-
Regions Financial in Birmingham, Ala., met bullish second-quarter earnings expectations as loan growth offset a decline in fee income.
July 22 -
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 -
Regions Bank misled a Mobile, Ala., sewer company about the riskiness of several swaps transactions and must pay $7.4 million in compensation, an arbitration panel has found.
May 22
Regions Financial has created a corporate and investment banking services group aimed at the financial sector itself.
Tom Dierdorff has been named a senior vice president and head of the group, and three other executives have been hired, the Birmingham, Ala., company said in a press release Wednesday.
The group, which will be based in Atlanta, aims to serve financial service companies including banks, insurers, asset managers, broker-dealers and specialty finance firms. Regions has established comparable specialty groups in recent years, focused on the energy, defense and other industries, a company spokeswoman said.
Dierdorff will also be managing director of Regions Securities LLC, a broker-dealer subsidiary of Regions. Dierdorff will report to John Barton, executive vice president and head of specialized industries.
Dierdorff has spent 20 years in corporate finance, mergers and acquisitions and capital markets. Before joining Regions he held executive positions at SunTrust Banks' Robinson Humphrey unit and Wachovia Securities.
His three executives are Jeff Nicolosi, who previously worked at KeyBanc Capital Markets; Chris Whiddon, who founded Archangel Specialty, a specialty insurance agency, and also worked at Sherman & Co. and Wachovia Securities; and Peter Wesemeier, who previously worked at SunTrust Robinson Humphrey and Commerzbank.
