article thumbnail

United in Alabama to enter new market with bank acquisition

American Banker

The company will pay $29 million for Town-Country National Bank in Camden, Ala., which will operate as its own subsidiary after the deal closes. ]].

Alabama 66
article thumbnail

Small bank's asset sale is opportunity zone's gain

American Banker

To avoid taxes on the divestiture of a commercial lending unit, Woodforest National Bank backed an Alabama redevelopment project through a government program that promotes investment in underserved communities.

Alabama 62
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rebeca Romero Rainey: Create opportunities for new leaders

Independent Banker

Having that door opened to me unleashed a passion to do more to help community banks flourish. In my late 20s, I was honored to join the Board of the Independent Community Bankers of New Mexico, where I focused on ways I could help meet our state’s community banking needs. Where I’ll be this month.

article thumbnail

Who were ICBA’s Top Lenders of 2022?

Independent Banker

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. Iowa State Bank. American Bank, National Association.

article thumbnail

Dynamic Duo

Independent Banker

Sherrod Brown (D-Ohio), two lawmakers tapped to lead the Senate Banking Committee for their respective parties, are both independent-minded senators who hold positive views on several priority community banking issues. This year he is taking the chairman’s seat on the Senate Banking Committee. Richard Shelby (R-Ala.)