News & Events Archive – June 2010
Arkansas Democrat | Sunday, June 27, 2010
LITTLE ROCK — In 1998, Regions Financial Corp. acquired First Commercial Corp. for $2.7 billion – more than four times First Commercial’s book value.
It was the highest price-to book value ever paid for an Arkansas bank and at the time one of the highest values paid for […]Read More
Arkansas Business | Monday, June 14, 2010
The next big challenge in retail banking will be the forthcoming changes to consumer overdraft protection. Amendments to Regulation E imposed by the Board of Governors of the Federal Reserve System in late 2009 are set to go into effect for new banking customers on July 1 and […]Read More
Birmingham Business Journal | Friday, June 11, 2010
Former Alabama National Bancorp. executives John H. Holcomb III and Robert Aland are leading an investment group planning to pump a large amount of capital into Red Mountain Bank, according to sources familiar with the deal.
The 6-year-old Red Mountain, hit hard by […]Read More
Arkansas Democrat | Thursday, June 10, 2010
LITTLE ROCK — Small banks in Arkansas are concerned that two bills in Congress that address problems that led to the near-collapse of the nation’s financial system in 2008 and 2009 would put them at a disadvantage.
Versions of the Restoring American Financial Stability Act have passed the […]Read More