Regions Names Grayson Hall President and Chief Operating Officer
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 15, 2009--
Regions Financial Corporation (NYSE:RF) announced today that Vice
Chairman O.B. Grayson Hall, Jr., has been named President and Chief
Operating Officer of the bank holding company. Hall, head of Regions’
General Bank, is a 29-year veteran of the company and was named vice
chairman and joined the company’s Board of Directors in December 2008.
Dowd Ritter, 62, remains chairman and chief executive officer. Hall’s
additional position as chief operating officer is new. Ritter had served
as president and chief executive officer since November 2006 and was
named chairman in January 2008. The company’s mandatory retirement age
Hall, 52, manages Regions’ General Banking Group, which includes the
company’s four geographic regions covering 16 states as well as
Operations and Technology, and Morgan Keegan & Company. He also serves
as a member of Regions Executive Council, its most senior management
committee. The General Bank accounts for about 24,000 of Regions’ 29,000
“This is the logical next step in establishing a clear management
succession plan, further strengthens our corporate governance, and
positions the company well for growth in the years to come,” said
Ritter. “This continues our Board’s succession planning process that
last year resulted in Grayson’s election to our Board of Directors and
is further recognition of his tremendous leadership ability and
accomplishments over many years and with increasing responsibilities.”
Under Hall’s leadership, customer satisfaction has reached all-time
highs and it consistently ranks in the top quartile according to Gallup
surveys that benchmark Regions against other banks. The customer focus
and improved customer satisfaction have resulted in record new account
openings in 2009.
“I appreciate the confidence that Dowd and the Board have placed in me.
I believe Regions is well-positioned to continue building customer
relationships, improving our earnings power, and capitalizing on the
strengths of our markets to deliver value to our shareholders,” Hall
About Regions Financial Corporation
Regions Financial Corporation is a member of the S&P 100 Index and
Forbes Magazine's "Platinum 400" list of America's best big companies.
With $144 billion in assets, Regions 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
1,900 banking offices and 2,400 ATMs. Its investment and securities
brokerage trust and asset management division, Morgan Keegan & Company
Inc., provides services from some 400 offices. Additional information
about Regions and its full line of products and services can be found at www.regions.com.
Source: Regions Financial Corporation
Regions Financial Corporation
Investor Relations Contact:
Close window | Back to top