Regions Financial Corp. OK to issue dividends
BIRMINGHAM, Ala. — In the wake of its stress test for the nation’s banks, the Federal Reserve has notified Regions Financial Corporation (NYSE:RF) it does not object to the company’s capital plan and proposed capital actions for the coming 12 months through March 31, 2015.
Actions Regions may undertake include increasing the quarterly common dividend to $0.05 per share and potentially the repurchase of up to $350 million in common shares.
These proposed actions are subject to approval by the Regions board of directors.
“The outcome of the capital plan review demonstrates the strength of our company and our continued focus on prudently managing and growing our business,” said Grayson Hall, Regions’ chairman, president and chief executive officer.
“We believe this capital plan strikes an appropriate balance between preserving our ability to deploy capital in pursuit of organic loan growth and returning capital to shareholders, consistent with our strategic priorities.”
Regions, which operates in 16 states across the South and Midwest, has branches on Johnson Square in Savannah and in Hilton Head Island and Bluffton, S.C.
Cancer center finalist in community impact project
The Nancy N. and J.C. Lewis Cancer & Research Pavilion at St. Joseph’s/Candler has been selected as a finalist to receive two grants as part of the LIVESTRONG® Community Impact Project, which was created to bring proven cancer support programs to communities across the U.S.
Public online voting at vote.LIVESTRONG.org will determine who wins the grants.
The Lewis Cancer & Research Pavilion is a finalist for two grants of up to $15,600, one for an innovative music therapy program and another to train care givers to cope with the secondary trauma of their jobs.
Voting will end at 6 p.m. on April 11.
Tijuana Flats to open restaurant in Pooler
Tijuana Flats, which features made-to-order Tex-Mex dishes, will open a retaurant in Pooler Monday that will employ 40-50 people.
“We look forward to bringing our brand to Georgia for the first time,” said Brad Kaemmer, CEO for the Florida-based restaurant chain.
The 2,400-square-foot location at 405 Pooler Parkway will be the company’s first in Georgia and will accommodate more than 96 people.
A wall mural will display a Gulfstream jet as a nod to the aircraft factory located nearby.
To view the Tijuana Flats menu, visit www.tijuanaflats.com.
ON THE WEB
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