Tags: regions | bank

Regions Financial Plans $900 Million Stock Sale

Tuesday, 13 Mar 2012 07:24 PM

Regions Financial Corp. plans to sell $900 million of its common stock to help repay $3.5 billion of federal bailout funds.

Regions said the action was included in its capital plan submitted as part of the Federal Reserve’s stress tests, the Birmingham, Alabama-based lender said Tuesday in a statement. The Fed didn’t object to the bank’s capital plans, the company said.

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