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 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 Because the aggregate principal amount of Notes validly tendered and not validly withdrawn as of the Early Tender Date exceeded the Maximum Tender Amount, approximately 77.0% of Notes validly tendered as of the Early Tender Date will be accepted for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.
Regions Bank Launches Savings Secured Line of Credit and Affordable Mortgage Product
Jan 12 15
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.
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