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Mike Allen and John Barton to lead Commercial and Industrial
Banking Divisions;
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Brooks Hubbard and Dan Holland named group heads for Healthcare and
Restaurant Specialty Lending Groups
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Dec. 1, 2011--
Regions
Financial (NYSE:RF) today announced it has appointed two company and
industry veterans to new positions within the Commercial and Industrial
Division of the Business Services Group. In addition, Regions has
promoted two specialized industry bankers to lead the company’s
Healthcare and Restaurant specialty
lending groups.
John Asbury, head of Business Services, Regions Financial (Photo: Business Wire)
Mike Allen has been named Commercial and Industrial Executive and John
Barton has been named Specialized Industries Executive. Both will report
to John Asbury, head of Business Services for Regions Financial.
“Providing financial services and expert advice to middle market
companies is the primary focus of our commercial banking business and
Regions continues to help companies grow and succeed,” said John Asbury,
head of Business Services for Regions Financial. “Mike and John bring a
wealth of knowledge, ingenuity, and management ability to their new
roles. Under their leadership, Regions is well positioned to continue
meeting the unique needs of companies in the communities and industries
we serve.”
Mike Allen has been named Commercial and Industrial Executive, with
responsibility for Commercial and Industrial business operations. As a
30-year veteran at Regions and its predecessors, Allen will manage
operations and drive strategy for the Commercial and Industrial segment
overall, with oversight for the General Industries, Public,
Institutional and Nonprofit division, and the Commercial and
Industrial credit process. Allen joined Regions Bank in 1981 and brings
a broad background in commercial banking, asset-based lending, and sales
management to his new role. Allen holds a bachelor’s degree in
Accounting from the University of Alabama at Birmingham. He also
graduated from The Graduate School of Banking at Louisiana State
University.
John Barton, previously head of the Healthcare
Specialized Industry Group, has been named Specialized Industries
Executive, with responsibility for Regions’ Healthcare,
Transportation,
Restaurant,
and Technology and Defense specialized industry groups. Regions began
building capacity to meet the unique needs of customers in specialized
industries in 2008 and since that time has experienced strong growth in
these areas. Barton joined Regions in 2009 and has more than 30 years of
experience in corporate, investment and healthcare banking, making him
ideally suited to lead the company’s efforts to serve business customers
with distinct financial needs. Barton earned a bachelor’s degree in
business administration and finance from Southern Methodist University
in Dallas, Texas, and also is a graduate of the Stonier Graduate School
of Banking.
Regions also appointed two specialized industry bankers to lead the
Healthcare and Restaurant groups. Both will report to John Barton.
Brooks Hubbard has been named head of the Healthcare
Banking Group. Hubbard most recently led the group’s corporate
finance effort. Under his leadership, the Healthcare Group successfully
implemented a private equity, merger and acquisitions finance strategy
to augment the group’s historical involvement in healthcare throughout
the 16-states Regions Bank serves. This initiative has been a
significant driver of growth within the bank’s Healthcare Group over the
last 30 months. Hubbard has more than 16 years of experience in
corporate and investment banking, with more than 12 of those dedicated
to healthcare banking. Hubbard is based in Nashville, Tenn. where he
will lead the three key components of Regions Bank’s healthcare
strategy; skilled nursing/not-for-profit hospital finance, private
equity/corporate finance, and medical office building finance. Hubbard
is a graduate of Vanderbilt University, where he earned a bachelor’s
degree in Economics.
Dan Holland has been named head of the Restaurant
Banking Group. Holland has fifteen years of experience in restaurant
finance with an emphasis on providing both traditional banking services
and customized financing solutions for restaurant operating companies as
well as large multi-unit restaurant franchisees. Holland was previously
a senior corporate banker in the Restaurant Banking Group at Regions and
will continue to manage an experienced team of bankers focused on
meeting the unique financial needs of companies in the restaurant
industry. Holland and the Restaurant Banking team are based in Atlanta,
Ga. Holland earned an MBA from the University of Memphis and graduated
from Memphis State University with a bachelor’s degree in Economics.
Regions Financial is one of the nation’s top banks serving middle market
commercial companies throughout all economic cycles. Regions has
continued to provide financial expertise, liquidity and financing to
businesses and in the third quarter of 2011 reported a 12.9 percent
increase in commercial and industrial lending year-over-year.
About Regions Financial Corporation
Regions Financial Corporation, with $130 billion in assets, is a member
of the S&P 500 Index and is one of the nation’s largest full-service
providers of consumer and commercial banking, trust, securities
brokerage, mortgage and insurance products and services. Regions serves
customers in 16 states across the South, Midwest and Texas, and through
its subsidiary, Regions Bank, operates approximately 1,800 banking
offices and over 2,100 ATMs. Its investment and securities brokerage
trust and asset management division, Morgan Keegan & Company Inc.,
provides services from over 300 offices. Additional information about
Regions and its full line of products and services can be found at www.regions.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50087909&lang=en
Source: Regions Financial Corporation
Regions Financial Corporation
Evelyn Mitchell, 205-264-4551
