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Birmingham, Alabama’s largest city, is routinely regarded as one of the finest places to work, with competitive salaries and a low cost of living, resulting in high demand for real estate. It was formed in 1871 and grew by 4,000 percent in its first four decades, thanks to a manufacturing and mining-based economy. Birmingham has …
Because interest rates were so low in 2021, banks were actually able to operate with a modest spread. The Federal Reserve’s projected rate hikes, on the other hand, could soon change that. On September 30, 2021, total interest revenue reported to the Federal Deposit Insurance Corporation (FDIC) by depository institutions in the Birmingham region was …
Investors have a lot of cash on hand and are looking for good buys all around the country. Many of these deals are taking place right here in Birmingham, where local business leaders, according to experts, are doing the right things at the right time. In recent months, Birmingham has received new cash from corporate …
The Big Deals In Birmingham Indicating Investment Approval Read More »
Over the last 20 years, the number of persons employed in Birmingham’s banking industry has decreased significantly, according to the most recent data available. According to Federal Deposit Insurance Corp. data, 28,542 people worked in depository institutions in the Birmingham Metropolitan Statistical Area as of Sept. 30, 2021. In 2001, the figure was 48,294 people. …
Local Banking Jobs Are Being Slashed As A Result Of Industry-Wide Dynamics Read More »
Local officials talk about infrastructure and where they think the money from the recently passed bill should go. Supply chains are being strengthened. The digital divide must be bridged. Taking action to address the climate crisis. Roads, rails, and bridges are being rebuilt. These are just a few of the problems that the Infrastructure Investment …
In The Market For A Piece Of The $1.2 Billion Pie Read More »
Banks were overburdened disbursing Paycheck Protection Program loans in 2020, and they are again this year as the loan forgiveness process continues. They weren’t, however, swamped by loan growth in other industries, and while that may alter by 2022, Birmingham’s financial specialists don’t expect a significant increase. Outside of PPP, other business-saving loans, and mortgages, …
Experts In The Banking Industry Discuss What To Expect In 2022 Read More »
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