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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).
The Montgomery bank was formed from the Exchange National Bank of Montgomery, which—like the other banks owned by Colonial—was owned by Robert E. Lowder. [1] Colonial became an aggressive buyer of other Alabama banks in the 1980s; by 1985, with its merger with the Bank of Oxford , it operated in all major metropolitan areas of the state and ...
In 1946 the bank sought a charter to become a national bank. After receiving the charter, the name of the bank changed to Birmingham Trust National Bank, which was commonly known as BTNB. In 1972 BTNB combined with three other Alabama banks to become the Alabama Financial Group, Inc. which was a holding company for the four banks.
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[3]: 21–23 At the end of the war, the National Bank of Huntsville was founded, using assets hidden from Union troops inside the building. [3]: 27 In 1889 the bank changed its name to the First National Bank of Huntsville. [5] First National merged with the Exchange Security Bank of Birmingham to form the First Alabama Bank in 1971.
Exchange Bank or Exchange Bank Building may refer to: American Exchange National Bank, Broadway & Cedar Street, New York, built 1911, demolished 1964;
In 2008, RBC Bank bought Alabama National for $1.6 billion, adding 45 locations each in Alabama and Florida, and 13 in Georgia. [7] Alabama National had $7.9 billion in assets. [8] The deal became final February 26, 2008. [2] At the time, Alabama National operated these subsidiaries: Alabama. First American Bank (Birmingham & Huntsville)