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May 1, 2023

Alabama Business Today

Business

PNC Bank reportedly tried to buy failed First Republic Bank in FDIC auction

JPMorgan will assume all of First Republic’s $92 billion in deposits, and is acquiring about $173 billion in loans and $30 billion in securities.

By William Thornton | wthornton@al.com

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Business

Brookwood Baptist Medical Center completes $30 million operating room addition

The hospital broke ground on the project in November 2021.

By William Thornton | wthornton@al.com

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News

American Airlines pilots union votes to go on strike

The Allied Pilots Association said more than 96% of its 15,000 members voted, and among those who did, 99% favored authorizing the call for a strike.

By The Associated Press

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Business

Capstone Building Co. finishes $29 million Georgia project

Mill Village of Columbus, Ga., is a 102-unit multi-family apartment community covering 137,196 square feet.

By William Thornton | wthornton@al.com

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From the Lede

Orion Amphitheater group’s downtown Huntsville venue project delayed again

tvg still plans to reboot A.M. Booth’s Lumberyard as Meridian Arts Club.

By Matt Wake | mwake@al.com

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Business

First Republic Bank seized, sold to JPMorgan Chase: Second largest bank failure in US history

The FDIC said First Republic Bank’s 84 branches in eight states will reopen as branches of JPMorgan Chase Bank. Depositors will have full access to deposits.

By The Associated Press

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