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Tag Archives: Regions Bank

Regions must pay $7.5 million in fines over illegal overdraft fees

The U.S. Consumer Financial Protection Bureau has hit Regions Bank, tops in market share among Mississippi banks, with a $7.5 million fine for “illegal actions” on over-draft fees. The CFPB has already forced the Alabama-based multi-state bank to refund customers $49 million in wrongfully collected overdraft charges. The enforcement action announced this week charges the $122-billion Regions assessed overdraft fees ...

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MARK BLACKWELL: Key legislative issues for business owners

With the mid-term elections behind us and Congress returning to Washington soon, business owners and operators are wondering what the new year may have in store for them.  Here are four key national issues that could affect how you run your business in the years ahead: Immigration Reform There’s ongoing debate nationwide over the need to overhaul U.S. immigration rules, ...

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Stacy Thompson chosen by Regions

Regions Bank has appointed Stacy Thompson as assistant vice president and manager of the bank’s Cowan Road Branch in Gulfport. A native of Petal, Thompson has more than 15 years of banking industry experience. She most recently served as a branch manager for BancorpSouth in Hattiesburg. Thompson earned her business marketing degree from California Coast University. She also served for ...

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BLACKWELL: Passing on financial wisdom to your children

The time of year when children head back to school provides an excellent opportunity to evaluate what they are learning — and what we are teaching them. As parents and grandparents, we teach them to read and write, to wash the car and mow the lawn, to bait a hook and build a fire. We intentionally pass on to future ...

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'Branch rationalization' guiding Hancock, Regions branching strategies

Fresh off of closing more than two dozen branches and selling a handful of others in its five-state market, Hancock Bank is back in the branching business with the opening of  a full service location in West Hattiesburg. The 5,300-square-foot Oak Grove branch at 12 Newtowne Loop is among several branches and financial centers the $20 billion Gulfport-based Hancock has ...

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HOPE Federal busy filling gaps left by bank branch closings

Mississippi banks have left Bill Bynum and the HOPE Federal Credit Union he runs plenty of opportunity to grow Hope’s branching business. But he’d rather they wouldn’t. Bank branch closings at the start of the financial services sector collapse in 2008 through the past few years of recovery greatly increased the challenge of reversing the spread of  “bank deserts” across ...

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Bankers’ INTEREST means NO INTEREST for Habitat for Humanity

IN 28 YEARS, Habitat for Humanity Mississippi Capital Area has built 590 homes and rehabilitated and/or weatherized more than 155 homes, making it the largest single-family housing developer in Jackson and one of the top Habitat affiliates in the nation. The goal is to help low to moderate income families attain home ownership which in turn helps create jobs and ...

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Regions Bank names Russ Guess community banking vice president

Regions Bank has named Russ Guess community banking vice president for the Mississippi Gulf Coast region. Prior to joining the bank, Guess served as a commercial lending vice president for BancorpSouth. A native of Madison, Guess earned his bachelor’s degree from Mississippi State University and his MBA from Millsaps College. He is a veteran of the United States Marine Corps, ...

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Walt Stephens to replace the retiring Bobby Barr at Regions Bank

Regions Bank has named Walt Stephens city president for Greenville. He will take over for Bobby Barr, who served in the position for seven years and will retire at the end of this year. A native of Benoit, Stephens joined Regions in early 2010 and most recently served as a vice president, community banking agricultural relationship manager. Prior to joining ...

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