Charlotte, NC – Banking giant Wachovia will buy Birmingham-based competitor SouthTrust in a 14-point-three billion dollar deal. SouthTrust has 717 financial centers in nine states. The combination will create the largest bank in the southeastern United States. Officials say that will give Wachovia new leverage in the large Texas banking market...as well as in a number of other high-growth states. Wachovia is based in North Carolina. It's the nation's fourth largest bank with assets of 411 billion dollars.
Tuscaloosa, AL – As the University of Alabama slips into its summer routine, noticeable changes are happening right off of campus. The area known simply as The Strip is losing some of its old flavor while at the same time gaining some big improvements. Can this area where students and others from the Tuscaloosa community come to eat, drink and be merry hold on to its unique identity? Alabama Public Radio's Kerri Gentine reports.