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Tag Archives: preferred stock

Regions increases dividend, authorizes repurchase program

BIRMINGHAM, Ala. — The Regions Financial Corporation (NYSE:RF) board of directors has declared a quarterly cash dividend of $0.05 per common share and authorized an equity repurchase program for up to $350 million of the company’s common stock. Both actions were previously announced on March 26 following the Federal Reserve’s indication to Regions that it did not object to the ...

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Bank raises $20M through private stock placement

HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par value. The First raised $20 million in new capital through a private placement of 1,951,220 shares of its Series D nonvoting convertible preferred stock at a price of $10.25 per ...

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