brian Hinson, CFP®, CPA/PFS, ChFC® of Bridgeworth Wealth Management   Nationally recognized Bridgeworth Wealth Management announced plans to join Savant Wealth Management, a fee‐only registered investment advisor (RIA) with nearly $21 billion in assets under management (AUM). Bridgeworth, which has 58 employees and an AUM of approximately $2.2 billion, will mark Savant’s first partnership […]