Home » NEWS » Banking & Finance » Regions creates General Bank, Corporate Bank

Regions creates General Bank, Corporate Bank

REGIONS BANK LogoBIRMINGHAM, Ala. — Regions Financial Corp. (NYSE:RF) has realigned its business units and geographical leadership, creating a General Bank, which consists of the businesses that serve retail, wealth management, and small business customers, and a Corporate Bank, which consists of the businesses that serve middle-market and larger commercial clients.

John Owen, head of business lines, has been named head of the General Bank, and South Region president John Turner has been named head of the Corporate Bank. Separately, John Asbury, who previously led the Business Services Group, has resigned due to family considerations that require relocation.

Bill Horton, the North Central Alabama Area president, will succeed Turner as president of the South Region, which encompasses Alabama, Mississippi, South Louisiana and the Florida Panhandle, and he will join the company’s Operating Committee and report to Owen. Leroy Abrahams, currently head of strategic and corporate planning, has been named North Central Alabama Area president, succeeding Horton.

“This realignment creates a more streamlined structure at the top of the company and is a more effective model for executing our strategy, managing our performance and serving our customers,” said Regions chairman, president and CEO Grayson Hall. “We appreciate John Asbury’s leadership and six years of service to our company, and we understand and respect his decision.”

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply

Your email address will not be published. Required fields are marked *

*