Alabama's Bay Bank bought by The First in $6.6M merger deal

Alabama, US-based banking firm Bay Bank has been bought by Hattiesburg-based firm The First Bancshares Inc in a merger deal worth $6.6 million in combined cash and stock.

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Utah's Christopherson Business Travel adds Alabama's All Seasons Travel

Utah-based travel management firm Christopherson Business Travel bought Alabama-based travel agency All Seasons Travel for an undisclosed sum to form one of the biggest travel firms in the US.

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Jefferson County, Wall Street creditors agree on revised terms to end bankruptcy

Officials of Jefferson County in Alabama said it had arrived at a new agreement with its Wall Street creditors that would pave the way for its exit from its USD 4.2 billion bankruptcy.

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Jefferson County plans USD 1.7 billion sale of sewer warrants

The state of Jefferson County, Alabama planned to sell sewer system securities worth USD 1.7 billion to pay off its debts to its creditors. Jefferson County is still under bankruptcy protection.

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