On October 31, 2019 First Bancshares of Stevenson, Inc. of Stevenson, AL (“FBS”) and Vantage Bancshares, Inc. of Albertville, AL announced the closing of their merger which combines two well-respected banking franchises and creates a $525 million institution. The company… Read More >
Municipal Market Update – October 2019
During October, the Fed set the target Fed Funds rate to 1.5% to 1.75%, marking the third quarter-point rate cut this year. Despite pressure, the Fed has signaled that they would not be decreasing the target rate further during 2019,… Read More >
River Bank-Trinity Bank Merger Complete
On October 31, 2019 River Financial Corporation of Prattville, AL and Trinity Bancorp, Inc. of Dothan, AL announced the closing of their merger which combines two well-respected banking franchises and creates a $1.30 billion institution operating in three of Alabama’s… Read More >
Birmingham Area Economic Report, Q2 2019
This report explores a few key statistics that paint a picture of the Birmingham area economy. Our Birmingham Area Economic Report places the Birmingham area economy in a state, regional and national context. Click here to download the full report… Read More >
What’s It Worth, Summer 2019
U.S. private equity deal activity remains robust and continued fundraising and private equity dry powder (funds raised but not yet invested) will drive competition and push deal prices upwards. Private equity firms continue to search aggressively for smaller deals in… Read More >
Municipal Market Update – September 2019
The yield curve remains inverted to 10 years, as longer-term rates out to 30 years are hovering around all-time lows. The FOMC approved another quarter point rate cut this month over a split vote and will meet again in October…. Read More >
Municipal Market Update – July 2019
During July, the FOMC voted to cut the current target fed funds rate by .25% to 2.0-2.25% for the first time since the Great Recession. Fed chairman Jerome Powell firmly expressed a level of optimism surrounding the current economic outlook… Read More >
Alabama Banking Almanac – 2Q19
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Alabama banks and thrifts with data as of and for the twelve months ended June 30, 2019. Click here for Banking Almanac in PDF. This… Read More >
CB&S Bank-PrimeSouth Bank Complete Merger
On July 31, 2019 CBS-Banc Corp. of Russellville, AL and PrimeSouth Bancshares, Inc. of Pike Road, AL announced the closing of their merger which combines two well-respected banking franchises and creates a $1.9 billion institution operating in three of Alabama’s… Read More >
PW&Co Advises First Southern State Bank in Acquisition
First Bancshares of Stevenson, Inc. of Stevenson, AL (“FBS”) and Vantage Bancshares, Inc. of Albertville, AL (“Vantage”) announced yesterday the signing of a definitive agreement under which FBS and Vantage will enter into a strategic merger to combine two well-respected… Read More >
Municipal Market Update – June 2019
During June, the FOMC voted to maintain the current target fed funds rate of 2.25-2.5% despite vocal opposition from the outside. Threats of an inverted yield curve still loom although economic conditions are still holding up better than expected. Inflationary… Read More >
What’s It Worth, Spring 2019
U.S. private equity deal activity and total transaction value dipped slightly in Q1 2019, but prices on completed deals remain elevated. Continued record-breaking fundraising efforts and private equity dry powder (funds raised but not yet invested) will likely continue to… Read More >
Birmingham Area Economic Report, Q4 2018
This report explores a few key statistics that paint a picture of the Birmingham area economy. Our Birmingham Area Economic Report places the Birmingham area economy in a state, regional and national context. Click here to download the full report… Read More >
PW&Co Advises Trinity Bank in Merger
River Financial Corporation of Prattville, AL and Trinity Bancorp, Inc. of Dothan, AL announced today the signing of a definitive agreement under which River and Trinity will enter into a strategic merger to combine two well-respected banking franchises and create… Read More >
Municipal Market Update – May 2019
During May, US-China trade tensions increased, and the fixed income markets reacted negatively. Intermediate to long term treasury rates fell by almost a half of one percent, and the yield curve is inverted out to three years and gently sloping… Read More >
Alabama Banking Almanac – 1Q19
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Alabama banks and thrifts with data as of and for the twelve months ended March 31, 2019. Click here for Banking Almanac in PDF. This… Read More >
Municipal Market Update – April 2019
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – both floating and swap-to-fixed as well as the credit spreads of key local and state entities with data as… Read More >
PWC Advises PrimeSouth Bank in Merger
CBS-Banc Corp. of Russellville, AL and PrimeSouth Bancshares, Inc. of Pike Road, AL announced today the signing of a definitive agreement under which CBS and PrimeSouth will enter into a strategic merger to combine two well-respected banking franchises and create… Read More >