Clearsight also delivers strategic financial advisory and consulting capabilities. View the full release here: https://www.businesswire.com/news/home/20220104005197/en/, The acquisition expands Regions mergers-and-acquisitions advisory capabilities into the technology industry. Why? Regions Bank Regions, the Regions logo and the LifeGreen bike are registered trademarks of Regions Bank. Bloomberg Daybreak Asia. Regions will maintain Clearsights headquarters office in McLean, Virginia, as well as business offices in New York City and Dallas, Texas. The operations of Regions and SunTrust overlap significantly in Tennessee and Florida. Dealmaking has slowed this year amid the highest inflation in 40 years, soaring interest rates and a struggling stock market. 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. To stay logged in, change your functional cookie settings. Addresses for comments differ from those for information requests. Web04/27/2022: Capital City Bank Group, Inc., Tallahassee, Florida; through its subsidiary bank, Capital City Bank, Tallahassee, Florida, to indirectly acquire an equity interest in Please enable JavaScript to view the site. Foreign Banks, Charge-Off and Delinquency Rates on Loans and Leases at Bernard Bennett Banks, Evanston, Illinois, as trustee of a to-be-formed voting trust, Miami, Florida, for the benefit of Stephen Calk, Miami, Florida; to acquire voting shares of National Bancorp Holdings, Inc., and thereby indirectly acquire voting shares of The Federal Savings Bank, both of Chicago, Illinois. Since mid- February, the bank's price has soared 15%. Credit quality has demonstrated incredible resiliency and continues to exceed our expectations, Regions CEO John Turner said on a call with analysts Friday. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The Treasury will join with a group of Federal Reserve and other agencies to develop standards that they hope will shape both foreign CBDCs and a U.S. government digital dollar, should Congress authorize one. Arbitragers who have short position in Regions in hopes of locking in a profit on its purchase of Gainesville, Ga.-based First National Bancorp may be covering their short positions as the closing date of the deal approaches, said Darren Short, a bank analyst with Robinson- Humphrey Co. At Feb. 15, 869,713 shares of Regions were sold short. Exceptional organizations are led by a purpose. An acquisition of Memphis-based Union Planters in 2004 was followed by a merger with cross-town rival AmSouth in 2006. Over the last decade, Clearsight has grown to be an M&A advisory leader in the burgeoning knowledge economy. Additional information about Regions and its full line of products and services can be found at www.regions.com. On the Go. Social login not available on Microsoft Edge browser at this time. Performance & security by Cloudflare. Houlihan Lokey represented Regions in connection with the Clearsight Advisors transaction, and Moore & Van Allen PLLC served as Regions legal counsel. Boston has seen a concentration of merger-related activity this year, with four deals announced in as many months. "In 2020, not surprisingly, there was a major drop off in transactions. On the Go. Regions Financial assumes no obligation to update or revise any forward-looking statements that are made from time to time. Factors that could cause Regions Financials actual results to differ from those described in the forward-looking statements herein include: delays in closing the Clearsight Advisors transaction; 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. Checks), Regulation II (Debit Card Interchange Fees and Routing), Regulation HH (Financial Market Utilities), Federal Reserve's Key Policies for the Provision of Financial You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Webmarket capitalization of $14 billion, and its banking operations will be headquartered in Birmingham. Investments, Annuities, and Insurance Products, 2021 Supplemental Proxy Materials (March 31, 2021), Regions Financial to Announce Fourth Quarter and Full-Year 2022 Financial Results on Jan. 20, 2023 - PDF, opens in a new window, Regions Bank Increases its Prime Lending Rate - PDF, opens in a new window, Regions Bank Announces Creation of Franchise Lending Team - PDF, opens in a new window, Simpler Payments. Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue N.W., Washington, DC 20551, Transcripts and other historical materials, Federal Reserve Balance Sheet Developments, Community & Regional Financial Institutions, Federal Reserve Supervision and Regulation Report, Federal Financial Institutions Examination Council (FFIEC), Securities Underwriting & Dealing Subsidiaries, Types of Financial System Vulnerabilities & Risks, Monitoring Risk Across the Financial System, Proactive Monitoring of Markets & Institutions, Responding to Financial System Emergencies, Regulation CC (Availability of Funds and Collection of Excluding 2020, bankingM&A volume in 2022 slumped to its lowest level in six years. Strategically, we were seeking a partner that would help us expand our ability to provide a more fulsome suite of services and capital options for our growing client base, while identifying the right culture match for our team. Jan 24, 2023, 12:07 pm EST. We are thrilled to be joining forces with Regions Bank to expand services and capital raising options for our clients, said Clearsight Co-Founder and CEO Joel Kallett. 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. The merger of Columbia and Umpqua has created a $52 billion-asset bank rooted in the Pacific Northwest. The bank merger market is hot, but Regions has no intention to selling, according to Chief Financial Officer David Turner. You should not place undue reliance on any forward-looking statements, which speak only as of the date made. 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. Regions does not monitor the linked website and has no responsibility whatsoever for or control over the content, services or products provided on the linked website. B&CM winners will recognize that M&A has entered a very different world, with lowered valuations and evolving ownership models. Citizens Financial Group, which has offered point-of-sale financing for iPhones sold through Apple since 2015, is finding that as objects such as refrigerators become more complex and internet-connected, they are also more frequently replaced creating new categories for installment lending. Learn more about how our products and services can support your M&A plans and keep your customers happy with the latest leading-edge technology facilitating settlement, international payments, risk management, loan pricing, and lending solutions. Jeremy D. King In a year when companies need to make choices, the most successful companies will most likelybe those that recognize 2023 is not a time for inactivity. Fullwidth SCC. 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. Through this page you can find experienced (Photo: Business Wire). What to include in your planning? Commercial Banks, Senior Loan Officer Opinion Survey on Bank Lending 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 $156.1 billion-asset company completed its purchase of home-improvement lender Enerbank USA earlier this month, adding about $3.1 billion in loans. Clearsight Capital Advisors, Inc., a wholly owned subsidiary, is a registered member of FINRA & SIPC. 1841 et seq. 205-264-4551, Investor Relations Contact: Download the full 2023 banking and capital markets M&A outlook to explore all the critical insights. We revisit the idea with our board every year and just come to the conclusion that we can generate a top return for shareholders by focusing on our plan, he said. But Mr. Coffey, noting that Regions' and Wachovia's territories do not overlap significantly, thinks a merger between the Alabama bank and Atlanta's SunTrust Banks Inc. makes more sense. Gain perspectives and insights from some of Deloittes other industry analyses. If youd like to talk more about banking mergers and acquisitions activity and how your organization can thrive in 2023, lets set up a conversation. Through extensive sector knowledge, Clearsight delivers independent mergers-and-acquisitions advisory services to entrepreneurs, companies, and institutional investors that are active in the high-growth global knowledge economy. This release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, which reflect Regions Financials current views with respect to future events and financial performance. Youre about to leave Regions to use an external site. View source version on businesswire.com: https://www.businesswire.com/news/home/20220104005197/en/, Media Contact: Please search by entering criteria below. 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. Regions Bank Launches Business Travel Solution for Corporate Banking Clients, Regions Next Step Survey Finds Many Americans Arent Prepared for Medical Expenses, Regions Bank Launches Multi-Assets Solutions Group, Combining Investment Research Strengths of Regions and Highland Associates, Regions Bank Introduces Tuition-Free Education Benefits to All Associates through Guild, Regions Bank Named Military Friendly Employer and Military Spouse Friendly Employer, Expanding Financial Inclusion: Regions Bank Announces ATM Agreement with Community Development Financial Institutions, Regions Financial Scheduled to Participate in Goldman Sachs U.S. Financial Services Conference, Are Not Insured by Any Federal Government Agency, Are Not a Condition of Any Banking Activity. WebJanuary 18, 2022 . Citizens Financial Group, which has offered point-of-sale financing for iPhones sold through Apple since 2015, is finding that as objects such as refrigerators become more complex and internet-connected, they are also more frequently replaced creating new categories for installment lending. This release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, which reflect Regions Financials current views with respect to future events and financial performance. Even so, more can be done. 205-264-7040, Regions News Online: regions.doingmoretoday.com Our strategic plan at Regions includes identifying areas where we can expand specialty capabilities to offer more solutions to clients while growing our customer base, said David Turner, chief financial officer for Regions Financial Corp. Regions agreement to acquire Clearsight Advisors, as well as our acquisitions of Sabal Capital Partners, home improvement lender EnerBank, Ascentium Capital, and others, reflect this strategy in action. 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. For over 25 years, PCBB has filled those shoes offering competitive correspondent banking services, lending solutions, international services, advisory services and much more. 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.. This box/component contains JavaScript that is needed on this page. WebFind Mergers and Acquisitions Law Lawyers in Brea, CA Welcome to the U.S. News Lawyer Directory powered by Best Lawyers . Our US bank mergers and acquisitions table below allows you to scroll, sort, print and export the relevant merger activity. 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. One of the challenges for executives this year will be to manage the current economic slowdown while positioning their businesses to thrivein the future. The next-largest deal, Provident Financial Services, Inc.s purchase of Lakeland Bancorp, Inc., was for $1.3 billion. Regions Financial assumes no obligation to update or revise any forward-looking statements that are made from time to time. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Services, Sponsorship for Priority Telecommunication Services, Supervision & Oversight of Financial Market The legislation cleared the panel Tuesday night, but Democratic misgivings mean it faces an uphill climb in the Senate. We reference and link to third party information that we verify to the best of our abilities, but do not guarantee its accuracy. From August 2018 through July 2021, Regions charged customers surprise overdraft fees on certain ATM withdrawals and debit card purchases. The site that you are entering is operated or controlled by a third party that is unaffiliated with Regions. Securities and insurance products are offered through Cetera Investment Services LLC, member FINRA/SIPC. The legislation cleared the panel Tuesday night, but Democratic misgivings mean it faces an uphill climb in the Senate. WebBanking and Capital Markets (B&CM) mergers and acquisitions (M&A) activity is firing on all cylinders after impressive increases in deal volume and value in 2021. 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