Regions Bank places $1B bet on home renovation market
Housing Wire
JUNE 8, 2021
Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors. It will maintain its headquarters in Salt Lake City.
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