Top News Links: Wednesday, August 2
Regions Financial Corp is in the middle of cutting 150 branches from its 15-state footprint. So why is the bank adding 17 new branches within a year? It's pretty simple, according to Shawn Bradley, Regions' Executive Vice President of Consumer Insights and Reporting. People are using bank branches less often, but Bradley says they remain an essential part of banking services and will continue to be. – AL.com
Caddell Construction Co. has been selected as the general contractor for the University of Alabama’s newest freshman residence hall. The new four-story, $38 million dormitory will feature 496 beds and each room will accommodate 2 students with its own bathroom and kitchenette. Project completion has been set for late 2018. – News release
Torch Technologies in Huntsville has announced the award of a $10 million D3I Domain 2 - Wargames, Simulation & Scenario Development Task Order. Torch’s award provides study, war game, experimentation, and analysis support to the Space and Missile Defense Command’s Future Warfare Center over the next two-and-a-half years. – News release
The Robert Trent Jones Golf Trail is marking its 25th year of golf greatness in 2017, having generated an estimated $8.8 billion economic impact for the state. Dr. Mark Fagan of Jacksonville State University recently joined Gary Christian on the Golf Channel to review the storied Golf Trail. – News release
AT&T is hosting an open house hiring event in Huntsville Thursday for both full- and part-time retail positions. The company says the jobs are part of its continued investment in Alabama operations. The open house will take place at 4929 University Drive, Suite G.
Byars|Wright, an independent insurance agency with offices in the greater Birmingham area, recently acquired Junkins Yarbrough Corp. The JYC acquisition will be its largest acquisition to date, adding 20 percent growth in revenue to the Byars|Wright portfolio and more than 1,000 new customers. Byars|Wright adds five seasoned professionals from the well-established insurance agency. – News release
Cantwell Family Psychiatry opened this week in Fairhope. The new office will accept such insurance policies as Aetna, Blue Cross Blue Shield, Cigna, Medicare, United Healthcare, United Behavioral Health/OPTUM, as well as self-pay patients. Dr. John Cantwell has over 30 years of experience, the last nine of which have been on the Eastern Shore of Alabama. – News release