Regions Financial has a new chief executive for its insurance business.
The Birmingham, Ala., company on Friday promoted Rick Ulmer to the post. He will report directly to Bill Ritter, head of Regions Wealth Management.
Ulmer joined Regions Insurance Group in 2013 and most recently oversaw operations in several Midwestern and Southern states. He previously worked at Marsh USA, a risk management company in New York, and MMI Agency, a marketing company in Houston.
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Regions Financial in Birmingham, Ala., said in a press release 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.
July 13 -
Regions Financial in Birmingham, Ala., has acquired A.I. Group, an employee-benefits and insurance company in Alpharetta, Ga.
August 3 -
Panic around energy lending has subsided somewhat as oil prices have climbed and banks have reduced their overall exposure. But expect more trouble ahead if prices level off.
July 19
Ulmer succeeds Curren Coco, who is leaving "to pursue other interests," Regions said in a press release.
The $126 billion-asset Regions has
