Regions Names Mortgage Chief

Regions Financial Corp., Birmingham, Ala., has announced that David H. Rupp will join the company on May 19 as senior executive vice president and head of consumer services, which includes its mortgage business. Mr. Rupp, who had been the sales, service, and execution executive for Bank of America's global consumer and small business bank, will lead Regions' consumer banking and mortgage lines of business, its largest business segment by revenue. He will also be a member of Regions' Executive Council, its highest-level management committee. Mr. Rupp succeeds Candice Bagby, who is retiring after a 38-year banking career. Ms. Bagby will remain with the company through a transition period. Mr. Rupp, 44, led BoA's home equity business and was previously its chief financial officer for consumer real estate. He has also worked for Wachovia Bank as controller for consumer products and structured products.