What Are The Top Banks In Alabama
Sharing a border with the states of Florida and Mississippi, Alabama has a population of 4.7 million as of 2009 and is considered to be a part of the biggest industrial corridor of the country. Previously considered to be an agricultural state, Alabama has now transitioned into varied fields such as manufacturing, technology and extraction. Today, it is a home to many businesses such as health care, steel production, car manufacturing and banking.
Because of the flourishing manufacturing industry, many top banks are also headquartered in the state. This article will provide you some information regarding the financial products and services offered by the top banks in Alabama.
AmSouth Bank
AmSouth Bank was founded in Birmingham, Alabama in 1972 and is one of the biggest and most prosperous banks in the southeast. Following its merger in 2006 by Regions Financial Corporation, the bank now ranks as the country's eighth largest bank with over 2000 branches all over the country. Prior to its merger, the bank transitioned into a conglomerate through acquisitions and takeovers with more than 50 banks operating under its umbrella. It offers traditional banking products such as personal, commercial and small business banking along with loans and investing services to clients.
BB&T
Based in Winston, Salem, BB&T is considered to be one of the best banks in the state with $155 billion in assets. Following an acquisition of the Colonial Bank in 2009, the second biggest bank in the state, BB&T is now among the largest banks of the state and has around 1800 branches in the country in Texas, Georgia and Kentucky among other states. The bank offers many financial products and services including commercial and small business banking services as well as investment and insurance services.
Regions Financial Corporation
Regions Financial Corporation was established in 1971 after the merger between three oldest banks of the state. Today, the bank is publicly held, based in Birmingham, Alabama and is among the top ten banks of the country. Regions Financial Corporation and its merged bank AmSouth run about 2600 ATMs in 16 different states with the Regions brand name. The bank provides an assortment of banking products and services including retail banking, commercial banking, insurance services, mortgage and securities brokerage to name a few.
BBVA Compass
BBVA Compass is based in Alabama and is the third biggest bank of the state. It operates 716 branches in Alabama, Arizona, Texas and other states and is among the 20 biggest commercial banks of the country according to its deposit market share. Its services include: online banking, personal accounts, investment advisory services and wealth management to name a few. Apart from the above mentioned banks, many other large banks such as the First Southern Bank, Premier Bank and MidSouth Bank also operate in the state.
Because of the flourishing manufacturing industry, many top banks are also headquartered in the state. This article will provide you some information regarding the financial products and services offered by the top banks in Alabama.
AmSouth Bank
AmSouth Bank was founded in Birmingham, Alabama in 1972 and is one of the biggest and most prosperous banks in the southeast. Following its merger in 2006 by Regions Financial Corporation, the bank now ranks as the country's eighth largest bank with over 2000 branches all over the country. Prior to its merger, the bank transitioned into a conglomerate through acquisitions and takeovers with more than 50 banks operating under its umbrella. It offers traditional banking products such as personal, commercial and small business banking along with loans and investing services to clients.
BB&T
Based in Winston, Salem, BB&T is considered to be one of the best banks in the state with $155 billion in assets. Following an acquisition of the Colonial Bank in 2009, the second biggest bank in the state, BB&T is now among the largest banks of the state and has around 1800 branches in the country in Texas, Georgia and Kentucky among other states. The bank offers many financial products and services including commercial and small business banking services as well as investment and insurance services.
Regions Financial Corporation
Regions Financial Corporation was established in 1971 after the merger between three oldest banks of the state. Today, the bank is publicly held, based in Birmingham, Alabama and is among the top ten banks of the country. Regions Financial Corporation and its merged bank AmSouth run about 2600 ATMs in 16 different states with the Regions brand name. The bank provides an assortment of banking products and services including retail banking, commercial banking, insurance services, mortgage and securities brokerage to name a few.
BBVA Compass
BBVA Compass is based in Alabama and is the third biggest bank of the state. It operates 716 branches in Alabama, Arizona, Texas and other states and is among the 20 biggest commercial banks of the country according to its deposit market share. Its services include: online banking, personal accounts, investment advisory services and wealth management to name a few. Apart from the above mentioned banks, many other large banks such as the First Southern Bank, Premier Bank and MidSouth Bank also operate in the state.