Business & Finance
Business and Finance
Business and Finance
Mon, March 21, 2011
Fri, March 18, 2011 Regions Statement on Comprehensive Capital Analysis and Review (CCAR) Results
BIRMINGHAM, Ala.--([ BUSINESS WIRE ])--Regions Financial Corporation (NYSE:RF) has received the results from the Federal Reservea™s recently concludedComprehensive Capital Analysis and Review (CCAR).
As part of the CCAR process, Regions did not propose any immediate capital action. The companya™s position of repaying the governmenta™s TARP investment in a prudent manner, on shareholder-friendly terms, remains unchanged. The company continues to believe a return to sustainable profitability and continuing improvement in asset quality are key conditions that will enable repayment of TARP.
About Regions Financial Corporation
Regions Financial Corporation, with $132 billion in assets, is one of the nationa™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 2,200 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 ].
