Regions Financial (NYSE:RF) has named Jeff Rabren to manage economic
development initiatives for the company. Rabren’s initial focus will be
on programs that encourage capital investment and job creation in
Regions’ headquarters state of Alabama.
Rabren joined Regions in 2010 to manage state government affairs. In his
expanded role as senior vice president, State Government Affairs and
Economic Development, he will coordinate the company’s economic
development initiatives as the liaison to public, private and non-profit
economic development agencies.
“Jeff’s experience working with state and local governments and the
non-profit sector make him ideally suited to forge stronger connections
between our bankers and the economic development community,” said John
Turner, South Region president for Regions Bank. “Every day our bankers
work with companies large and small to provide both the capital and
financial guidance needed to strengthen and expand their operations.
When the public sector and private companies work together to generate
sustainable economic growth and create jobs, we all win.”
Earlier this year, Regions established a $1 billion loan pool to provide
economic development capital and spur business growth in Alabama.
Rabren’s appointment strengthens Regions’ commitment to supporting
economic development through community involvement, lending, and support
for the recruitment and retention of industry.
“As the state’s largest private-sector employer headquartered in
Alabama, and the only Fortune 500 company here, we have a unique
opportunity to serve our state and our communities,” said Rabren. “We
look forward to deepening our partnerships with the state Department of
Commerce, economic developers, chambers of commerce and others to
attract new business and industry to Alabama, while also helping
existing industries grow and thrive.”
Prior to joining Regions, Rabren served as director of legislative
affairs for former Alabama Gov. Bob Riley and legislative counsel in the
Washington, D.C., office of former U.S. Rep. Terry Everett (R-AL).
Rabren received his bachelor’s degree in accounting from the University
of Alabama and his law degree from the University of Alabama School of
Law. He is a member of the Board of Directors at Camp Smile-A-Mile,
Alabama’s program for children with cancer. He also serves on the Board
at Triumph Services, which helps adults with disabilities to live
independently.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $119 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 in 16 states across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,700
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.
Copyright Business Wire 2013