REGIONS FINANCIAL CORPORATION (NYSE:RF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 13, 2017, Regions Financial Corporation (“Regions”) announced the appointment of John M. Turner Jr., 56, to the position of President, effective January 1, 2018. O. B. Grayson Hall, Jr. will continue to serve as Chairman and Chief Executive Officer. Mr. Turner also was appointed to the position of President of Regions Bank.
Mr. Turner joined Regions in 2011 as Senior Executive Vice President and regional president of the South Region and led banking operations in Alabama, Mississippi, South Louisiana, and the Florida Panhandle. He was named head of Regions' Corporate Banking Group in 2014, which serves small businesses as well as middle market and corporate firms, and provides capital markets services and real estate banking. He is also responsible for corporate strategic planning and will remain head of the Corporate Banking Group.
Mr. Turner and certain of his related persons and their affiliates have engaged in lending and other ordinary banking transactions with the Company's subsidiaries. All loans and loan commitments and any transactions involving other financial products and services in connection with these transactions were made in the ordinary course of business, on substantially the same terms, including current interest rates and collateral, as those prevailing at the time for comparable transactions with others and did not involve more than the normal risk of collectability or present other unfavorable features.
A copy of the press release issued by the Company on December 13, 2017, announcing the appointment of Mr. Turner to the position of President is attached hereto as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Index
Exhibit No.Exhibit
REGIONS FINANCIAL CORP ExhibitEX-99.1 2 pr12-13×17.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1Media Contact: Investor Relations Contact:Evelyn Mitchell Dana Nolan205-264-4551 205-264-7040regions.doingmoretoday.com Regions News on Twitter: @RegionsNewsJohn Turner Named President of Regions Bank and Regions Financial Corp. BIRMINGHAM,…To view the full exhibit click here
About REGIONS FINANCIAL CORPORATION (NYSE:RF)
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth. It provides traditional commercial, retail and mortgage banking services, as well as other financial services.
