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Violation Tracker Individual Record

Company: Regions Bank
Current Parent Company: Regions Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $5,000,000
Year: 2014
Date: June 25, 2014
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: Regions Bank agreed to pay the Alabama Department of Banking $5 million for misconduct related to the process followed by the bank in the first quarter of 2009 for identifying and reporting non-accrual loans. This was part of a case in which the bank separately paid $46 million to the Federal Reserve; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Alabama State Banking Department
Civil or Criminal Case: civil
Facility State: Alabama
HQ Country of Current Parent: USA
HQ State of Current Parent: Alabama
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.