BIRMINGHAM, Ala.--(BUSINESS WIRE)--
Regions
Financial Corporation (NYSE:RF) announced that the Company's Board
of Directors has authorized a $120 million increase to the Company's
previously announced common stock repurchase program, from $640 million
to $760 million. Regions has received a non-objection from the Board of
Governors of the Federal Reserve with respect to the $120 million
increase in stock repurchase authorization under the Company's capital
plan. As previously announced, the authority granted under the stock
repurchase program expires on June 30, 2017. While the Company expects
to complete the stock repurchases in the authorized period, the timing
and exact amount of the repurchases will be based on market conditions
and other factors.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $125 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, wealth
management, mortgage, and insurance products and services. Regions
serves customers across the South, Midwest and Texas, and through its
subsidiary, Regions Bank, operates approximately 1,600 banking offices
and 2,000 ATMs. Additional information about Regions and its full line
of products and services can be found at www.regions.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161101005977/en/
Regions Financial Corporation
Media Contact:
Evelyn
Mitchell, 205-264-4551
www.regionsbanknews.com
Regions
News on Twitter: @RegionsNews
or
Investor
Relations Contact:
Dana Nolan, 205-264-7040
Source: Regions Financial Corporation
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