An Alabama contractor has been hired to build the private portion of the Banks riverfront development project. Brasfield & Gorrie LLC is expected to start building a 300-unit apartment building and 80,000 square feet of retail space in December. The Birmingham contractor was selected after a competitive process, according to a press release from Carter and the Dawson Co., the master development team for the Banks.

Regulators seized tiny United Security Bank of Sparta, Ga., Friday, making it the state's 21^st failure of the year, as Georgia’s banking crisis shows no sign of abating.

Fidelity Bancorp Inc., Pittsburgh, Friday reported a net loss of $1.99 million, or 66 cents per diluted share, for its fiscal year ended Sept. 30.

Fisher Scientific Co. LLC has purchased the warehouse it already occupies in the Montbello industrial park for $5.05 million. (TMO)

National Retail Properties Inc. reported a 23 percent decline in net income for the third quarter of 2009. (NNN)