Regions Statement on Comprehensive Capital Analysis and Review (CCAR) Results
March 18 2011 - 2:00PM
Business Wire
Regions Financial Corporation (NYSE:RF) has received the results
from the Federal Reserve’s recently concluded Comprehensive Capital
Analysis and Review (CCAR).
As part of the CCAR process, Regions did not propose any
immediate capital action. The company’s position of repaying the
government’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 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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