Peoples Bank of North Alabama history

In 1902, the bank moved to a new location, on 20th Street in Birmingham.

In 1963, BTNB expanded the scope of its activities further, when it merged with another financial institution, the Bank for Savings and Trusts.

Three years later, in 1971, the company again became a pioneer in the banking industry, when it installed the first automated central information system used in an American bank.

In 1974, the Alabama Financial Group purchased the Southern Bank of Lauderdale County, the Sand Mountain Bank of Boaz, the Citizens Bank and Trust Company of Selma, and the Southern Bank of Montgomery, N.A.

Peoples Bank of Alabama was founded on October 24, 1977 and has been serving the financial needs of their customers for over 44 years.

In September 1983, SouthTrust purchased another Alabama bank holding company, the Citibanc Group, Inc., which had six affiliated banks and assets totaling $140 million.

SouthTrust's rearrangement of its assets continued in 1985, when the SouthTrust Bank of Tuskegee merged into the SouthTrust Bank of Auburn.

By 1987, SouthTrust had grown as much as it could grow within the borders of Alabama.

In April 1988, SouthTrust reorganized its Florida holdings, the assets of which had grown to $500 million, by forming a new bank holding company, SouthTrust of Florida, Inc.

By early 1990, SouthTrust's steady growth had made it the largest bank based in Alabama, with assets of $7.5 billion.