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October 10, 2015 3:49 AM ET


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



Key Executives for Regions Bank

Chief Executive Officer for the Austin-San Antonio Area and President for the Austin-San Antonio Area
Age: 48
Chief Executive Officer of Regions Financial Corporation and President of Regions Financial Corporation
Age: 58
Chief Executive Officer of Southeast Region
Age: 68
Head of Morgan Keegan Banking Operations and President of North Carolina Franchise
President of New Orleans Area
Compensation as of Fiscal Year 2015.

Regions Bank Key Developments

Regions Bank Names Kate Randall Danella as Wealth Strategy and Effectiveness Executive for Regions Wealth Management

Regions Bank announced that Kate Randall Danella has joined the company and will serve as Wealth Strategy and Effectiveness Executive for Regions Wealth Management. In this role, Danella will oversee the development and implementation of business strategies across Regions’ Wealth Management Group. Prior to joining Regions, Danella served as vice president for Capital Group Companies in Los Angeles. During her career at Capital Group, she was a senior sales and service manager for Capital’s institutional business, senior marketing leader for the global marketing organization, and strategy and business leader for the American Funds mutual fund business. Most recently, Kate was responsible for developing and executing strategic business plans for Capital’s North American businesses. She joined Capital Group in 2002 and served in sales, service, marketing and management roles in Los Angeles, San Francisco and New York.

Regions Bank Names Julz Burgess Head of Corporate Trust for Regions Wealth Management’s Institutional Services Group

Regions Bank has named Julz Burgess head of its Corporate Trust Group. Burgess will provide strategic direction for Regions Corporate Trust with an emphasis on business development, client service and retention. Burgess will also manage Regions Institutional Services’ Escrow business. Burgess has more than 24 years of experience in the corporate trust area and joins Regions from Bank of New York (BNY) Mellon Trust Company where she most recently served as Managing Director of the U.S. Corporate Finance Client Service Management team. She will report to John Parker, head of the Institutional Services Group within Regions Wealth Management, replacing Kevin Kirby, who recently retired from Regions.

Kessler Topaz Meltzer & Check, LLP Announce Settlement with Regions Financial Corp., Regions Bank, and Regions Insurance Inc. about Lender-Placed Flood Insurance Policies

Kessler Topaz Meltzer & Check, LLP announced settlement with Regions Bank about lender-placed flood insurance policies. A proposed settlement of a putative class action against Regions Financial Corp., Regions Bank, and Regions Insurance Inc. has been reached in the United States District Court for the Eastern District of Arkansas, in the action Mahan v. Regions Financial Corp., No. 4:14-cv-321-JM. Plaintiff Gary Mahan alleges, among other things, that when a borrower was required to have flood insurance pursuant to a residential mortgage or home equity loan or line of credit, and the borrower failed to provide evidence of acceptable coverage, Defendants would obtain Lender-placed flood insurance policies in a manner that enabled Regions to receive unauthorized benefits from the lender-placed flood insurer, whose affiliates issued the LPFI Policies. Plaintiff also alleges that the way in which the LPFI Policies were obtained and placed caused the LPFI charges to be excessive. Defendants deny any wrongdoing and assert that their actions are fully authorized under the terms of the loans and by law. There has been no court decision on the merits and no finding that the Defendants committed any wrongdoing. As part of the Settlement, Defendants have agreed to provide settlement payments to Settlement Class members from the $612,500.00 Settlement Fund established under the terms of the Settlement. Each Settlement Class member will be entitled to a Settlement Payment in the amount of the percentage of his or her Individual Net Premium relative to the Total Net Premium charged to all Settlement Class members, as those terms are defined in the settlement. Settlement Class members do not need to submit a claim form in order to receive a Settlement Payment. Attorneys' fees and expenses for the lawyers representing the Settlement Class, a service award to the Plaintiff, and costs of administering the Settlement will also be paid out of the Settlement Fund. Defendants also have agreed to additional relief from which may benefit, including certain commitments regarding placement of LPFI Policies. The Court will hold a Final Approval Hearing on October 1, 2015 at 9:30 a.m., to consider whether to approve the Settlement, award attorneys' fees of up to $204,166.50 plus reasonable costs to counsel for the Settlement Class, and a service award of up to $5,000 to the Plaintiff for his service to the Settlement Class. Any attorneys' fees and expenses or service award approved by the Court will be paid from the Settlement Fund. The Final Approval Hearing may be moved to a different date or time.

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