Well to start with I do currently work for Regions Bank. I feel it is like working for most large corporations, when at the bottom just do your job and no one really cares. They do, however, prefer to promote and hire from within. There is even a job bank for internal employees to check out and possibly consider moving up in the company. As for investing in Regions, I think it would be good if you are a risk-seeking investor looking to hold on to a stock for a while. One would not expect large gains in the short term from bank stock at this point in time in the economy, but most financial stock should increase over the next 1 to 2 years. Just a couple years ago, Regions was trading for around $30 a share. They may not have paid their TARP money back yet, but are raising capital to do so. They issued around $2.5 billion is stock the other week to meet the demands of both the TARP and stress test results. So all in all, good investment if you can hold on to it for a while.
As for the example for class, mine is related to the CEO. I feel that it may be time to replace the current CEO. Regions needs a fresh looks and some new ideas for future development. The problem comes in to play that the CEO is also the Chairman of the Board. Now I know this can help speed up decisions but it gives too much power to the CEO. CEO's need to be replaced now and again, and it is difficult when the CEO is empowered that much. I guess my point is is that CEO's, especially one of financial institutions, should be watched more closely not over empowered.
Sunday, June 28, 2009
Unlike their greatest competitors, BB&T and US Bank, Regions has yet to pay back the TARP money they received. Regions took around $3.5 billion to cover bad mortgages in Florida. Around mid last week it was announced that both of their competitors paid back the government to become their own identity again and have no ties, ie preferred stock, to the government.
Friday, June 26, 2009
Management
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| C. Dowd Ritter Chairman, President, and Chief Executive Officer |
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| O. B. Grayson Hall, Jr. Vice Chairman, General Banking Group |
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| David B. Edmonds Senior Executive Vice President, Human Resources Group |
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| Irene Esteves Chief Financial Officer and Senior Executive Vice President, Finance Group |
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| G. Timothy Laney Senior Executive Vice President, Business Services Group |
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| John B. Owen Senior Executive Vice President Operations and Technology |
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| David H. Rupp Senior Executive Vice President, Consumer Services Group |
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| William C. Wells, II Chief Risk Officer and Senior Executive Vice President, Risk Management Group |
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| Board of Directors |
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| Samuel W. Bartholomew Jr. Chairman Emeritus - Tennessee, Adams & Reese/Stokes Bartholomew, LLP |
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| George W. Bryan Chief Executive Officer, Old Waverly Investments, LLC |
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| David J. Cooper, Sr. Vice Chairman, Cooper/T. Smith Corporation |
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| Earnest W. Deavenport, Jr. Retired Chairman of the Board and Chief Executive Officer, Eastman Chemical Company |
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| Don DeFosset Retired Chairman, President and Chief Executive Officer, Walter Industries, Inc. |
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| O. B. Grayson Hall, Jr. Vice Chairman, Regions Financial Corporation |
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| James R. Malone Managing Partner, Qorval LLC |
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| Susan W. Matlock President and Chief Executive Officer, Innovation Depot |
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| John E. Maupin, Jr. President, Morehouse School of Medicine |
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| Charles D. McCrary President and Chief Executive Officer, Alabama Power Company |
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| Claude B. Nielsen Chairman of the Board and Chief Executive Officer, Coca-Cola Bottling Company United, Inc. |
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| C. Dowd Ritter Chairman of the Board, President, and Chief Executive Officer, Regions Financial Corporation |
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| John R. Roberts Managing Partner (Retired), Mid-South Region, Arthur Andersen LLP |
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| Lee J. Styslinger III Chief Executive Officer, Altec, Inc. |
Sunday, June 7, 2009
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