Faced with uncertainty, many Alabama businesses are in a wait-and-see mode regarding their plans, according to executives at some of the state’s banks
Macke Mauldin, president at Sheffield-based Bank Independent, recently met with a business customer who’s currently building a new facility. The customer’s business had plans to outfit the building with a wide range of technological equipment, but after meeting with his technology supplier, he had to postpone those plans.
“The supplier said, ‘With the new tariffs, we don’t know if this equipment will cost $50,000 or if it will be $150,000 when it hits the port,’” Mauldin says. “So, our customer’s business decided to put the technology on hold.”
It’s just one example of how Alabama banks are seeing their customers pause investment plans or otherwise respond to uncertain economic conditions.
And the experience is widespread.
In an April 2025 earnings call, John M. Turner, president, CEO and chairman of Regions Bank, said, “The current conditions have created uncertainty, which has caused many of our clients to delay investments.”
