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Tag Archives: Regions Financial Corp.

Regions creates General Bank, Corporate Bank

BIRMINGHAM, 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 ...

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Kimberla M. Little

Kimberla Little is assistant vice president for human resources with Regions Financial Corporation. She has direct oversight for over 500 Regions employees in the bank’s south Mississippi geographical area. A Jackson native, Little’s corporate responsibilities include all aspects of the human resources function, with a direct emphasis on recruiting, employee relations, performance management, employee development and compensation. Before joining Regions, ...

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Looking for a bright future for people of Mississippi

From Will Loftin’s perspective as senior vice president and consumer banking executive for Regions Bank, the future looks bright for Mississippi. Loftin is responsible for consumer banking operations in the central and southern parts of Mississippi, representing 80 branches and more than 600 employees. Statewide, Regions has more than 146 branches and over 1,600 employees. In a recent meeting at ...

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Regions's Garraway on being a good leader

Leadership is certainly important all the time, but it is particularly important during turbulent times. I remember a speaker once saying, “If you are not in challenging times now, then brace yourself, they are on the way.” The point is not to have “stinking thinking,” but to recognize the reality that there are challenging times in life and business. I ...

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Regions' earnings beat estimates as net interest margin widens

Regions Financial (RF) reported fourth-quarter earnings that beat analysts’ estimates as its net interest margin, a gauge of lending profitability, widened, Bloomberg reports. Net income was $265 million, or 18 cents a share, compared with a loss of $548 million, or 48 cents, a year earlier, when the lender posted a non-cash charge tied to the sale of the Morgan ...

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Regions contracts with PrimeVest for wealth management services

Birmingham, Ala.-based Regions Bank has contracted PrimeVest Financial Services to provide investment and financial advisory services to customers in the 16 states in which it does business, the bank said Thursday. The agreement with PrimeVest will help the Regions, Mississippi’s market leader in retail banking, fill the service gap that was left after it sold its brokerage unit, Morgan Keegan, ...

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Regions puts $3.5 billion TARP debt behind it

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 under the U.S. Treasury’s Asset ...

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Regions notes prospect of $300M in new legal losses

Birmingham-based Regions Financial Corp. says it could incur legal losses of up to $300 million on top of the $210 million it paid to settle fraud claims against investment brokerage subsidiary Morgan Keegan by Mississippi and other Southeastern states. In its second quarter 10-Q filing with the U.S. Securities & Exchange Commission earlier this month, the publicly held banking company ...

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Regions’ loan repair efforts contribute to losses for Q3

BIRMINGHAM, Ala. — Earnings blues continued for Regions Financial Corp. as the parent of Regions Bank reported another quarter of losses last week. The $133 billion regional banking company attributed the losses of 17 cents a diluted share largely to disposal of $1 billion in troubled assets and efforts to keep risks off the balance sheet. The bank had net ...

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