Regions Financial Corp. (NYSE:RF) announced today that it has realigned
its business units and geographical leadership, creating a General Bank,
which consists of the businesses that serve retail, wealth management,
and small business customers, and a Corporate Bank, which consists of
the businesses that serve middle-market and larger commercial clients.
John Owen, Head of Business Lines, has been named head of the General
Bank, and South Region President John Turner has been named head of the
Corporate Bank. Separately, John Asbury, who previously led the Business
Services Group, has resigned due to family considerations that require
relocation.
Bill Horton, the North Central Alabama Area President, will succeed
Turner as president of the South Region, which encompasses Alabama,
Mississippi, South Louisiana, and the Florida Panhandle, and he will
join the company’s Operating Committee and report to John Owen. Leroy
Abrahams, currently head of Strategic and Corporate Planning, has been
named North Central Alabama Area President, succeeding Horton.
“This realignment creates a more streamlined structure at the top of the
company and is a more effective model for executing our strategy,
managing our performance and serving our customers,” said Regions
Chairman, President and CEO Grayson Hall. “We appreciate John Asbury’s
leadership and six years of service to our company, and we understand
and respect his decision.”
Biographical information
John Owen
John Owen has served as head of Business Lines for Regions since 2012.
Previously he led Regions’ Consumer Services Group from 2009 to 2012 and
has also led Operations and Technology. Before joining Regions in 2007,
he served as chief executive officer of Assurant Specialty Property, a
Fortune 500 company based in Atlanta, Georgia. Owen began his service at
Assurant in 1998 as senior vice president of Information Technology. He
previously held the position of chief operating officer of Assurant’s
Property and Solutions Group and then was promoted to chief executive
officer. He graduated from Auburn University’s School of Engineering
with a bachelor’s degree in Aviation Management.
John Turner
John Turner has served as president of the South Region since 2011, when
he joined Regions. Turner was previously president of Whitney National
Bank and Whitney Holding Corporation and served on Whitney’s bank and
holding company Boards of Directors from 2008 until 2011. Turner joined
Whitney in 1994 as its Alabama regional president after serving in
senior consumer and business positions with AmSouth Bank. He holds a
bachelor’s degree in economics from the University of Georgia. He is a
former chairman of the Mobile Area Chamber of Commerce, former chairman
of the Mobile Area Education Foundation, a former chairman of the United
Way of Southwest Alabama, a graduate of Leadership Alabama and former
board member of Leadership Mobile.
Bill Horton
Bill Horton has served as North Central Alabama Area President since
2008. Horton joined the AmSouth Management Training Program in 1974 and
served throughout the bank’s branch system. He has managed several areas
in both Consumer and Business Services throughout his career including
the BankCard, Consumer Lending and Business Banking departments. He has
also managed the Consumer Loan and Deposit Product Management teams.
Horton organized and headed the bank’s Business Loan, Consumer Loan and
Direct Loan Centers along with the Home Equity Lending department. He
served as head of Mortgage Banking and Business Banking prior to leading
the Community Banking segment of Regions’ Business Services Group.
Horton holds a bachelor’s degree from Jacksonville State University in
Jacksonville, Alabama, and is a graduate of the Graduate School of
Banking at Louisiana State University. Horton is involved in a number of
community activities, including serving on the board of the Birmingham
Kiwanis Club, the Birmingham Educational Foundation, Railroad Park
Foundation, A. G. Gaston Boys and Girls Club, Birmingham Business
Alliance and the Lakeshore Foundation. He is past co-chair of the
Central Alabama United Way Campaign and Board Chair of REV Birmingham.
Leroy Abrahams
Leroy Abrahams has served as head of Strategic and Corporate Planning
since joining Regions in 2013. Abrahams previously worked for SunTrust
Banks Inc. as President and CEO of the Hampton Roads Region in Virginia.
In addition, he held roles as the retail banking executive and central
group retail line of business leader. Before joining SunTrust, Abrahams
held the position of consumer banking manager in eastern Tennessee for
Regions Bank. Abrahams graduated from Texas Christian University with a
Bachelor of Business Administration degree and a major in Finance.
Abrahams has served on a variety of nonprofit boards in the past
including: United Way of Greater Atlanta, The East Tennessee Economic
Development Association, The Knoxville Chamber Partnership, The Women’s
Haven, The Dogwood Arts Committee, and he was a United Way Allocations
Committee Chair.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $118 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.
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140616006449r1&sid=ntxv4&distro=nx&lang=en)
Copyright Business Wire 2014