Regions Financial (RF -2.8%) announces that it repurchased $3.5B worth of its preferred stock in...

|About: Regions Financial Corpora... (RF)|By:, SA News Editor

Regions Financial (RF -2.8%) announces that it repurchased $3.5B worth of its preferred stock in a move that pays off the government's investment in full and removes $175M in annual dividend payments for those securities from its books. (TARP scorecard for banks)