REGIONS FINANCIAL CORPORATION (NYSE:RF) Files An 8-K Other EventsITEM 8.01 Other Events.
On June 28, 2018, Regions Financial Corporation (“Regions”) issued a press release announcing the results of the Federal Reserve's Comprehensive Capital Analysis and Review of Regions and the authorization by Regions' Board of Directors of a common stock repurchase program that permits repurchases through the end of the second quarter of 2019 in an aggregate amount of up to $2.031 billion, which is inclusive of anticipated capital generation from the pending sale of Regions Insurance Group, Inc. and related affiliates ("RIG"). The sale of RIG is expected to close during the third quarter of 2018.
A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Index
No.Exhibit
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99.1 |
Press Release dated June 28, 2018.
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Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K and the attached press release provided to Items 8.01 and 9.01 may contain forward-looking statements, which involve a number of risks and uncertainties. Regions cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information due to a number of factors, including those listed from time to time in reports that Regions files with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2017.
REGIONS FINANCIAL CORP ExhibitEX-99.1 2 rf-2018ccarpr991.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1 Media Contact: Investor Relations Contact:Evelyn Mitchell Dana Nolan205-264-4551 205-264-7040Regions Financial Corp. Announces CCAR Results; Proposed capital actions include increasing dividend to $0.14,…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.
