2 Birmingham Banks Are Top PPP Lenders In Alabama

Birmingham AL

07 December, 2020

11:17 AM

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BIRMINGHAM, AL — PPP loans have saved numerous Alabama businesses amid the coronavirus pandemic, and no banks have executed more of these loans in the state than Birmingham-based Regions Bank and ServisFirst Bank, according to a Birmingham Business Journal report. According t the BBJ report, 69,333 PPP loans were distributed in the state, totaling $6,201,899,028. Of those, Regions loaned out $722,004,433.70 among 6,821 loans. ServisFirst Bank, followed with the second-highest number of loans at 3,254, totaling the second-highest amount at $698,520,276.20. The banks giving the most PPP loans in Alabama: Regions Bank: 6,820 ServisFirst: 3,254 Kabbage Inc.: 2,653Synovus Bank: 2,365 BBVA USA: 2,331 RiverBank & Trust: 2,284Trustmark National Bank: 2,271BancorpSouth Bank: 1,749Renasant Bank: 1,705 Bank Independent: 1,700Read the full list of top PPP lenders in Alabama in the Birmingham Business Journal.