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The Alabama regional bank, which struggled to jumpstart top-line growth during the second quarter, is hiring financial consultants and holding more 15-year mortgages.
July 23 -
Regions Financial reported lower second-quarter earnings after the Birmingham, Ala., company restructured its debt and redeemed certain securities.
July 23 -
A shareholder at Regions Financial urged shareholders to exercise "caution" in the election of the bank's 14 board members who are up for re-election at the its annual meeting Thursday.
May 15
Regions Financial (RF) has hired a group of Texas bankers away from Wells Fargo (WFC).
The $119 billion-asset Regions said Tuesday that Wendel Pardue, Richard Gross and Buddy Billingsley have joined the company and will be tasked with drumming up commercial real estate business in three of Texas' largest metropolitan markets.
Pardue will be commercial real estate market manager and he and Gross will focus on clients in the Dallas region. Billingsley will head Regions' business development in Austin and San Antonio and the surrounding areas.
Before joining the Birmingham, Ala.-based Regions, Pardue had been responsible for Wells Fargo's commercial real estate business in Austin, San Antonio, El Paso and Oklahoma. Gross was a Wells Fargo commercial real estate senior relationship manager in Dallas, and Billingsley held the same role in Austin.
The three "are tenured bankers who know the Texas real estate market well and have experience working with clients through a variety of economic cycles," Rusty Campbell, Regions' real estate banking executive, said in the news release. "Texas is a robust economic engine for the country and an important growth market for Regions."
