Tracked deals
15
15 tracked deals across 2021-2026.
Financial Services Buyers & Acquisitions in Alabama
Buyer mix
Strategic-led
15 strategic
Top trend
Volume peaked in 2026
4 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Advisory and wealth platforms are active in Alabama, including Simplicity Group acquisitions and Wealth Enhancement’s first Alabama location.
- Bank M&A emphasizes branch/footprint expansion, such as FirstBanc of Alabama adding First Fidelity Bank locations and SouthPoint Bancshares extending its franchise along the I‑65 corridor.
- Platform and team adds show up repeatedly: Stonegate Investment Group’s affiliation expands into the NewEdge Advisors platform, and Simplicity brings additional leaders and partner teams into its structure.
- Divestitures drive multiple deals, including Protective Life’s Concourse-related units transferring to Cetera Wealth Partners and Simplicity.
- Non-bank financial services are present too, with InDebted acquiring AmSher Collection Services to deepen telecommunications and cable-focused collections capabilities.
Build a buyer list for your Financial Services deal
Find buyers actively acquiring financial services companies.
Find buyers like these for your dealBuyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| United Bancorporation of Alabama, Inc. | 3 | Regional financial holding company and parent of United B... | Strategic |
| Simplicity Group | 2 | Holistic financial planning and wealth management platfor... | Strategic |
| Cetera Financial Group | 1 | Network of independent broker-dealers and registered inve... | Strategic |
| FB Financial Corporation | 1 | Regional bank holding company operating FirstBank across ... | Strategic |
| FirstBanc of Alabama, Inc. (First Bank of Alabama) | 1 | Community bank operator headquartered in Alabama that exp... | Strategic |
| Hub International Limited | 1 | Global full-service insurance broker offering risk manage... | Strategic |
| InDebted | 1 | Global fintech offering AI-led collections software and o... | Strategic |
| Investar Holding Corporation | 1 | Bank holding company and owner of Investar Bank, providin... | Strategic |
| NewEdge Advisors | 1 | Registered investment advisor platform offering affiliati... | Strategic |
| NewEdge Capital Group | 1 | Wealth management firm operating RIAs (NewEdge Wealth and... | Strategic |
Acquisition Volume in Financial Services in Alabama by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
August 4, 2026
- Buyer
- Simplicity Group
- Target
- Mobile Bay Financial Solutions, LLC
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Buyout
Simplicity Group acquired Mobile Bay Financial Solutions, an independent financial advisory firm in Mobile, Alabama. Mobile Bay will rebrand as Simplicity Wealth Advisors: Mobile Bay and its co-founders, John McNeil and Virginia O'Brien, will become partners in Simplicity.
-
- Buyer
- Wealth Enhancement
- Target
- Cloud Investments, LLC (investment advisory business)
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Addon
Wealth Enhancement has agreed to acquire the investment advisory business of Cloud Investments, an independent registered investment adviser managing more than $462 million in client assets. The deal is expected to close on July 31, 2026 and will mark Wealth Enhancement’s first location in Alabama while expanding its retirement planning and investment advisory presence in northern Alabama.
-
March 13, 2026
- Buyer
- NewEdge Capital Group, NewEdge Advisors
- Target
- Stonegate Investment Group
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Addon
Stonegate Investment Group, an advisory firm overseeing about $6 billion in client assets, has affiliated with NewEdge Advisors’ registered investment advisor platform under the Pillar Channel program. The affiliation adds a 13-person advisory team to NewEdge Advisors and pushes the Pillar Channel program beyond $14 billion in client assets.
-
February 12, 2026
- Buyer
- Simplicity Group
- Target
- LeSourd Partners
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Buyout
Simplicity Group, a holistic financial planning firm headquartered in Summit, New Jersey, has acquired LeSourd Partners, a Birmingham, Alabama-based brokerage general agency. The deal expands Simplicity’s national footprint and strengthens its life insurance and advisor support capabilities while bringing Jake LeSourd, Diane Covin, and Kim Roberts into Simplicity as partners.
-
December 10, 2025
- Buyer
- FirstBanc of Alabama, Inc. (First Bank of Alabama)
- Target
- FBDC Financial Corporation, First Fidelity Bank
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Buyout
FirstBanc of Alabama, Inc. (parent of First Bank of Alabama) completed its acquisition of FBDC Financial Corporation, the parent company of First Fidelity Bank. The deal, first announced as a definitive merger agreement on December 10, 2025, paid $20.5 million in aggregate consideration (60% stock, 40% cash) and adds First Fidelity Bank locations in Fort Payne, Ider, and Rainsville to First Bank of Alabama’s footprint.
-
July 11, 2025
- Buyer
- InDebted
- Target
- AmSher Collection Services
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Buyout
Australian fintech InDebted has acquired Hoover, Alabama-based collections agency AmSher Collection Services to accelerate its North American expansion and deepen capabilities in the telecommunications and cable verticals. AmSher’s team, including President Seth DeForest, will be integrated into InDebted to enhance its AI-led, consumer-centric collections offering with a phased integration and no immediate changes for clients.
-
June 30, 2025
- Buyer
- FB Financial Corporation
- Target
- Southern States Bancshares, Inc.
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Buyout
FB Financial Corporation (NYSE: FBK) completed its merger with Southern States Bancshares, Inc. (Nasdaq: SSBK), the parent company of Southern States Bank. Southern States shareholders received 0.800 shares of FB Financial common stock for each share of Southern States stock, and Southern States’ shares ceased trading after June 30, 2025.
-
February 26, 2025
- Buyer
- Cetera Financial Group
- Target
- Concourse Financial Group Securities, Inc.
- Seller
- Protective Life Corporation
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Divestiture
Cetera Financial Group completed an asset acquisition of Concourse Financial Group Securities, Inc. (CFGS), a subsidiary of Protective Life Corporation. Approximately 350 financial professionals and more than $12 billion in assets under administration ($4 billion AUM) transitioned to Cetera Wealth Partners as part of Protective's divestiture to focus on its core insurance business.
-
November 18, 2024
- Buyer
- United Bancorporation of Alabama, Inc.
- Target
- United Bancorporation of Alabama, Inc. 401(k) Employee Stock Ownership Plan (KSOP)
- Seller
- United Bancorporation of Alabama, Inc. 401(k) Employee Stock Ownership Plan (KSOP), KSOP Trustee
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Recapitalization
United Bancorporation of Alabama, Inc. repurchased all 197,717 shares of its common stock held by its 401(k) Employee Stock Ownership Plan (KSOP) at $54.25 per share, for an aggregate purchase price of approximately $10.7 million. The transaction was negotiated between United and the KSOP Trustee, included fiduciary/financial guidance and an independent appraisal, and closed on November 15, 2024.
-
- Buyer
- Simplicity Group Holdings, Inc.
- Target
- Concourse Financial Group Agency
- Seller
- Protective Life Corporation
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Divestiture
Simplicity Group Holdings, Inc. has acquired Concourse Financial Group Agency (CFGA), a brokerage general agency formerly First Protective, from Protective Life Corporation. CFGA will be merged into Simplicity and remain led by key managers and sales professionals while gaining access to Simplicity's sales, marketing and employee-ownership programs; financial terms were not disclosed.
-
- Buyer
- United Bancorporation of Alabama, Inc.
- Target
- Town-Country United Bank
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Divestiture
United Bancorporation of Alabama, Inc. announced that its banking subsidiaries Town-Country United Bank and United Bank will merge effective October 1, 2024, with United Bank as the surviving entity. After completion, United Bank will have approximately $1.3 billion in assets and operate 19 full-service branches plus four loan production and support offices across Alabama and the panhandle of Florida.
-
January 6, 2022
- Buyer
- SouthPoint Bancshares, Inc.
- Target
- Merchants Financial Services, Inc., Merchants Bank of Alabama
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Buyout
SouthPoint Bancshares, Inc. completed a strategic merger with Merchants Financial Services, Inc., with SouthPoint as the surviving entity. Merchants Bank of Alabama was merged into SouthPoint Bank as a division, creating a combined organization with over $1.0 billion in assets, approximately $0.9 billion in deposits and 10 branches, extending SouthPoint’s franchise along the I‑65 corridor into Cullman, Hanceville and Arab, Alabama.
-
- Buyer
- United Bancorporation of Alabama, Inc.
- Target
- Town-Country National Bank
- Seller
- Shareholders of Town-Country National Bank
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Buyout
United Bancorporation of Alabama, Inc. (United Bank) signed a definitive agreement to acquire Town-Country National Bank, a Camden, Alabama community bank with approximately $126.2 million in assets, for aggregate cash consideration of $28.5 million. Town-Country will rebrand as Town-Country United Bank and operate as a separate banking subsidiary; TCNB shareholders will receive cash consideration (with a portion paid as a special dividend) and the deal is expected to close in early Q3 2021 subject to shareholder and regulatory approvals.
-
- Buyer
- Investar Holding Corporation
- Target
- Cheaha Financial Group, Inc., Cheaha Bank
- Seller
- Shareholders of Cheaha Financial Group, Inc.
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Buyout
Investar Holding Corporation entered into a definitive agreement to acquire Cheaha Financial Group, Inc. and its wholly-owned subsidiary Cheaha Bank for $80.00 per share, valuing the transaction at approximately $41.1 million. The deal, which expands Investar's footprint into eastern Alabama (Oxford) and bolsters its deposit base, is expected to close in early Q2 2021 subject to regulatory and shareholder approvals.
-
January 19, 2021
- Buyer
- Hub International Limited
- Target
- Shields Insurance Agency
- Seller
- Shields Insurance Agency
- Industry
- Financial Services
- Location
- Alabama, United States
- Type
- Divestiture
Hub International Limited acquired the assets of Shields Insurance Agency, an independently owned insurance agency with locations in Birmingham and Mobile, Alabama. Bry Shields, CEO of Shields Insurance Agency, will join Hub Gulf South as part of the transaction; terms were not disclosed.
Build a buyer list for your Financial Services deal
Find buyers actively acquiring financial services companies.
Frequently Asked Questions
Which types of financial services deals appear in Alabama?
The page covers bank mergers and acquisitions, acquisitions and affiliations of wealth and investment advisory firms, brokerage general agency transactions, divestitures involving advisory and brokerage units, and a fintech collections acquisition.
Are there recurring acquirers featured in multiple Alabama transactions?
Yes. Buyers that recur across the listed years include Simplicity Group/Simplicity Group Holdings, Wealth Enhancement, NewEdge Capital Group/NewEdge Advisors, and Cetera Financial Group.
What does a typical acquisition goal look like in these Alabama deals?
Goals commonly include expanding regional footprint (for banks), adding advisory teams or platforms (for wealth and advisory firms), and strengthening capabilities (including collections vertical focus in the InDebted transaction).
Do the transactions stay limited to Alabama-based companies?
No. Some buyers are headquartered outside Alabama (for example, Simplicity Group is headquartered in Summit, New Jersey), while targets and deal impacts are described within Alabama (including cities such as Mobile and Birmingham).
Related Acquisition Pages
Financial Services Buyers & Acquisitions
Financial Services Buyers & Acquisitions in Canada
Private Equity-Backed Financial Services Buyers
Financial Services Acquisitions in 2026
Financial Services Acquisitions in 2025
Financial Services Acquisitions in 2024
Financial Services Acquisitions in 2022
Financial Services Acquisitions in 2021
Acquisitions in Alabama
Private Equity-Backed Acquisitions in Alabama
Acquisitions in Alabama in 2026
Acquisitions in Alabama in 2025