Miguel Alandete joins Regions Bank to Manage Government Guaranty Lending
July 29 2010 - 9:00AM
Business Wire
Regions Financial Corporation (NYSE: RF) has named Miguel
Alandete senior vice president, Government Guaranty Lending Manager
within the Business and Community Banking division.
In this newly created position, Alandete will oversee government
lending programs across Regions’ 16-state footprint and serve as
the bank’s liaison to the U.S. Small Business Administration (SBA),
the Farmers Home Administration (FmHA), the U.S. Department of
Agriculture (USDA), and various Certified Development Companies
(CDCs). He will report to Lynetta Tipton Steed, head of Business
and Community Banking.
Regions provides government guaranteed loans through dedicated
relationship managers and through the bank’s network of 1,800
branches. Regions is a member of the SBA’s Preferred Lender Program
and was ranked one of the top SBA 504 lenders by volume in Alabama,
Florida and Georgia in 2009.
“Government guaranteed loans are important tools to support
economic development, job creation, and small business growth,
which are critical to a sustained economic recovery,” said Steed.
“Regions has a long history of supporting small businesses and
Miguel’s leadership will allow us to increase our already strong
emphasis on government guaranty lending to help communities and
small businesses succeed.”
Alandete has more than 22 years of experience in financial
services with a focus on small business and government guaranty
lending. He joins Regions from GA Resource Capital in Marietta, Ga.
where he served as regional manager responsible for business
development and underwriting of SBA 504 loans throughout the state.
Prior to this he held various business development roles at CDCs
throughout Georgia and the Pacific Northwest.
Alandete holds a Bachelor of Science degree in accounting from
York College of Pennsylvania and master’s degree from St. John’s
College in Santa Fe, N.M. and Annapolis, Md. He is a member of the
National Association of Development Companies and the National
Association of Government Guaranteed Lenders and is a founding
member of the Georgia Lenders Quality Circle, a SBA lenders
association.
About Regions Financial Corporation
Regions Financial Corporation, with $135 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.
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