-
Regions Bank in Birmingham, Ala. has been approved as a Fannie Mae Delegated Underwriting and Servicing multifamily lender and acquired the servicing on a $1 billion Fannie apartment loan portfolio.
July 25 -
Its credibility damaged by shoddy lending and questionable accounting, the Birmingham, Ala., company rebuilt its reputation by putting customers and communities first.
June 25 -
Banks want to make loans to people with scant credit histories, but the challenge is figuring out how to do so safely. One possible solution is to look at alternative data. Eager to book more loan business, more and more banks are considering such factors as rent payments, purchasing patterns, even an applicant's spelling to help predict creditworthiness.
February 24
Regions Financial in Birmingham, Ala., has added an insurance agency in Florida.
The $121 billion-asset company said in a press release Monday that it had absorbed Ronald F. Holehouse Agency and its team of agents. Regions did not disclose how much it paid for the insurance agencys client accounts.
Regions said that adding the firm would help it grow in Florida and enhance its flood insurance services.
"We are pleased to expand our personal and business insurance capabilities, as well as our presence in Florida through the addition of the Holehouse Agency," Curren Coco, chief executive of Regions Insurance, said in the release.
The Holehouse team has "extensive experience meeting the unique insurance needs of individuals and businesses in coastal markets, particularly in the flood insurance space," Coco added. "Our agreement is the latest example of how we continue to expand the scope and reach of Regions Insurance."
This is the second Regions Insurance office in Florida; the first opened late last year.
