Regions Financial launches and prices new preferred stock offering; plans to redeem Series B preferred

REGIONS FINANCIAL CORP

Launched and priced a proposed public offering of a new series of preferred stock on July 22, 2024.
Intends to use net proceeds to redeem all outstanding shares of its 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B.
Redemption of Series B targeted for September 16, 2024, if the offering closes.
No assurance that the offering will close or that redemption will occur.

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