Published: May 26, 2010
Regions Financial Corp. Names John Asbury Head of Business Services
BIRMINGHAM, Ala. - (BUSINESS WIRE) - Regions Financial Corp. (NYSE: RF) announced today that John Asbury has
been named head of Regions' Business Services Group, leading all lines
of business that serve business and commercial customers. Asbury, an
executive vice president, joined Regions in March 2008 as head of
Business Banking for Regions, which serves small business customers with
annual sales of up to $10 million. He has also managed the bank's
centralized credit underwriting, documentation and administration for
this line of business.
Asbury will report to President and Chief Executive Officer Grayson Hall
and will serve on the company's Operating Committee. He succeeds Tim
Laney, who has accepted the position of chief executive officer of NBH
Holdings Corp. in Boston, Mass, which was created in 2009 to build a
leading community banking franchise.
"We are fortunate to have someone of John's caliber to maintain the
momentum established within the Business Services Group. As a senior
leader, he has played a significant role in driving record deposit
growth and improved customer satisfaction and retention," said Hall.
"Tim helped transform the Business Services Group into an organization
focused on relationships and customer solutions, and we were the only
bank among our peers to increase market share with commercial and small
business customers during this challenging period. We appreciate his
contributions and wish him well."
Asbury has 23 years of experience in the financial services industry. He
joined Regions following a 17-year career at Bank of America, most
recently as Pacific Northwest region executive and senior vice president
of Business Banking. Other positions Asbury held at Bank of America
included quality and productivity executive for Global Corporate
Investment Banking, sales performance executive for the east region of
Commercial Banking, national marketing executive, southeast regional
executive for Business Capital, and chief administrative officer for the
Commercial Finance division. Prior to joining Bank of America in 1990,
he was with Wachovia.
Asbury graduated from Virginia Polytechnic Institute and State
University, summa cum laude, with a bachelor's degree in business, and
he received a master of business administration degree from the College
of William and Mary. He is a member of the Consumer Bankers Association
Small Business Committee.
About Regions Financial Corporation
Regions Financial Corporation, with $137 billion in assets, is a member
of the S&P 100 Index and 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 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.
Regions Financial Corp.
Media Contact:
Tim Deighton,
205-264-4551
or
Investor Relations Contact:
List
Underwood, 205-801-0265
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