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The bank's first acquisition out of state was the failing First National Bank of Crosby, Texas in February 1987. Central Bancshares became the first bank in Alabama to own a bank in another state and the first out-of-state bank to own a bank in Texas. [1] D. Paul Jones took over the CEO position from Brock in 1991. [6]
Regions Geographic Footprint. Regions Financial Corporation, formerly known as First Alabama Bankshares, was founded on July 13, 1971 with the merger of three Alabama banks: First National Bank of Montgomery, Alabama (opened 1871), Exchange Security Bank of Birmingham, Alabama (opened 1928), and First National Bank of Huntsville, Alabama (opened 1856).
Early 20th century ad for Peoples Savings Bank. PeoplesBank is a branch bank incorporated on March 19, 1885 as Peoples Savings Bank.Its first president was William Skinner of William Skinner and Sons Silk, who would serve as the bank's president from its founding until 1901, a year before his passing.
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I'm a Financial Advisor: My Wealthiest Clients All Do These 3 Things 3 Things You Must Do When Your Savings Reach $50,000 Meet Your Money Goals: The Best Banks of 2025
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Alabama National took over First American in 1997, [2] when First American had $223 million in assets and Alabama National had $929 million, ranking sixth in Alabama. Also in 1997, Alabama National entered Florida by opening Citizens & Peoples Bank in Escambia County. In 1998, Alabama National added two more Florida banks and entered Georgia.