First Bank of Alabama has completed its acquisition of First Fidelity Bank, expanding its footprint across East Central Alabama. The deal, finalized on Monday, increases First Bank of Alabama’s total assets to approximately $1.3 billion and brings its network of full-service locations to 18, according to a statement released by Olsen Palmer, which advised First Bank on the transaction.
The acquisition adds First Fidelity Bank’s three locations to First Bank’s existing network. First Bank of Alabama, established in 1848, is the oldest continuously operating bank in the state. The bank offers a range of services including checking, savings, lending, and financial education programs.
First Bank of Alabama provides financial education courses focused on general finance, savings strategies, and lending practices. These courses are designed to help customers improve their financial literacy and build informed decisions, according to the bank’s website.
The Alabama State Banking Department maintains oversight of state-chartered banks like First Bank of Alabama, providing resources for consumers and licensees. The department publishes notices regarding banking holidays and weather-related closures. A list of 2026 Alabama State Banking Holidays is currently available on the department’s website.
The Alabama Housing Finance Authority (AHFA) offers programs aimed at assisting Alabama residents with homeownership, including the First Step Mortgage Revenue Bonds program, which provides below-market interest rates to first-time and repeat homebuyers. AHFA as well offers down payment assistance through programs like Step Up and grants for closing costs through the HFA Advantage product.
