January 26, 2015 5:42 AM ET

Banks

Company Overview of Regions Bank

Company Overview

Regions Bank provides commercial banking services. The company offers traditional banking products and services, as well as financial products and services in the areas of trust, asset management, mortgage banking, securities brokerage, and insurance. It also provides capital markets and investment banking products and services, permanent loan placements, public finance, corporate finance, and merger and acquisition products and services to commercial banking customers, as well as risk management products, such as interest rate derivatives. In addition, the company offers banking, lending, and advisory services to businesses. It offers its services through its branches in Alabama, Arkansas, ...

1900 Fifth Avenue North

Suite 2500

Birmingham, AL 35203

United States

Founded in 1928

Phone:

800-734-4667

Key Executives for Regions Bank

Chief Executive Officer for the Austin-San Antonio Area and President for the Austin-San Antonio Area
Age: 47
Chief Executive Officer of Regions Financial Corporation and President of Regions Financial Corporation
Age: 56
Chief Executive Officer of Southeast Region
Age: 67
Head of Morgan Keegan Banking Operations and President of North Carolina Franchise
President of New Orleans Area
Compensation as of Fiscal Year 2014.

Regions Bank Key Developments

Regions Bank Launches Savings Secured Line of Credit and Affordable Mortgage Product

Regions Bank has launched the new Savings Secured Line of Credit and Regions Affordable Mortgage product. Regions recently launched the Savings Secured Line of Credit product, a new Borrowing Smarter lending solution. Features of the Savings Secured Line of Credit product include: a secured line of credit that uses a Regions savings account as collateral; line of credit amounts range from $250 - $10,000; a minimum credit score or established credit history is not required; prime based, variable interest rate line of credit payable on demand with no stated maturity date; and funds may be accessed using access checks, online banking, 1-800-REGIONS or by visiting a branch. Benefits to the consumer of the Savings Secured Line of Credit product include: may be a credit option for consumers who have limited credit histories; provides a line of credit financing option for consumers at interest rates lower than many unsecured lines of credit; and allows funds to be used to pay unexpected expenses, to payoff higher interest rate loans and to allow parents to assist adult children with access to credit by using the parent's assets to fund the collateral savings account.

Regions Bank Lays Off 11 Staff in Alabama

Regions Bank laid off 11 people in its consumer lending division in Birmingham due to a decline in mortgage refinancing.

Regions Bank Introduces New First Time Home Buyers Program

Regions Bank has introduced new first time home buyers program. The program offers a fixed rate mortgage with no closing costs to the borrower, or excepting pre-paid items, and closing costs are paid by Regions and not rolled into the loan amount. The Regions First Time Home Buyers Program is designed to help borrowers overcome some of the obstacles that can make buying a first home difficult. In addition to the attractive terms of the program, the First Time Home Buyers Program also features a required home buyer counseling program - similar to many HUD or other government-guaranteed loans - provided to help borrowers understand budgeting and other necessities once they become homeowners. The First Time Home Buyers Program also features: up to 95% LTV (loan-to-value) for purchase of primary residences on homes; down payment options that allow for assistance from family members; and options for borrowers with no traditional credit history.

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