Regions Financial Corp (NYSE:RF) has revealed in a filing last week that it already agreed upon a payment, the amount of which is not disclosed, for the settlement of an investigation involving its mortgage loans insured by the Federal Housing Association (FHA). The company has also guaranteed that the settlement will not affect its cash flows nor further earnings reports.
New Region Insurance Group, Inc. CEO and President
Regions Financial has also recently appointed Rick Ulmer as the new Region Insurance Group CEO and President, replacing Current Coco. Consequently, Ulmer, bringing about three decades of financial experience, will oversee the overall operations of Regions Insurance Group, Regions Financial subsidiary and Regions Bank affiliate, in 10 states.
Bill Ritter, Regions Wealth Management Head, believes that his leadership will help strengthen the subsidiary as it strives for growth, citing that Ulmer has been one of the company’s key players since joining Regions Insurance three years ago.
Ulmer also served as Marsh USA Managing Director and The MMI Agency, Inc. President.
Regions Insurance provides insurance services and risk management solutions with a growing network of more than 700 professionals under its operations.
Savoy Magazine Recognizes Regions Financial Directors
Savoy Magazine has included Carolyn Byrd and John Maupin, Jr., Regions Financial directors, in its coveted Power 300: 2016 Most Influential Black Corporate Directors list.
Byrd, Regions Financial Board of Directors Audit Committee Chairperson, and GlobalTech Financial LLC Chairman and CEO, joined the company six years ago. Meanwhile, Maupin, Jr., a member of the Regions Financial Board of Directors Audit Committee and Nominating and Corporate Governance Committee, and Regions Community Development Corporation Chairperson, will already be celebrating his 10th year with the company next year.
The list features the top 300 accomplished and best-performing members of the board of directors of public companies who are African-American by nature. L.P. Green, II, Savoy Magazine CEO, boasted that the magazine is committed to recognizing and celebrating the successes of African-Americans in the corporate world.