BIRMINGHAM, Alabama – (COMMERCIAL THREAD) – Regions Financial Corp. (NYSE: RF), the parent company of Regions Bank announced on Tuesday that it has completed the acquisition of Clearsight Advisors, Inc. The acquisition expands Regions’ technology merger and acquisition (M&A) advisory capabilities.
Clearsight will be integrated into the Capital Markets division of Regions Bank. Over the past decade, Clearsight has built a solid reputation as a comprehensive M&A firm serving business clients in the fast growing global knowledge economy. Clearsight also offers advisory and strategic financial advisory services. The industries served by Clearsight include technology, professional services, data and information services, and digital and technological services industries.
“By embracing the experience and knowledge of Clearsight and its exceptional team, Regions Bank is in a better position to build on the holistic and consultative approach to service that we provide to clients looking to leverage their growth and advancing their business strategies, ”said Joel Stephens. , Head of Capital Markets for the Bank of Regions. “In addition to complementing and enhancing the advisory services provided by Regions Capital Markets, Clearsight is a tremendous cultural complement for the Regions. We share Clearsight’s innovative and customer-centric focus on meeting complex financial needs through in-depth market knowledge, close collaboration with our business partners, and a clear focus on delivering the optimal customer experience.
The regions will retain Clearsight’s headquarters in McLean, Virginia, as well as sales offices in New York and Dallas, TX.
“The response to the previous announcement of this transaction has already been overwhelmingly positive from our clients and employees,” said Joel Kallett, Co-Founder and CEO of Clearsight Advisors. “Our entire team is excited about the merger and will remain with Clearsight to continue to provide our world-class M&A advisory services. Several clients have contacted us to congratulate us and have already started to inquire about the additional solutions available through Regions Capital Markets. Together, Clearsight and Regions are now even better placed to extend our leadership position by advising leading growth companies in the knowledge economy.
The acquisition of Clearsight Advisors by the regions was officially closed on December 31, 2021. The terms of the acquisition were not disclosed.
The acquisition of Clearsight strengthens Regions Bank’s revenue diversification and follows the recent acquisition by Regions of Sabal Capital Partners, LLC. Sabal Capital Partners is also part of the Regional Capital Markets division. Both acquisitions reflect Regions’ strategic plan, which includes identifying areas in which the bank can expand its specialist capabilities by offering more solutions for existing clients while creating further growth by reaching new clients who prioritize additional services now offered by Regions Bank and its subsidiaries.
About the Regions Financial Company
Regions Financial Corporation (NYSE: RF), with $ 156 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of personal and commercial banking services, wealth management and mortgage products and services. Regions serves customers in the South, Midwest and Texas and, through its subsidiary, Regions Bank, operates more than 1,300 bank offices and approximately 2,000 ATMs. Regions Bank is an equal housing lender and member of the FDIC. Additional information about Regions and its full range of products and services is available at www.regions.com.
About Clearsight Advisors, Inc.
Clearsight Advisors is an investment banking firm dedicated to driving the knowledge-based economy by providing world-class M&A and capital raising solutions exclusively to business service and technology-focused companies. on growth. Clearsight combines in-depth market knowledge of software, services and data. Clearsight Capital Advisors, Inc., a wholly owned subsidiary, is a registered member of FINRA and SIPC. For more information on Clearsight, visit www.clearsightadvisors.com.
This press release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, which reflect Regions Financial’s current views regarding future events and financial performance. The words “future”, “anticipates”, “assumes”, “intends”, “plans”, “research”, “believes”, “predicts”, “. . . . . . . . “Targets”, “projects”, “prospects”, “foresee”, “would”, “will”, “could”, “could”, “could”, “should”, “could”, and similar expressions often mean forward forward-looking statements. Forward-looking statements are not based on historical information, but rather relate to future operations, strategies, financial results or other developments. Forward-looking statements are based on management’s expectations and on certain assumptions and estimates made by management and on information available to it at the time the statements are made. These statements are based on general assumptions and are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from the opinions, beliefs and projections expressed in these statements. If the underlying assumptions prove to be incorrect or if unknown risks or uncertainties arise, actual results could differ materially from those projections or expectations. Factors that could cause Regions Financial’s actual results to differ from those described in these forward-looking statements include: synergies, cost savings and other financial or other benefits of the Clearsight transaction may not be realized in deadlines expected or could be shorter than expected; difficulties in integrating Clearsight’s activities; the continuing or potential effects of the COVID-19 pandemic and associated variations and changes on the business, financial condition and results of operations of Regions Financial; and the risks identified in Regions Financial’s annual report on Form 10-K for the year ended December 31, 2020, and subsequent filings with the Securities and Exchange Commission. However, these risks and uncertainties are not exhaustive. Other sections of these documents describe additional factors that could affect the business, financial performance and completed acquisition transactions of Regions Financial, including the Clearsight transaction. You should not place undue reliance on forward-looking statements, which speak only as of the date they are posted. Regions Financial assumes no obligation to update or revise any forward-looking statements that are made from time to time.