Role Expansion For Jeff Rabren At Regions Financial Corporation (NYSE:RF)

Posted by Steve Raasch October 11, 2013 0 Comment 1472 views

A former Alabama legislative-aide, Jeff Rabren will now have to handle Regions Financial Corporation (NYSE:RF) work to his existing job role. Rabren is currently the head of State & Governmental affairs for the bank and he will now also head the economic development department. His job will be to create new jobs and boost growth in the bank’s home state.

The 2 tasks

Both these roles that Rabren will now handle are intertwined and he hopes that the bank will be able to work with non-profit organizations and government agencies to make Alabama more business-conducive state. Rabren said that Regions Financial Corporation (NYSE:RF) is working with numerous state economic development organizations, local commerce chambers and the Governor, Robert Bentley’s office.

Regions Financial Corporation (NYSE:RF)’s bankers provide companies with credit and the expertise to help them expand or move into Alabama. However, Rabren said that his job will cover all this and more.

Thursday’s trading

In Thursday’s trading, Regions Financial Corporation (NYSE:RF) rose by 2.05%. The opening price of the shares was $9.42, which climbed to an intraday high of $9.55 and dipped to a close of $9.47. Approximately 25.18 million shares were traded on Thursday while an average volume of 14.52 million shares were traded over a 30 day period. The 52-week low of Regions Financial Corporation (NYSE:RF) shares is $6.18 and its 52-week high is $10.52. The company has a market capitalization of $13.22 billion.

About the company

Regions Financial Corporation (NYSE:RF) is a financial-holding company. It operates right across Texas, the South and Midwest. Regions Financial Corporation(NYSE:RF) provides traditional retail, commercial and mortgage-banking services, as numerous other  financial-services in the asset management, investment banking, mutual funds, trust, insurance, securities brokerage as well as other specialty financing. Regions Financial Corporation (NYSE:RF) conduct’s all its banking operations via a commercial bank- Regions Bank.

About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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