Regions Financial News

Birmingham-based Regions Financial Corp . informed regulators that it won't pay cash bonuses to its top executives this year, in keeping with rules tied to the Troubled Asset Relief Program .

Regions Financial Corporation announced that Patrick "Pat" O'Beirne, senior vice president and business banking sales manager at Regions Bank in Austin, Texas, is the December recipient of the Better Life Award.

Shares of Bank of America Corp. rose sharply early Thursday, leading gainers among S&P 500 financial stocks and helping to lift the sector.

Big banks are scaling back their lending activities and boosting cash so far in the fourth quarter to cover lingering credit losses, said J.P. Morgan, which also trimmed its earnings estimates for some large-cap banks on Tuesday.

The sector fell 0.8%. Bank stocks had been under pressure in the early going after Financial Times reported that the Federal Reserve has asked nine of the nation's largest bank to outline how they intend to repay TARP.

The Federal Reserve has asked nine U.S. banks that were part of the stress tests to submit plans for repaying TARP funds, Bloomberg reports.

Regions Financial Corp. announced that John Owen has been named head of Regions' Consumer Services Group.

Scott Reed, CEO of Oakworth Capital Bank, left, and Forest Whatley, managing director, said their bank earned a three-star rating from Bankrate.com in part because it caters to businesses and wealthy clients.

People want to feel good about the economy, even when the reasons for feeling good are limited.

The PGA Champions Tour will again come to Hoover's Ross Bridge in May 2010. The 2010 Regions Charity Classic golf tournament will be held May 12-16 at Renaissance Ross Bridge Golf Resort & Spa.

The general counsel for Harbert Management Corp . said today the company's Harbert Realty division is "working very hard" to secure financing on a proposed Marriott Renaissance hotel downtown.

Bankers from Regions Financial Corp. are fanning out across north central Alabama this week to talk to kids about the value of saving in 60 school presentations that are expected to reach more than 2,000 students.

Regions Financial announced plans to extend its participation in the Federal Deposit Insurance Corporation's voluntary Transaction Account Guarantee portion of the Temporary Liquidity Guarantee Program through June 30, 2010.

Two banks which have repaid their bailout funds said Monday they no longer need to take advantage of a special program that offers government insurance on certain deposits, like checking account funds, over $250,000. Bank of New York Mellon and U.S. Bancorp both said they will opt out of a six-month extension of the Transaction Account Guarantee ...

Regions Financial has named Grayson Hall president and chief operating officer of the company.

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More bad news for those in the finance industry. The latest reports and rumors of layoffs are at Fortis Bank Polska SA, HSBC Holdings plc , and Regions Financial Corp.

Regions Financial Corp . said today that it has seen deposit gains in two dozen major metropolitan areas in its 16-state territory.

Regions Financial Corp. , located in Birmingham, Alabama, reported third-quarter earnings amid a slew of large regional bank earnings reports, and came in with a sizable loss.

Three well-known cases filed against Regions Financial Corp. 's top executives within the Jefferson County court system could be consolidated onto one large case, court documents show.