Cheatham’s retirement is effective at the end of this year. Joel
Stephens to succeed Cheatham as head of Corporate Banking.
Regions Financial Corp. (NYSE:RF) on Thursday announced that,
following a 34-year career in the financial services industry, Ward
Cheatham will retire as head of Corporate Specialized Banking and a
member of Regions’ Executive Leadership Team at the end of 2023.
Regions’ current head of Capital Markets, Joel Stephens, has been
named to succeed Cheatham, and the bank’s current head of Corporate
and Institutional Markets, Rit Amin, will succeed Stephens.
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Regions Financial Corp. (NYSE:RF) is
announcing that, following a 34-year career in the financial
services industry, Ward Cheatham (left) will retire as head of
Corporate Specialized Banking and a member of Regions’ Executive
Leadership Team at the end of 2023. Regions’ current head of
Capital Markets, Joel Stephens (center), has been named to succeed
Cheatham, and the bank’s current head of Corporate and
Institutional Markets, Rit Amin (right), will succeed Stephens.
(Photo: Business Wire)
Cheatham joined Regions in 1996 as a Commercial Real Estate
executive. Throughout his time at Regions, he served in a variety
of leadership roles across the Corporate Banking Group, including
division executive for Commercial and Industrial Lending, Capital
Markets, Leasing, Healthcare and Asset-Based Lending. In addition,
he served as head of Commercial Middle Market and Treasury
Management Sales.
“Throughout his time with Regions, Ward Cheatham has made a deep
impact by building strong teams that have enhanced and diversified
our capabilities as a leading financial services provider,” said
Ronnie Smith, head of the Corporate Banking Group for Regions Bank.
“As a result of Ward’s strategic guidance, Regions has strengthened
how we deliver specialty banking capabilities and localized
coverage for Corporate Banking clients. We appreciate Ward’s
service to Regions, and we wish him well in retirement.”
“At Regions, our focus is on providing industry expertise,
guidance and tailored financing solutions to meet our clients’
needs today and into the future,” Cheatham added. “It has been an
honor to be part of the Regions management team and to lead our
bankers, who are making a meaningful difference in the success of
many of today’s major employers. I am confident Regions’ Corporate
Specialized Banking teams will continue to grow and excel under the
direction of Joel Stephens.”
Stephens joined Regions in 2008 to lead the Real Estate Capital
Markets Group. He was named head of Capital Markets in 2019. During
his 15 years at Regions, Stephens has been instrumental in
expanding Regions’ services and solutions for Capital Markets
clients. Examples include growing specialized banking teams
managing HUD lending for multifamily and senior housing
developments, building greater agency lending solutions through
Fannie Mae and Freddie Mac, delivering Low-Income Housing Tax
Credit program services, and guiding Commercial Real Estate loan
syndication efforts.
Additionally, Stephens helped lead the integration of Sabal
Capital Partners into Regions Real Estate Capital Markets, an
acquisition expanding Regions’ work in small-balance Commercial
Real Estate lending through SNAP®, a technology-enabled platform
that automates and drives efficiencies across the life-of-loan
process, from loan origination through servicing.
“Our growth strategy centers on deepening client relationships
and connecting our clients with a team of local bankers who bring
deep industry and product expertise,” Stephens said. “Regions
understands the importance of listening to our clients, then
tailoring effective financing solutions to meet their strategic
objectives in all economic cycles. I’m incredibly excited to build
on the outstanding Corporate Banking platform Ward has
established.”
Amin is a veteran banker of nearly 30 years who joined Regions
in 2013 as head of Corporate and Institutional Markets. During his
decade-long tenure in this role, Amin has led teams providing
clients with advisory and capital-raising expertise across a
variety of industries and capital markets including loan, fixed
income and equity markets. Amin’s experience and insights have also
been key to the successful integration of acquired affiliates
BlackArch Partners in 2015 and Clearsight Advisors in 2021.
BlackArch Partners and Clearsight Advisors are advisory firms for
mergers and acquisitions that operate across multiple industry
sectors serving entrepreneurs and private equity clients. Under
Amin’s direction, Regions also expanded its
mergers-and-acquisitions corporate finance and advisory
capabilities for middle market and corporate clients.
“I am proud to build on our capital markets capabilities with
Regions’ continued focus on deepening client relationships instead
of taking a transactional approach,” Amin said. “We serve our
commercial, real estate, corporate and institutional clients with
teams that have experience in all capital markets conditions and
segments, and that expertise is critical to serving our clients. I
look forward to working with all our leaders across the Corporate
Banking group to drive market-based solutions to our clients,
thereby deepening Regions’ ability to meet the needs of our clients
today and into the future.”
“Joel Stephens and Rit Amin are proven leaders who are guided by
in-depth experience and a clear focus on delivering superior client
support,” Smith said. “I am confident that our teams will continue
to provide strong value and competitive solutions to clients across
all Corporate Banking divisions.”
Through its Corporate Banking Group, Regions serves public and
private companies while delivering lending, product, deposit
solutions and investment banking services. Cheatham, Stephens and
Amin will work collaboratively through the remainder of this year
on the transition process for these key leadership roles. The
leadership changes are effective Jan. 1, 2024.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $154 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, and mortgage products and services.
Regions serves customers across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,250
banking offices and more than 2,000 ATMs. Regions Bank is an Equal
Housing Lender and Member FDIC. Additional information about
Regions and its full line of products and services can be found at
www.regions.com.
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Media Contact: Jennifer Elmore Regions Bank (334)
240-1220 Regions News Online: regions.doingmoretoday.com Regions
News on Twitter: @RegionsNews
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