On Wednesday, Shares of Regions Financial Corp (NYSE:RF), gain 5.42% to $9.24.
Regions Bank has named Julz Burgess head of its Corporate Trust Group. Burgess will provide planned direction for Regions Corporate Trust with an emphasis on business development, client service and retention. Burgess will also manage Regions Institutional Services’ Escrow business.
Burgess has more than 24 years of experience in the corporate trust area and joins Regions from Bank of New York (BNY) Mellon Trust Company where she most recently served as Managing Director of the U.S. Corporate Finance Client Service Administration team. She will report to John Parker, head of the Institutional Services Group within Regions Wealth Administration, replacing Kevin Kirby, who recently stepped down from Regions.
“Julz has a diverse and extensive background in the corporate trust arena and I’m happy that she has joined my leadership team,” said Parker. “Regions Corporate Trust plays an integral role assisting municipalities and corporations access capital. Under Julz’ leadership, we will work to serve more existing Regions banking clients and engage new clients.”
“Regions Corporate Trust has a solid reputation and distinguished history of assisting clients find the solutions they need,” said Burgess. “I look forward to working with our trust associates to expand the reach of the corporate trust group while taking a deliberate and planned approach, ongoing to provide the best solutions to meet client needs.”
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
Shares of American Homes 4 Rent (NYSE:AMH), inclined 0.26% to $15.44, during its last trading session.
American Homes 4 Rent, posted the revised “Home Price Appreciation Factor” and “Home Price Appreciation Amount” through June 30, 2015, as those terms are defined in the final prospectuses for the Company’s 5% Series A, 5% Series B and 5.5% Series C Participating Preferred Shares (NYSE: AMHPRA, AMHPRB and AMHPRC). The computations of these amounts are based on the results of the House Price Index of the Federal Housing Finance Agency, or FHFA, known as the Quarterly Purchase-Only Index, or POI, specifically the non-seasonally adjusted “Purchase-Only Index” for the “100 Largest Metropolitan Statistical Areas” as of June 30, 2015, which was released August 25, 2015.
Based on the weighting among our top 20 markets established under the terms of our 5% Series A and 5% Series B Participating Preferred Shares, cumulative home price appreciation for the period from June 30, 2013, to June 30, 2015, was 14.03%, resulting in a Home Price Appreciation Factor of 7.01%. The Home Price Appreciation Amount on our 5% Series A and 5% Series B Participating Preferred Shares through June 30, 2015, was $1.753.
Additionally, based on the weighting among our top 20 markets established under the terms of our 5.5% Series C Participating Preferred Shares, cumulative home price appreciation for the period from December 31, 2013, to June 30, 2015, was 11.07%, resulting in a Home Price Appreciation Factor of 5.53%. The Home Price Appreciation Amount on our 5.5% Series C Participating Preferred Shares through June 30, 2015, was $1.384.
American Homes 4 Rent is a real estate investment trust. The firm engages in the acquisition, renovation, leasing, and operating single-family home rental properties in the United States. American Homes 4 Rent was founded in 2012 and is based in Malibu, California.
Finally, General Growth Properties Inc (NYSE:GGP), ended its last trade with 3.33% gain, and closed at $25.75.
General Growth Properties Inc, declared that its Board of Directors authorized an enhance of $500 million to the Company’s existing share repurchase program (the “Program”). Together with amounts formerly authorized that have not been used for repurchases, the Company has about $600 million accessible for repurchases under the Program. The Program has no expiration date.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.
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