Regions Financial Appoints Commercial and Industrial Banking Executives
December 01 2011 - 9:00AM
Business Wire
Regions Financial (NYSE:RF) today announced it has appointed two
company and industry veterans to new positions within the
Commercial and Industrial Division of the Business Services Group.
In addition, Regions has promoted two specialized industry bankers
to lead the company’s Healthcare and Restaurant specialty lending
groups.
John Asbury, head of Business Services,
Regions Financial (Photo: Business Wire)
Mike Allen has been named Commercial and Industrial Executive
and John Barton has been named Specialized Industries Executive.
Both will report to John Asbury, head of Business Services for
Regions Financial.
“Providing financial services and expert advice to middle market
companies is the primary focus of our commercial banking business
and Regions continues to help companies grow and succeed,” said
John Asbury, head of Business Services for Regions Financial. “Mike
and John bring a wealth of knowledge, ingenuity, and management
ability to their new roles. Under their leadership, Regions is well
positioned to continue meeting the unique needs of companies in the
communities and industries we serve.”
Mike Allen has been named Commercial and Industrial Executive,
with responsibility for Commercial and Industrial business
operations. As a 30-year veteran at Regions and its predecessors,
Allen will manage operations and drive strategy for the Commercial
and Industrial segment overall, with oversight for the General
Industries, Public, Institutional and Nonprofit division, and the
Commercial and Industrial credit process. Allen joined Regions Bank
in 1981 and brings a broad background in commercial banking,
asset-based lending, and sales management to his new role. Allen
holds a bachelor’s degree in Accounting from the University of
Alabama at Birmingham. He also graduated from The Graduate School
of Banking at Louisiana State University.
John Barton, previously head of the Healthcare Specialized
Industry Group, has been named Specialized Industries Executive,
with responsibility for Regions’ Healthcare, Transportation,
Restaurant, and Technology and Defense specialized industry groups.
Regions began building capacity to meet the unique needs of
customers in specialized industries in 2008 and since that time has
experienced strong growth in these areas. Barton joined Regions in
2009 and has more than 30 years of experience in corporate,
investment and healthcare banking, making him ideally suited to
lead the company’s efforts to serve business customers with
distinct financial needs. Barton earned a bachelor’s degree in
business administration and finance from Southern Methodist
University in Dallas, Texas, and also is a graduate of the Stonier
Graduate School of Banking.
Regions also appointed two specialized industry bankers to lead
the Healthcare and Restaurant groups. Both will report to John
Barton.
Brooks Hubbard has been named head of the Healthcare Banking
Group. Hubbard most recently led the group’s corporate finance
effort. Under his leadership, the Healthcare Group successfully
implemented a private equity, merger and acquisitions finance
strategy to augment the group’s historical involvement in
healthcare throughout the 16-states Regions Bank serves. This
initiative has been a significant driver of growth within the
bank’s Healthcare Group over the last 30 months. Hubbard has more
than 16 years of experience in corporate and investment banking,
with more than 12 of those dedicated to healthcare banking. Hubbard
is based in Nashville, Tenn. where he will lead the three key
components of Regions Bank’s healthcare strategy; skilled
nursing/not-for-profit hospital finance, private equity/corporate
finance, and medical office building finance. Hubbard is a graduate
of Vanderbilt University, where he earned a bachelor’s degree in
Economics.
Dan Holland has been named head of the Restaurant Banking Group.
Holland has fifteen years of experience in restaurant finance with
an emphasis on providing both traditional banking services and
customized financing solutions for restaurant operating companies
as well as large multi-unit restaurant franchisees. Holland was
previously a senior corporate banker in the Restaurant Banking
Group at Regions and will continue to manage an experienced team of
bankers focused on meeting the unique financial needs of companies
in the restaurant industry. Holland and the Restaurant Banking team
are based in Atlanta, Ga. Holland earned an MBA from the University
of Memphis and graduated from Memphis State University with a
bachelor’s degree in Economics.
Regions Financial is one of the nation’s top banks serving
middle market commercial companies throughout all economic cycles.
Regions has continued to provide financial expertise, liquidity and
financing to businesses and in the third quarter of 2011 reported a
12.9 percent increase in commercial and industrial lending
year-over-year.
About Regions Financial Corporation
Regions Financial Corporation, with $130
billion in assets, is a member of the S&P 500 Index and 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 over 2,100 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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