Oakworth Capital Bank to merge with Montgomery based AlaTrust Inc.

June 3, 2015, by John Norris

Oakworth Capital Inc., the parent company of Birmingham's Oakworth Capital Bank, has signed an agreement to acquire Montgomery's AlaTrust Inc. AlaTrust, an independent, state-chartered trust company that provides a range of wealth management services, will become part of Oakworth Capital Bank and operate under its existing management team. Financial terms of the deal were not disclosed. The deal is expected to close in the third quarter. The deal must be approved by AlaTrust shareholders and...

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Assets up, profits flat for Bham banks in 2014

March 18, 2015, by John Norris

Most Birmingham banks reported an uptick in assets last year, but profits remained flat, according to the latest data from the FDIC. With lending picking up at many institutions, total assets for Birmingham banks rose by $12.4 billion in 2014 – a gain driven primarily by Birmingham's biggest banks. Regions Bank, Birmingham's largest bank, finished the year totaling $118.6 billion in assets, up from $116.6 billion in 2013. BBVA Compass increased its assets from $71.7...

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