A federal judge in Atlanta has ordered Regions Financial Corp. to pay $1.4 million in severance and legal fees to six former company executives who claimed the Birmingham, Ala., banking company triggered a change-of-control agreement when it changed their job assignments.

All the executives were presidents at First National Bancorp in Gainesville, Ga., which was a multibank holding company when it was bought by Regions in April 1996. Regions consolidated First National's 18 charters into one bank after closing that deal. The six presidents became area managers.

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