Regions Bank Gives Brass $5.3M In Stock Options

by The Associated Press

Published: Wed, March 04, 2009 - 5:58 pm CST

BIRMINGHAM, Ala. (AP) - Birmingham-based Regions bank has
awarded its top nine executives $5.3 million in restricted stock
and options. That action came two days before Regions suspended its
matching contribution to the 401(k) retirement plans of its 6,000
employees.
The bank awarded Chief Executive Officer Dowd Ritter 972,000
shares of stock and the right to buy 1 million more. Eight other
managers received lesser amounts as part of a long-term
incentive-pay program approved by the board last week.
An AFL-CIO union investment official, Dan Pedrotty union,
blasted the board's action. He said it shows executivesthink real
retirement is too expensive for everyone but themselves.
The restricted stock is not available for a set time and only if
the stock rises to a set price.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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rosepetal Says:

Thu, Mar 05, 2009 at 4:00 pm

ok thanks.

Razorsharp Says:

Thu, Mar 05, 2009 at 2:09 pm

Rose,
Go to the forums topics page, then click GENERAL Discussion…scroll down and you will see the topic heading “Regarding your money…”

rosepetal Says:

Thu, Mar 05, 2009 at 2:01 pm

The “bail-out” money is financing something far more sinister than you could even imagine.

ok razorsharp in simple terms and because i could not find the topic. what is it? i know something has to be going on.

Razorsharp Says:

Thu, Mar 05, 2009 at 1:49 pm

Please, I implore you, read my post in the forums under: REGARDING YOUR MONEY…

Razorsharp Says:

Thu, Mar 05, 2009 at 1:48 pm

ONE BIG BANK? Does anyone not realize that we already have one big bank? Yes…it is a criminal institution called The Federal Reserve, and it is no more “Federal” than “Federal Express”... The wool is being pulled over our eyes and we are all being led like lambs to the slaughter. The “bail-out” money is financing something far more sinister than you could even imagine. Think about it. If we have given all of these banks all of this money to save the economy, and yet things have just continued to get worse, where do you think that money went? Certainly NOT into our economy. No my friends, what you are seeing on t.v. is smoke and mirrors fueled by a “doomsday” media to keep the panic going so that no one questions where the money went. We are all good little pets…behaving exactly like they want us to. OPEN YOUR EYES my friends!

rosepetal Says:

Thu, Mar 05, 2009 at 1:23 pm

oh i do not know, we had an account with regions and stock in wachovia, they are buying and selling so fast who knows. wachovia i thought was tied to citi group then i get a check from wells fargo. now the guy on tv said they should all merge and have one big bank.

BamaBob Says:

Thu, Mar 05, 2009 at 1:12 pm

Regions got into an anti-trust situation when it merged with AmSouth. To make the deal work they sold off 39 branches to RBC.

RBC Centura To Acquire 39 Bank Branch Offices In Alabama

Posted: Nov 1, 2006

RALEIGH, N.C. — RBC Centura is expanding its footprint in the southern United States for the second time in four months with a deal that could have cost more than $2.5 billion, according to one analyst.

The Raleigh-based subsidiary of Royal Bank of Canada said Wednesday evening that it was acquiring 39 branch offices of AmSouth Bank in Alabama. AmSouth agreed to sell the branches in order to receive federal regulatory approval for a merger with Regions Financial Corp. Both AmSouth and Regions are based in Birmingham, Ala.

rosepetal Says:

Thu, Mar 05, 2009 at 1:05 pm

In May 2006, Regions and Birmingham-based AmSouth Bancorporation announced plans to merge. Shareholders of each company approved the transaction in October and on November 4, 2006, the merger of Regions and AmSouth was completed. As a result, Regions Financial Corporation is now one of the top bank holding companies in the United States with approximately $144 billion in assets.

rosepetal Says:

Thu, Mar 05, 2009 at 12:53 pm

i could be wrong, but i think royal canadian bank bought both of course i just found out wells fargo bought wachovia.

BamaBob Says:

Thu, Mar 05, 2009 at 12:45 pm

I think Regions bought AmSouth and then turned around and sold some of those branches to RBC (Royal Bank of Canada).

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