Company Overview of Regions Bank
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
Birmingham, AL 35203
Founded in 1928
Key Executives for Regions Bank
Chief Executive Officer for the Austin-San Antonio Area and President for the Austin-San Antonio Area
Chief Executive Officer of Regions Financial Corporation and President of Regions Financial Corporation
Chief Executive Officer of Southeast Region
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 Announces Executive Appointments
Apr 8 15
Regions Bank announced the appointment of two wealth management executives. Alan McKnight has joined Regions Wealth Management as Chief Investment Officer, and John Parker has been named head of Regions Institutional Services. Both will report to Bill Ritter, head of Regions Wealth Management. In his capacity as Chief Investment Officer for Regions Wealth Management, McKnight is responsible for developing consistent and comprehensive asset management strategies to meet the needs of individuals, families and institutional clients. McKnight joins Regions Wealth Management from SunTrust Bank where he was Managing Director and head of
Institutional Investments. In 1998, Parkerwas named Trust Group director, followed by Wealth Management Area Manager for Trust, Asset Management, Private Banking and Brokerage. He also served as Regional Executive for Private Wealth Management.
Regions Bank Receives Tenders for Aggregate Principal Amount of Approximately $324,537,000 of its Outstanding 7.50% Subordinated Notes Due 2018
Feb 27 15
Regions Financial Corp. announced that its wholly-owned subsidiary, Regions Bank had received tenders for an aggregate principal amount of approximately $324,537,000 of its outstanding 7.50% Subordinated Notes due 2018 (Notes) in the cash tender offer announced on February 12, 2015. The tender offer, in which the Bank is offering to purchase up to $250 million aggregate principal amount (Maximum Tender Amount) of the Notes, is being made pursuant to the Offer to Purchase and the related Letter of Transmittal sent to holders of the Notes, each dated February 12, 2015. Because the aggregate principal amount of Notes validly tendered and not validly withdrawn as of the Early Tender Date exceeded the Maximum Tender Amount, approximately 77.0% of Notes validly tendered as of the Early Tender Date will be accepted for payment in accordance with the proration procedures described in the Offer to Purchase. The Bank has elected to cause an early settlement of Notes accepted for purchase in the tender offer on February 27, 2015. The purchase of the Notes will be funded by cash on hand, including, in part, the proceeds of an intercompany subordinated note issued by the Bank to Regions. Because the Maximum Tender Amount has been achieved, the Bank will not accept any further tenders.
Regions Bank Commences Offer to Purchase Certain of its Outstanding Subordinated Debt Securities
Feb 12 15
Regions Financial Corp. announced that Regions Bank has commenced a cash tender offer to repurchase upto $250 million aggregate principal amount of the Bank's outstanding 7.50% Subordinated Notes due 2018. The purchase price for each $1,000 principal amount of Notes validly tendered and accepted for purchase pursuant to the tender offer will be determined by reference to the fixed spread specified below over the yield based on the bid side price of the Reference U.S. Treasury Security specified below as calculated by the Lead Dealer Manager at 2:00 p.m., New York City time, on February 26, 2015.
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