We are in a period of Join over 85,000 subscribers who receive our newsletter every day. 205-264-4551, Investor Relations Contact: The legislation cleared the panel Tuesday night, but Democratic misgivings mean it faces an uphill climb in the Senate. Learn more about how our products and services can support your M&A plans and keep your customers happy with the latest leading-edge technology facilitating settlement, international payments, risk management, loan pricing, and lending solutions. Regions Financial Corp. announced an agreement to acquire Clearsight Advisors, Inc., a leading-edge mergers and acquisitions firm. The operations of Regions and SunTrust overlap significantly in Tennessee and Florida. The merger of Columbia and Umpqua has created a $52 billion-asset bank rooted in the Pacific Northwest. Richard K. Kim, Partner . Morgan Keegan, as well as the combined mortgage business, will be headquartered in Memphis. That may soon change, starting potentially with Eastern Banks $642 million acquisition of rival Century Bank announced late Wednesday. The combination of our two companies will create a new regional force in the banking and financial services industry and further our respective Infrastructures, Payments System Policy Advisory Committee, Finance and Economics Discussion Series (FEDS), International Finance Discussion Papers (IFDP), Estimated Dynamic Optimization (EDO) Model, Aggregate Reserves of Depository Institutions and the to acquire voting shares of IncumbentFI, Inc., Wilmington, Delaware, and thereby engage in data processing, data storage and data transmission services pursuant to section 225.28(b)(14)(i) and (ii) of the Boards Regulation Y. to become a bank holding company by acquiring Peak Bancorp, Inc., and thereby indirectly acquiring Idaho First Bank, both of McCall, Idaho. Both acquisitions reflect Regions strategic plan, which includes identifying areas where the bank can expand its specialty capabilities by offering more solutions for existing clients while building additional growth through reaching new clients that prioritize the additional services now offered by Regions Bank and its subsidiaries. The LifeGreen color is a trademark of Regions Bank. Boston has seen a concentration of merger-related activity this year, with four deals announced in as many months. Sabal is now part of Regions Real Estate Capital Markets division. Leroy Abrahams, head of Community Affairs for Regions Bank. We are thrilled to be joining forces with Regions Bank to expand services and capital raising options for our clients, said Clearsight Co-Founder and CEO Joel Kallett. The most common acquirer mentioned amid the current speculation is Wachovia Corp., which has long been rumored to be eyeing the $14 billion- asset company. Live market coverage co-anchored from Hong Kong and New York. changes to indeterminate sentences 2022 washington state; prayer points for favour and open doors; temporary electrical service requirements; harborside suites at little harbor sold; george conrades net worth; hammersley china victorian violets; is paul hammersmith still in ashworth hospital; dss field office locations; nuhw kaiser strike 2022 Acquisition further enhances Regions specialty capabilities for business clients. Performance & security by Cloudflare. 2023. This enables Clearsight to deliver a deep understanding of market trends and compelling business strategies. Web04/27/2022: Capital City Bank Group, Inc., Tallahassee, Florida; through its subsidiary bank, Capital City Bank, Tallahassee, Florida, to indirectly acquire an equity interest in Terms of the acquisition were not disclosed. Priority Mortgage to merge with Doorway Home Loans (6/10/22) Wyndham Capital Mortgage to cut 48 jobs in Charlotte, NC (6/9/22) Real Genius (FirstBank) laying off 74 employees in Charlotte, NC (6/2/22) Tomo cuts 44 jobs (6/1/22) Real Genius (FirstBank) laying off 35 employees in Nasville, TN (5/31/22) Certain services may not be available to attest clients under the rules and regulations of public accounting. To be prepared, thats not a time to start from scratch, so you might want to at least sketch out a mergers and acquisitions strategy at some point. Regions, the Regions logo and the LifeGreen bike are registered trademarks of Regions Bank. Banks, New Security Issues, State and Local Governments, Senior Credit Officer Opinion Survey on Dealer Financing BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF), the parent company of Regions Bank, on Friday announced it has entered into a definitive agreement to acquire Clearsight Advisors, Inc., a leading-edge mergers and acquisitions firm serving clients in the technology, professional services, data and information services, and digital and technology-enabled services industries. Regions Financial Corp. stock surged in heavy volume Tuesday, as rumors continue to surface that the Birmingham, Ala.-based bank is seeking a buyer. Regions Bank That would mean a sale price between $2.4 billion and $2.6 billion. The acquisition represents another avenue for the bank to broaden its specialty capabilities for existing technology sector clients while reaching new clients that can leverage Regions experience and resources to help them reach their financial objectives. 1817 (j)), the Home Owners' Loan Act (12 U.S.C.1467a), Regulations Y, LL, MM, or other applicable statutes and regulations. Regional banks defined as having between $10 billion and $50 billion in assets were involved in 35 deals, the highest number since 1999. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. We do like diversification of our revenue stream, Turner said. 205-264-7040, Regions News Online: regions.doingmoretoday.com Advisory Services are offered through Cetera Investment Advisers LLC. Why? However, slumping share prices have created pockets of value Regional banks are likely to be the first to combine as the industry starts to consolidate because regulators are unlikely to allow any major acquisitions among the The following banking M&A trends and drivers are worth watching for their potential impact on headwinds or tailwinds during the coming year. from Mitsubishi UFG Financial Group for nearly $8 billion, announced in September 2021, closed in December 2022. 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Regions News on Twitter: @RegionsNews, Back to In a year when companies need to make choices, the most successful companies will most likelybe those that recognize 2023 is not a time for inactivity. Arbitragers who have short position in Regions in hopes of locking in a profit on its purchase of Gainesville, Ga.-based First National Bancorp may be covering their short positions as the closing date of the deal approaches, said Darren Short, a bank analyst with Robinson- Humphrey Co. At Feb. 15, 869,713 shares of Regions were sold short. Terms were not disclosed. *If you are having any difficulty accessing your account, please contact us at, Disclaimer and a note about Find a Lawyer and Legal Advice . 1841 et seq. WebNov 28, 2022. Regions does not monitor the linked website and has no responsibility whatsoever for or control over the content, services or products provided on the linked website. Your IP: Regions Financial assumes no obligation to update or revise any forward-looking statements that are made from time to time. Addresses for the Board and the Federal Reserve Banks are listed at the end of this release. Regions acquisition of Clearsight is expected to close by the end of 2021 subject to satisfaction of customary closing conditions. Regions Financial Corp. announced an agreement to acquire Clearsight Advisors, Inc., a leading-edge mergers and acquisitions firm. WebOn September 28, 2022, the CFPB again ordered Regions Bank to pay $50 million into the CFPBs victims relief fund and to refund at least $141 million to customers harmed by its illegal surprise overdraft fees. The privacy policies and security at the linked website may differ from Regions privacy and security policies and procedures. While US volume and values exceeded 2020s pandemic lows, the number of transactions and overall deal value fell off substantially from the soaring 2021 market. Our strategic plan at Regions includes identifying areas where we can expand specialty capabilities to offer more solutions to clients while growing our customer base, said David Turner, chief financial officer for Regions Financial Corp. Regions agreement to acquire Clearsight Advisors, as well as our acquisitions of Sabal Capital Partners, home improvement lender EnerBank, Ascentium Capital, and others, reflect this strategy in action. Investments, Annuities, and Insurance Products, 2021 Supplemental Proxy Materials (March 31, 2021), Regions Financial to Announce Fourth Quarter and Full-Year 2022 Financial Results on Jan. 20, 2023 - PDF, opens in a new window, Regions Bank Increases its Prime Lending Rate - PDF, opens in a new window, Regions Bank Announces Creation of Franchise Lending Team - PDF, opens in a new window, Simpler Payments. Additional information about Regions and its full line of products and services can be found at www.regions.com. 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