Just days after closing its sale of investment brokerage Morgan Keegan & Co. to Raymond James, Regions Financial Corp. has paid its $3.5 billion Troubled Asset Relief Program, or TARP, debt. Regions, Mississippi’s market leader in retail banking, said in a press statement Wednesday that it repurchased $3.5 billion of Series A Preferred Stock issued [...]
Tag Archives: Troubled Asset Relief Program
Regions selling $900 million in stock to help repay TARP
March 13, 2012
Regions Financial Corp. is setting the stage for repaying $3.5 billion in Troubled Asset Relief Program, or TARP, money it owes the U.S. Treasury. The Birmingham-based bank, which holds the leading market share for banks in Mississippi, Tuesday announced a $900 million common stock offering to raise money to buy back the $3.5 million Series [...]
April 4, 2012
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