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Regions Financial Appoints Commercial and Industrial Banking Executives
  • Mike Allen and John Barton to lead Commercial and Industrial Banking Divisions;
  • 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)

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

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Regions Financial Corp.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.