About Regions Financial

Regions Financial Corporation (Regions) operates as a financial holding company. The company provides a full range of banking and bank-related services to individual and corporate customers through its subsidiaries and branch offices located across the South, Midwest and Texas, as well as delivering specialty capabilities nationwide. The company is headquartered in Birmingham, Alabama operating in the South, Midwest and Texas. In addition, the company operates several offices delivering specialty capabilities in New York, Washington D.C., Chicago and other locations nationwide. The company provides financial solutions for a wide range of clients, including retail and mortgage banking services, commercial banking services, and wealth and investment services. Further, the company and its subsidiaries deliver specialty capabilities, including merger and acquisition advisory services, capital markets solutions, home improvement lending and others. Banking Operations The company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank that is a member of the Federal Reserve System. The company operates automated teller machines and branch outlets primarily across the South, Midwest and Texas. Other Financial Services Operations In addition to its banking operations, the company provides additional financial services through the following subsidiaries: Regions Equipment Finance Corporation and Regions Commercial Equipment Finance, LLC, both wholly-owned subsidiaries of Regions Bank, provide equipment financing products focusing on commercial clients. Ascentium Capital, also a wholly-owned subsidiary of Regions Bank, provides financing of essential-use equipment for small business customers through a technology-enabled model that delivers same-day credit decisions and funding. Sabal Capital Partners, LLC, is a wholly-owned subsidiary of Regions Bank headquartered in Irvine, California, and is a national commercial real estate lender. Regions Affordable Housing LLC is a wholly-owned subsidiary of Regions Bank headquartered in Great Neck, New York, and engages in low income housing tax credit corporate fund syndication and asset management. Regions Community Development Corporation, a wholly-owned subsidiary of Regions Bank, provides financing to qualifying customers under the CRA (Community Reinvestment Act of 1977) and also invests in CRA related projects. Regions Investment Services, Inc., a wholly-owned subsidiary of Regions Bank, offers investments and insurance products to Regions Bank customers, provided by licensed insurance agents. In addition, Regions Bank and Regions Investment Services, Inc. maintain an agreement with Cetera Investment Services, LLC to offer securities, insurance and advisory services to Regions Bank customers through dually-employed financial advisors. Regions Securities LLC, a wholly-owned subsidiary of Regions headquartered in Atlanta, Georgia, serves as a broker-dealer to commercial clients and acts in an advisory capacity to merger and acquisition transactions. BlackArch Partners LLC is a wholly-owned subsidiary of Regions and is headquartered in Charlotte, North Carolina. BlackArch Partners LLC and its broker-dealer subsidiary, BlackArch Securities LLC, offer merger and acquisition services to its institutional clients and commercial entities, as well as serving as a broker-dealer to commercial clients. Clearsight Advisors, Inc. is a wholly-owned subsidiary of Regions headquartered in McLean, Virginia, and acts in an advisory capacity to merger and acquisition transactions. Regions Investment Management, Inc. serves as the investment adviser to Regions Wealth Management division and trades in stocks and bonds for trust clients. Highland Associates, Inc. is an institutional investment firm providing investment counsel and consulting services to not-for-profit healthcare entities and mission-based organizations. Regions Bank has also retained Highland Associates, Inc. to provide investment advisory services with respect to assets held in accounts in Regions Bank’s trust department. Both Regions Investment Management, Inc. and Highland Associates, Inc. are wholly-owned subsidiaries of Regions Bank. Securities As of December 31, 2022, the company’s securities were U.S. Treasury securities; federal agency securities; obligations of states and political subdivisions; mortgage-backed securities: residential agency, residential non-agency, commercial agency, and commercial non-agency; and corporate and other debt securities. Deposits As of December 31, 2022, the company’s deposits were non-interest-bearing demand deposits, interest-bearing checking deposits, savings accounts, money market accounts —domestic, and time deposits. Included in time deposits are certificates of deposit and individual retirement accounts. Loan Portfolio As of December 31, 2022, the company’s loans were commercial loans, such as commercial and industrial loans, commercial real estate mortgage loans —owner-occupied, and commercial real estate construction loans —owner-occupied; investor real estate loans, such as commercial investor real estate mortgage loans and commercial investor real estate construction loans; and consumer loans, such as residential first mortgage loans, home equity lines, home equity loans, consumer credit card, other consumer loans —exit portfolios, and other consumer loans. Supervision and Regulation As a bank holding company (BHC), the company is subject to regulation under the BHC Act (Bank Holding Company Act of 1956, as amended) and to regulation, examination, and supervision by the Board of Governors of the Federal Reserve System (Federal Reserve). Regions Bank is an Alabama state-chartered bank and a member of the Federal Reserve System. Its operations are generally subject to supervision and examination by both the Federal Reserve and the Alabama State Banking Department. Regions Bank is also affected by the actions of the Federal Reserve as it implements monetary policy. Regions Bank and its affiliates are also subject to supervision, regulation, and examination by the Consumer Financial Protection Bureau (CFPB) with respect to consumer protection laws and regulations. Regions and certain of its subsidiaries and affiliates, including those that engage in derivatives transactions, securities underwriting, market making, brokerage, investment advisory, and insurance activities, are subject to other federal and state laws and regulations, as well as supervision and examination by other federal and state regulatory agencies and other regulatory authorities, including the U.S. Securities and Exchange Commission (SEC), CFTC, FINRA (Financial Industry Regulatory Authority), and the New York Stock Exchange. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Regions is expected to act as a source of financial strength to, and to commit resources to support, its subsidiary bank. Sections 23A and 23B of the Federal Reserve Act and the Federal Reserve’s Regulation W restrict transactions between a bank and its affiliates, including a parent BHC. Regions Bank is subject to these restrictions, which include quantitative and qualitative limits on the amounts and types of transactions that may take place, including extensions of credit to affiliates, investments in the stock or securities of affiliates, purchases of assets from affiliates and certain other transactions with affiliates. Regions Bank's deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to the applicable limits, which is $250,000 per account ownership type. The company is subject to a number of federal and state consumer protection laws, including laws designed to protect customers and promote lending to various sectors of the economy and population. These laws include, but are not limited to, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures Act, the Truth in Savings Act, the Electronic Funds Transfer Act, the Consumer Financial Protection Act, and their respective state law counterparts. The CRA requires Regions Bank's primary federal bank regulatory agency, the Federal Reserve, to assess the bank's record in meeting the credit needs of the communities served by the bank, including low- and moderate-income neighborhoods and persons. The company’s compensation practices are subject to oversight by the Federal Reserve. Regions’ banking subsidiary has augmented its anti-money laundering compliance program and will continue to revise and update its anti-money laundering policies, procedures and controls to reflect changes required by the USA PATRIOT Act (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001) and its implementing regulations. The company’s subsidiaries, Regions Securities LLC and BlackArch Securities LLC, are registered broker-dealers with the SEC and FINRA, and Regions Investment Management, Inc. and Highland Associates, Inc. are registered investment advisers with the SEC. These subsidiaries are, as a result, subject to regulation and examination by the SEC, FINRA and other self-regulatory organizations. History Regions Financial Corporation was founded in 1971. The company was incorporated in 2004.

Country
Industry:
Commercial banks
Founded:
1971
IPO Date:
07/01/2004
ISIN Number:
I_US7591EP1005
Address:
1900 Fifth Avenue North, Birmingham, Alabama, 35203, United States
Phone Number
800 734 4667

Key Executives

CEO:
Turner, John
CFO
Turner, David
COO:
Data Unavailable