Regions Financial (RF) in Birmingham, Ala., has split itself into two operating units — a general bank and a corporate bank.

The general bank combines Regions' retail, wealth management, and small-business operations while the corporate bank will focus on serving middle-market and large commercial clients, the $118 billion-asset financial institution said in a press release.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.