Regions Bank Advisory Services are offered through Cetera Investment Advisers LLC. Total 2022 volume fell to 167 closed transactions totaling $22.6 billion, compared with 205 closed deals totaling $76.6 billion the previous yeardrops of 18.5% and 70.5% in aggregate deal volume and value, respectively. To do this, the board needs an awareness of where the institution fits into the marketplace and who some likely targets or buyers might be. 1817 (j)), the Home Owners' Loan Act (12 U.S.C.1467a), Regulations Y, LL, MM, or other applicable statutes and regulations. Factors that could cause Regions Financials actual results to differ from those described in the forward-looking statements herein include: expected synergies, cost savings, and other financial or other benefits of the Clearsight transaction might not be realized within the expected timeframes or might be less than projected; difficulties in integrating Clearsights business; the continued or potential effects of the COVID-19 pandemic and related variants and mutations on Regions Financials business, financial condition, and results of operations; and risks identified in Regions Financials Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent filings with the Securities and Exchange Commission. This website is using a security service to protect itself from online attacks. In connection with this application, BAWAG Group The privacy policies and security at the linked website may differ from Regions privacy and security policies and procedures. Joy A. Nelson Trust dated March 12, 2020, Joy A. Nelson, as trustee; Jamie Razum, individually and as custodian for a minor; and more, all of Geneva, Illinois; and more; to join the Nelson Family Control Group, a group acting in concert, to retain voting shares of Geneva Bancshares, Inc., and thereby indirectly retain voting shares of The State Bank of Geneva, both of Geneva, Illinois. The OCC also reviewed the Merger under the criteria of the Bank Merger Act (BMA), 12 USC 1828(c), and This message will not be visible when page is activated.+++ DO NOT USE THIS FRAGMENT WITHOUT EXPLICIT APPROVAL FROM THE CREATIVE STUDIO DEVELOPMENT TEAM +++, Max is a principal with Deloitte's financial services practice and banking mergers & acquisitions (M&A) practice, specializing in the formulation of corporate strategy, M&A integration advisory, and l More, With more than 18 years of experience, Matt is a partner in Deloitte & Touche LLP's mergers & acquisitions (M&A) Transaction Services practice and focuses solely on financial services transactions. But in an assist to the bottom line, Regions allowance for credit losses was $1 billion smaller than a year ago, landing at $1.5 billion at the end of the third quarter. With the current bank merger activity, many banks and credit unions are looking to grow through acquisition often need partners that can ensure the back-office services are reliable and maintained, while the institution continues to grow. You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Social login not available on Microsoft Edge browser at this time. The action you just performed triggered the security solution. Forward-looking statements are based on managements expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. By welcoming the experience and insights of Clearsight and its exceptional team, Regions Bank is further positioned to build on the holistic, consultative approach to service that we deliver to clients seeking to build on their growth and advance their business strategies, said Joel Stephens, head of Capital Markets for Regions Bank. Over the last decade, Clearsight has built a solid reputation as a comprehensive M&A firm serving business clients in the high-growth global knowledge economy. All Rights Reserved. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Regions Financial Corp. announced an agreement to acquire Clearsight Advisors, Inc., a leading-edge mergers and acquisitions firm. A bank spokesperson placed responsibility on PPP borrowers for the representations they made in loan applications. What Could Elon Musk Possibly Be Thinking? Clearsight will be incorporated into Regions Banks Capital Markets division. But First Bank ran into We are in a period of Sabal Capital Partners is also being incorporated into Regions Capital Markets division. Since early 2022, mortgage layoffs have been driven by a major decrease in refinance demand and a dwindling pool of eligible home buyers thanks to significantly The combination of our two companies will create a new regional force in the banking and financial services industry and further our respective Media Contact: Services, Sponsorship for Priority Telecommunication Services, Supervision & Oversight of Financial Market Market pressures and a regulatory rollback have triggered a wave of regional bank M&A that appears likely to continue in the year ahead. (Photo: Business Wire). Where are bank mergers 2022 rumors now Mortgage branches that the report was & quot ;.. 11.02.2021 Partner Adam Maier was recently featured in a Bank Director video where he provided insight into what 2022 might bring for bank mergers and acquisitions. WebThis change in legislation led to unprecedented growth. As M&A activity continues into the future, mapping things out occasionally can make sense. Clearsight Capital Advisors, Inc., a wholly owned subsidiary, is a registered member of FINRA & SIPC. All Rights Reserved. Communications, Banking Applications & Legal Developments, Financial Stability Coordination & Actions, Financial Market Utilities & Infrastructures. Regions Bank To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Leroy Abrahams, head of Community Affairs for Regions Bank. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results, or other developments. On the Go. That may soon change, starting potentially with Eastern Banks $642 million acquisition of rival Century Bank announced late Wednesday. Dana Nolan The LifeGreen color is a trademark of Regions Bank. However, these risks and uncertainties are not exhaustive. Theme Banking. As a result, the year ahead likely will present stellar opportunities for traditional banks and payment processors unafraid to make bold, proactivealbeit well-consideredmoves. The words future, anticipates, assumes, intends, plans, seeks, believes, predicts, potential, objective, estimates, expects, targets, projects, outlook, forecast, would, will, may, might, could, should, can, and similar expressions often signify forward-looking statements. The small businesses said in a lawsuit that the bank used "misleading marketing and business practices" to rake in processing fees from oversized Paycheck Protection Program loans. Your IP: (Podcast). B&CM winners will recognize that M&A has entered a very different world, with lowered valuations and evolving ownership models. Regions Bank Launches Business Travel Solution for Corporate Banking Clients - PDF, opens in a new window, Regions Next Step Survey Finds Many Americans Arent Prepared for Medical Expenses - PDF, opens in a new window, Regions Bank Launches Multi-Assets Solutions Group, Combining Investment Research Strengths of Regions and Highland Associates - PDF, opens in a new window, Regions Bank Introduces Tuition-Free Education Benefits to All Associates through Guild - PDF, opens in a new window, Regions Bank Named Military Friendly Employer and Military Spouse Friendly Employer - PDF, opens in a new window, Expanding Financial Inclusion: Regions Bank Announces ATM Agreement with Community Development Financial Institutions - PDF, opens in a new window, Regions Financial Scheduled to Participate in Goldman Sachs U.S. Financial Services Conference - PDF, opens in a new window, Regions Financial to Announce Fourth Quarter and Full-Year 2022 Financial Results on Jan. 20, 2023, Regions Bank Increases its Prime Lending Rate, Regions Bank Announces Creation of Franchise Lending Team, Simpler Payments. BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF), the parent company of Regions Bank, on Friday announced it has entered into a definitive agreement to acquire Clearsight Advisors, Inc., a leading-edge mergers and acquisitions firm serving clients in the technology, professional services, data and information services, and digital and technology-enabled services industries. Regional banks are likely to be the first to combine as the industry starts to consolidate because regulators are unlikely to allow any major acquisitions among the Additional information about Regions and its full line of products and services can be found at www.regions.com. Clearsight Capital Advisors, Inc., a wholly owned subsidiary, is a registered member of FINRA & SIPC. Most megadeals closed in 2022 had been announced in 2021 but underwent regulatory scrutiny that in some cases stretched more than 14 months. Shares in Regions, which also soared three weeks ago amid heavy trading, rose $2.375 to $48 on volume of 634,600 shares, the third- most-active day for the stock in the past year. Regions will maintain Clearsights headquarters office in McLean, as well as business offices in New York City and Dallas, Texas. Brookfield Bancshares, Inc., Brookfield, Illinois; to become a bank holding company by acquiring the voting shares of First National Bank of Brookfield, Brookfield, Illinois. Practices, Structure and Share Data for the U.S. Offices of Foreign Acquisition to further expand Regions specialty capabilities and M&A advisory services. Youre about to leave Regions to use an external site. Infrastructures, International Standards for Financial Market Our entire team is enthusiastic about the combination and will be remaining with Clearsight to continue providing our world-class M&A advisory services. 205-264-7040, Regions News Online: regions.doingmoretoday.com Webmarket capitalization of $14 billion, and its banking operations will be headquartered in Birmingham. BankAmerica shares continued a torrid pace, rising $2 to $77.50, the third straight increase of more than $1 per share for the San Francisco- based bank. Regions did not return calls seeking comment. Wachtell, Lipton, Rosen & Katz . This message will not be visible when page is activated. 2023. Clearsight Advisors is an investment banking firm dedicated to driving the Knowledge Economy by providing world-class M&A and capital raising solutions exclusively to growth-oriented Business Services and Technology companies. To the maximum extent allowed by law, PCBB, its employees, partners, and vendors shall have no liability or responsibility whatsoever for any injury or damages whether direct, indirect, consequential, incidental, punitive or otherwise arising in connection with Bank Mergers and Acquisition matrix. The site that you are entering is operated or controlled by a third party that is unaffiliated with Regions. Monetary Base - H.3, Assets and Liabilities of Commercial Banks in the U.S. - The public portions of the applications and notices, as well as other related filings required by the Board, may be obtained on an expedited basis by contacting the appropriate Federal Reserve Bank; addresses are listed at the end of this release. Join over 85,000 subscribers who receive our newsletter every day. The combination of Clearsights sector-specific M&A and financial advisory services, and Regions extensive technology sector corporate finance, lending and capital markets solutions, represents a significant opportunity to deliver value for our collective client base. As the phony-accounts scandal is brewing in 2014, the executive who functions as the top cop inside Wells Fargo gets shown the door. The LifeGreen color is a trademark of Regions Bank. The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Keefe, Bruyette & Woods Inc. research director David Berry, however, downgraded the stock to "accumulate" from "buy," citing the rapid price rise over the last six weeks. Investments, Annuities, and Insurance Products, 2021 Supplemental Proxy Materials (March 31, 2021), https://www.businesswire.com/news/home/20220104005197/en/, Are Not Insured by Any Federal Government Agency, Are Not a Condition of Any Banking Activity. Over the last decade, Clearsight has grown to be an M&A advisory leader in the burgeoning knowledge economy. We have found the ideal partner in Regions Bank to help us enhance our client solutions while also building on the culture and team dynamic that have been a hallmark of Clearsight since its founding.. The US economic recovery following the 2007 to 2009 recession proved much longer and stronger than the downturn had been. Smith, Gambrell & Russell to have 400 attorneys after merger. The most common acquirer mentioned amid the current speculation is Wachovia Corp., which has long been rumored to be eyeing the $14 billion- asset company. Foreign Banks, Charge-Off and Delinquency Rates on Loans and Leases at New York, New York 10019-6150 . Holland & Knight LLP served as Clearsight Advisors legal counsel. The site that you are entering is operated or controlled by a third party that is unaffiliated with Regions. As a result, Regions is even better positioned to drive positive results for a wider range of clients as we build on our long-term growth.. DTTL (also referred to as "Deloitte Global") does not provide services to clients. With two notable exceptions, the largest bank M&A transactions also shrank in value considerably. Forward-looking statements are based on managements expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. 2023 banking and capital markets M&A outlook: Volatility seeds opportunity has been saved, 2023 banking and capital markets M&A outlook: Volatility seeds opportunity has been removed, An Article Titled 2023 banking and capital markets M&A outlook: Volatility seeds opportunity already exists in Saved items. Advisory Services are offered through Cetera Investment Advisers LLC. Comments regarding the applications and notices must be received in writing at the Reserve Bank indicated, or at the Board of Governors, no later than the end of the public comment period. Banking was hardest hit among the three sectors of banking and capital markets (B&CM) last year. Credit card issuers say they need more time to respond to the substantial data request made by the Consumer Financial Protection Bureau in its proposal to slash late fees. The privacy policies and security at the linked website may differ from Regions privacy and security policies and procedures. Dana Nolan 2023 Regions Bank. Through this page you can find experienced Credit card issuers say they need more time to respond to the substantial data request made by the Consumer Financial Protection Bureau in its proposal to slash late fees. Partners is also being incorporated into Regions Banks Capital Markets division knowledge.! Being incorporated into Regions Banks Capital Markets ( b & CM ) last year foreign Banks, Charge-Off Delinquency. On any forward-looking statements, which speak only as of the date made largest Bank &! To be an M & a transactions also shrank in value considerably in. 642 million acquisition of rival Century Bank announced late Wednesday in value.! 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