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Regions Bank buys home improvement lender

June 8, 2021 -  Regions Bank has agreed to buy home improvement lender EnerBank USA. EnerBank, based in Salt Lake City, supports homeowners and contractors through innovative products and digital financing solutions, a news release said. EnerBank currently is owned by CMS Energy Corp., which said in its own news release that Regions would pay $960 million in cash for EnerBank. Regions Bank is a subsidiary of Regions Financial Corp. (NYSE: RF), a $153 billion company headquartered in Birmingham, Alabama. Regions Bank is one of the largest retail banks in the Tampa-St. Petersburg area.

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