Regions Bank officials announced this morning that Keith Herron has been named regional president for the state of Tennessee, and that Nashville is now the company’s formal headquarters for state operations.
Rusty Stephenson, the current Tennessee president, is retiring at the end of this year.
State operations for Regions had previously been based in Memphis, though AmSouth, which was recently purchased by Regions, had headquartered state activities here. A spokesperson for Regions said the bank’s decision to base state operations here, rather than in Memphis, was made during the merger and only formally announced this morning.
The 43-year-old Herron has worked with Regions since 1988, and lived in Nashville for the last four years. Jim Schmitz, a veteran of the company, will fill Herron’s old position as head of Middle Tennessee operations.
Herron serves on the boards of the Nashville Area Chamber of Commerce, Boy Scouts of America, United Way of Middle Tennessee, Cheekwood and the Adventure Science Center.
Regions is currently the banking market leader in Middle Tennessee, with $7.4 billion in deposits – 24 percent of area market share – as well as 122 branches and approximately 2,000 employees. In Tennessee, Regions has more than 350 branches in 62 of Tennessee’s 95 counties.
For more information, see tomorrow’s The City Paper.