News for Regions Financing
Feb 23 · 10:55:00 AM · Source: Company Press Release
Regions Financial has announced the company`s executive management team and other organizational changes.
David Turner has been named Chief Financial Officer; David Edmonds has been named to the new position of Chief Administrative Officer; Bill Wells, Chief Risk Officer and Tim Laney, head of Business Service; John Owen, head of Consumer Services.
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by Larry Etter
Jan 1 · 4:05:00 PM · Source: Business Wire
Regions Bank announced that it has exceeded its goal of opening one million new checking accounts for consumers and small businesses in 2009.
Growth in the bank’s signature bundled product, Regions LifeGreen Checking and Savings, helped fuel the growth, which has also been instrumental in helping the bank increase deposits by $10 billion since September 2008. Regions exceeded its previous record of account openings in a year by more than 25 percent.
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by Michael Oliveto
Jan 1 · 4:03:00 PM · Source: MSN Money
Regions Bank recently won a $43.1 million foreclosure lawsuit targeting the unfinished Azura estate home project in Boca Raton.
Polo Field Estates planned to build 92 homes with prices ranging from $1.6 million to $3 million. Only a handful were built.
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by Michael Oliveto
Jan 1 · 4:01:00 PM · Source: MSN Money
Regions Financial Corp.’s brokerage arm Morgan Keegan & Co. said a lawsuit filed by former client Consulting Services Group LLC is “full of omissions, misstatements and half truths” and is nothing more than a tactic to turn attention away from its own shortcomings.
CSG, a Tennessee-based investment advisory firm for institutions, foundations, pension funds and high-net worth individuals, filed a civil lawsuit last week in Shelby County, TN Circuit Court against Morgan Keegan over losses in Morgan Keegan’s former RMK Funds. Losses in the funds ranged from 51% to 86% last year just before Morgan Keegan sold the funds to a third party. The total value had dropped from a high of $4.4 billion to around $350 million when they were jettisoned.
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by Michael Oliveto
Jan 1 · 3:59:00 PM · Source: Orlando Sentinel
Regions Bank said that it is closing five of its Central Florida branches as part of a companywide cost-cutting effort designed to save millions of dollars and help reverse recent losses.
Regions, the fifth-largest bank in Central Florida, plans to shut the branches in Orlando, Longwood, Oviedo, Holly Hill and Ormond Beach early next year, a spokesman for the Birmingham-based bank said. The cutback affects about 6 percent of Regions' offices in Central Florida.
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by Michael Oliveto
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