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Regions Financial to Acquire Clearsight Advisors to Expand Capabilities in Capital Markets Division.

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MANews-(C)2009-2021

Alabama, US-based Regions Financial Corp. (NYSE: RF), the parent company of Regions Bank, has agreed to to acquire Virginia-based mergers and acquisitions firm Clearsight Advisors, Inc., to expand capital markets division, the company said.

Regions' acquisition of Clearsight is expected to close by the end of 2021 subject to satisfaction of customary closing conditions. Terms were not disclosed.

The acquisition represents another avenue for the bank to broaden its speciality capabilities for existing technology sector clients while reaching new clients that can leverage Regions' experience and resources to help them reach their financial objectives.

The acquisition is the latest example of Regions building additional revenue diversification by delivering more high-value, fee-based financial services and originations.

The agreement to acquire Clearsight Advisors follows the recent completion of Regions' acquisition of Sabal Capital Partners, LLC, a diversified financial services firm...

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