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Form 8-K REGIONS FINANCIAL CORP For: Nov 01

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November 1, 2016 4:39 PM EDT


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): November 1, 2016

REGIONS FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)

 
 
 
 
 
DELAWARE
 
001-34034
 
63-0589368
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
1900 FIFTH AVENUE NORTH
BIRMINGHAM, ALABAMA 35203
(Address, including zip code, of principal executive office)
 
Registrant’s telephone number, including area code: (800) 734-4667

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐ 
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 





ITEM 8.01     Other Events.

On November 1, 2016, Regions Financial Corporation ("Regions" or the "Company") announced that the Company's Board of Directors has authorized a $120 million increase to the Company's previously announced common stock repurchase program, from $640 million to $760 million. Regions has received a non-objection from the Board of Governors of the Federal Reserve System with respect to the $120 million increase in stock repurchase authorization under Regions' capital plan. As previously announced, the Company's common stock repurchase program permits repurchases through the end of the second quarter of 2017. A copy of the press release relating to this announcement is attached as Exhibit 99.1 and incorporated by reference under this Item 8.01.


ITEM 9.01    Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Index

Exhibit No.    Exhibit

99.1        Press Release dated November 1, 2016





SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
REGIONS FINANCIAL CORPORATION

 
By:     /s/ Fournier J. Gale, III
Name:    Fournier J. Gale, III
Title:    Senior Executive Vice President,
General Counsel and Corporate
Secretary

Date: November 1, 2016


newsreleaselogo1a01.jpg

EXHIBIT 99.1

Media Contact:                        Investor Relations Contact:
Evelyn Mitchell                        Dana Nolan
205-264-4551                            205-264-7040
www.regionsbanknews.com
Regions News on Twitter: @RegionsNews

Regions Financial Corp. Announces $120 Million Increase in Stock Repurchase Authorization

BIRMINGHAM, Ala. - November 1, 2016 - Regions Financial Corporation (NYSE: RF) announced that the Company’s Board of Directors has authorized a $120 million increase to the Company’s previously announced common stock repurchase program, from $640 million to $760 million. Regions has received a non-objection from the Board of Governors of the Federal Reserve with respect to the $120 million increase in stock repurchase authorization under the Company’s capital plan. As previously announced, the authority granted under the stock repurchase program expires on June 30, 2017. While the Company expects to complete the stock repurchases in the authorized period, the timing and exact amount of the repurchases will be based on market conditions and other factors.

###

About Regions Financial Corporation
Regions Financial Corporation (NYSE: RF), with $125 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, wealth management, mortgage, and insurance products and services.  Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,600 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.



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