Alabama's other banking deal

While the AmSouth Bancorp-Regions Financial merger receives all the media's attention, another smaller Birmingham-based bank pulled the trigger on a deal. Alabama National Bancorp has agreed to buy PB Financial Services Corp., the parent of Duluth, Ga.-based Peachtree Bank, for $128.2 million in stock. ANB said it would issue 1.9 million shares to buy Peachtree, which has $517 million in assets compared with the $6.1 billion of Alabama National. Following the deal's closing, Alabama National will have 93 locations in Alabama, Georgia and Florida making it a prime takeover candidate for anyone who will want to take on the enlarged Regions. —Peter Moreira

See story from the Atlanta Business Journal

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