Regions Financial Corp., Birmingham, Ala., has decided to close its warehouse lending unit, a company spokesman confirmed Aug. 14.He said mortgage bankers that borrow from the division were sent letters last Friday. "We're trying to find lenders for those customers," he added. The group has outstanding lines of about $350 million. Roughly 30 employees are affected by the move. The bank is trying to place those workers in other jobs at Regions.
Regions Closing Warehouse Unit
August 15, 2007, 2:00 p.m. EDT 1 Min Read
