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Regions Financial with organizational shakeup

  • Regions (RF) creates a General Bank which houses units serving retail, wealth management, and small business customers, and a Corporate Bank under which middle-market and larger commercial business will be housed.
  • John Owen, Head of Business Lines, has been named head of the General Bank, and South Region President John Turner has been named head of the Corporate Bank.
  • CEO Grayson Hall: "This realignment creates a more streamlined structure at the top of the company and is a more effective model for executing our strategy, managing our performance and serving our customers."
  • Source: Press release
Comments (1)
  • 1627
    , contributor
    Comments (55) | Send Message
     
    stop talking about constant reorganization unless you are dumping board members-they are the problem !
    Also,how about cutting some management and board salaries,benefits,opti... and returning some $$$ to shareholders ????????
    Long overdue
    And SA-thanks for the latest update
    16 Jun, 05:52 PM Reply Like
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