EnerBank begins transition to Regions Bank name after acquisition

regional bank, a subsidiary of Regions Financial Corp., has completed the acquisition of a home improvement lender EnerBank USA. EnerBank employees join Regions as part of the Consumer Banking Group.

Regions is accelerating its strategy to serve as a premier homeowner lender. With a customer base spanning the United States, EnerBank serves contractors and homeowners through a range of loan programs and financing solutions that support a wide variety of home improvement needs.

“The addition of EnerBank’s exceptional team and advanced technology will help regions deliver even more value to customers seeking convenient, competitive solutions to efficiently finance home improvement needs,” said Scott Peters, senior executive vice president and head of the Consumer Banking Group for Regions. “Over the past few years, we’ve seen tremendous demand, not just for mortgage and refinancing solutions, but also for new options to fund people’s home upgrades. The services provided by EnerBank will enable Regions to offer a more complete range of options as part of our focus to be the premier lender for homeowners.”

Since 2002, Salt Lake City-based EnerBank has provided industry-leading home improvement loan programs not only to US-based contractors, but also to strategic enterprise-level partners in the home improvement industry. A pioneer in specialty home improvement loans, EnerBank has partnered with hundreds of loan program sponsors, including thousands of home improvement contractors, who have served more than one million homeowners and funded more than $12 billion in home improvement projects.

EnerBank will maintain its headquarters in Salt Lake City. EnerBank will continue to operate under the EnerBank brand in the coming months; however, contractors and sponsors can expect a gradual brand transition to regions over time.

News item from EnerBank

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