BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank, the primary banking subsidiary of Regions Financial Corporation (NYSE:RF), has hired Brian Tate to lead and expand the company’s Energy and Natural Resources group. Tate has been appointed executive vice president and group head of Energy and Natural Resources and executive managing director of Regions Securities LLC1, reporting to John Barton, executive vice president and head of Specialized Industries.
Under Tate’s leadership, Regions will grow its established energy specialized practice group to provide financing, capital markets and strategic solutions to energy companies operating in the upstream, midstream, and downstream segments of the energy industry from offices in Charlotte, N.C.; Houston, Texas; and Jackson, Miss. Additionally, the group will actively cover energy and utility companies operating in the power generation, electric transmission and distribution, natural gas, water, propane, coal, renewable energy and infrastructure segments. Kelly Elmore, managing director focused on the exploration and production sector, will continue to play a leadership role in the Houston office.
“Regions is committed to the energy and power industries and hiring Brian to lead the expansion of our energy and natural resources platform is a key step forward for us and especially for our clients,” Barton said. “Brian’s talent and experience will strengthen our ability to provide value-added solutions to our clients and we are extremely excited to have him on our team.”
Tate joins Regions following a distinguished 24 year career as an energy specialist focused on corporate finance advisory and capital raising in the loan syndications, debt and equity capital markets for companies operating in the energy and power industries. For the past 18 years, Tate served as managing director in the Energy and Power Investment Banking Group for Wells Fargo Securities, where he was instrumental in building the power and utilities practice from its inception. Tate started his banking career at Chase Manhattan Bank in New York serving in the Global Energy, Global Power and Project Finance Groups prior to joining a predecessor to Wells Fargo Securities in 1996. He has also served as an officer in the U.S. Army and Army Reserve. He received a bachelor’s degree in economics and business from Virginia Military Institute and an MBA from New York University.
Since 2008, Regions has expanded its banking and capital markets services for specialized industries, including Energy, Healthcare, Restaurant, Defense and Government Services, Technology, Transportation, and Consumer Industry banking, with a focus on providing financing and strategic solutions to leading companies in growing and capital intensive industry segments.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $118 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,700 banking offices and 2,000 ATMs. Investment banking and business advisory services are offered through Regions Securities LLC. Member FINRA & SIPC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
1 Regions Securities LLC, a wholly owned subsidiary of Regions Financial Corporation, is a U.S. registered broker-dealer and a member of FINRA and SIPC. Tate will join Regions Securities LLC subject to completion of required regulatory clearance.