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 Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As a continuation of its succession planning, at a meeting held on April 25, 2018, the Board of Directors (the “Board”) of Regions Financial Corporation (“Regions”) determined that, effective July 2, 2018, O. B. Grayson Hall, Jr., 60, will transition from the position of Chief Executive Officer; and that John M. Turner Jr., 56, will become Chief Executive Officer and a member of the Board of Regions and Regions Bank. Following the transition, Mr. Hall will continue his service on the Board and employment with Regions as Executive Chairman through the end of 2018. Mr. Turner is currently serving as Regions’ President.

Mr. Turner was named President of Regions and Regions Bank in December 2017. He 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. Mr. Turner was named head of Regions’ Corporate Bank Group in 2014, which serves small businesses as well as middle market and corporate firms and provides capital markets services.

The terms of compensation that Mr. Hall will receive as Executive Chairman and that Mr. Turner will receive as Chief Executive Officer have not been determined at this time.

Mr. Turner and certain of his related persons and their affiliates have engaged in lending and other ordinary banking transactions with Regions’ 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.

Item 5.02Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Index

Exhibit No.Exhibit

REGIONS FINANCIAL CORP Exhibit
EX-99.1 2 a20180425pr.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1    Media Contact:                        Investor Relations Contact:Evelyn Mitchell                        Dana Nolan205-264-4551                            205-264-7040regions.doingmoretoday.com                    Regions News on Twitter: @RegionsNewsRegions Financial Corp. Names John Turner CEO Effective July 2,…
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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.