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. An acquisition of Memphis-based Union Planters in 2004 was followed by a merger with cross-town rival AmSouth in 2006. The database contains 94 records that match your search criteria. Market pressures and a regulatory rollback have triggered a wave of regional bank M&A that appears likely to continue in the year ahead. As M&A activity continues into the future, mapping things out occasionally can make sense. Athletes' ambitions don't end when they leave the field of play. Regions Financial Corp. (NYSE:RF), the parent company ofRegions Bank, on Tuesday announced it has completed its acquisition of Clearsight Advisors, Inc. Communications, Banking Applications & Legal Developments, Financial Stability Coordination & Actions, Financial Market Utilities & Infrastructures. Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue N.W., Washington, DC 20551, Transcripts and other historical materials, Federal Reserve Balance Sheet Developments, Community & Regional Financial Institutions, Federal Reserve Supervision and Regulation Report, Federal Financial Institutions Examination Council (FFIEC), Securities Underwriting & Dealing Subsidiaries, Types of Financial System Vulnerabilities & Risks, Monitoring Risk Across the Financial System, Proactive Monitoring of Markets & Institutions, Responding to Financial System Emergencies, Regulation CC (Availability of Funds and Collection of Regions acquisition of Clearsight Advisors formally closed on Dec. 31, 2021. This website is using a security service to protect itself from online attacks. Regions Financial, which has made two deals to buy nonbanks in recent months, is on the lookout for more such acquisitions as it seeks to diversify its revenues. Terms of the acquisition were not disclosed. This press release features multimedia. Click to reveal Based in McLean, Virginia, Clearsight Advisors follows a research-driven, thematic approach toward building relationships across the sectors served by the company. Where does the bank and the Fed go from here? Though the year Download the full 2023 banking and capital markets M&A outlook to explore all the critical insights. There may be one other explanation for Tuesday's rise in Regions' share price, however. Where are bank mergers 2022 rumors now Mortgage branches that the report was & quot ;.. In other market news Tuesday, shares of NationsBank Corp. and BankAmerica Corp. continued their steady rise. Do not delete! Wachtell, Lipton, Rosen & Katz . WebBanks with Successful M&A Plans Need a Partner to Grow With With the current bank merger activity, many banks and credit unions are looking to grow through acquisition Excluding 2020, bankingM&A volume in 2022 slumped to its lowest level in six years. 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 205-264-7040, Regions News Online: regions.doingmoretoday.com Clearsight Advisors is an independent investment banking firm dedicated to driving the Knowledge Economy by providing world-class M&A and capital raising solutions exclusively to growth-oriented Business Services and Technology companies. What to include in your planning? Regions provides links to other websites merely and strictly for your convenience. Please search by entering criteria below. 205-264-4551, Investor Relations Contact: There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Even so, more can be done. While bank acquisitions are in vogue, Turner said that Regions continues to shun the craze. (Podcast). Additional information about Regions and its full line of products and services can be found at www.regions.com. 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. Regions Bank Launches Business Travel Solution for Corporate Banking Clients - PDF, opens in a new window, Regions Next Step Survey Finds Many Americans Arent Prepared for Medical Expenses - PDF, opens in a new window, Regions Bank Launches Multi-Assets Solutions Group, Combining Investment Research Strengths of Regions and Highland Associates - PDF, opens in a new window, Regions Bank Introduces Tuition-Free Education Benefits to All Associates through Guild - PDF, opens in a new window, Regions Bank Named Military Friendly Employer and Military Spouse Friendly Employer - PDF, opens in a new window, Expanding Financial Inclusion: Regions Bank Announces ATM Agreement with Community Development Financial Institutions - PDF, opens in a new window, Regions Financial Scheduled to Participate in Goldman Sachs U.S. Financial Services Conference - PDF, opens in a new window, Regions Financial to Announce Fourth Quarter and Full-Year 2022 Financial Results on Jan. 20, 2023, Regions Bank Increases its Prime Lending Rate, Regions Bank Announces Creation of Franchise Lending Team, Simpler Payments. Regions Bank and Clearsight Advisors are both known for taking a holistic, insightful view of our clients needs and delivering customized solutions based on our depth of market knowledge and our passion for delivering a superior client experience, said Joel Stephens, head of Capital Markets for Regions Bank. Firms with assets over $500 billion at most jeopardy. Through this page you can find experienced We share Clearsights innovative, client-driven focus on meeting complex financial needs through deep market knowledge, strong collaboration with our business partners, and a clear emphasis on providing an optimal client experience.. 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 Banking was hardest hit among the three sectors of banking and capital markets (B&CM) last year. BIRMINGHAM, Ala. -- (BUSINESS WIRE)-- Regions Financial Corp. 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 Leroy Abrahams, head of Community Affairs for Regions Bank. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. Regions Bank is an Equal Housing Lender and Member FDIC. Checks), Regulation II (Debit Card Interchange Fees and Routing), Regulation HH (Financial Market Utilities), Federal Reserve's Key Policies for the Provision of Financial We reference and link to third party information that we verify to the best of our abilities, but do not guarantee its accuracy. For Members Only Federal Credit Union in Chicago, which was founded by the African American sorority Alpha Kappa Alpha, is focused on helping members build generational wealth. As the phony-accounts scandal is brewing in 2014, the executive who functions as the top cop inside Wells Fargo gets shown the door. Wells Fargo's asset cap has been in place for fi ve years, and there's no end in sight. As companies downsize and restructure, American Banker is tracking these decisions to help our readers understand how their industries are adapting. Regions Bank Many banks and financial institutions have halted mergers and acquisitions (M&A) plans while waiting for market uncertainty to stabilize and interest rates to level off. For more information about Clearsight, visit www.clearsightadvisors.com. All Rights Reserved. Sabal is now part of Regions Real Estate Capital Markets division. Please enable JavaScript to view the site. Neither Cetera Investment Services, nor Cetera Investment Advisers is an affiliate of Regions Bank. As a result, the year ahead likely will present stellar opportunities for traditional banks and payment processors unafraid to make bold, proactivealbeit well-consideredmoves. Our 2023 banking and capital markets M&A outlook examines five trends and drivers that can help your business optimize its deal-making strategy and position itself for growth and resilience. Six key components will be at the heart of initiatives championed by the Making Life Better Institute: * Regions Associates in ActionSM: In 2022 alone, Regions associates volunteered 74,000 hours supporting a variety of important causes. Credit quality has demonstrated incredible resiliency and continues to exceed our expectations, Regions CEO John Turner said on a call with analysts Friday. You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Performance & security by Cloudflare. Neither Cetera Investment Services, nor Cetera Investment Advisers is an affiliate of Regions Bank. You should consult privacy disclosures at the linked website for further information. Over the last decade, Clearsight has grown to be an M&A advisory leader in the burgeoning knowledge economy. Smith, Gambrell & Russell to have 400 attorneys after merger. Regions News on Twitter: @RegionsNews, Back to Dana Nolan Houlihan Lokey represented Regions in connection with the Clearsight Advisors transaction, and Moore & Van Allen PLLC served as Regions legal counsel. Your IP: from Mitsubishi UFG Financial Group for nearly $8 billion, announced in September 2021, closed in December 2022. Boston has seen a concentration of merger-related activity this year, with four deals announced in as many months. U.S. policy makers could stand in the way of large regional-bank takeovers as Democrats in Congress and President Joe Bidens administration push for greater scrutiny of mergers, according to Cowen Inc. At greatest risk are deals that create lenders with more than $500 billion in assets, but even smaller tie-ups may be in jeopardy amid increased scrutiny by the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, Cowen analyst Jaret Seiberg wrote in a note to clients Tuesday. NationsBank rose $2.375 to $78.50, after increasing 87.5 cents Monday. Fullwidth SCC. Regions News on Twitter: @RegionsNews. Terms, Statistics Reported by Banks and Other Financial Firms in the However, slumping share prices have created pockets of value Been in place for fi ve years, and there 's no end in sight fi ve years, there. 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