Bank / Credit Union

Regions Financial acquires EnerBank

October 14, 2021

Regions Financial Corp. has acquired EnerBank USA, a home improvement lender through its subsidiary Regions Bank. EnerBank offers loan programs and financial solutions for homeowners and contractors for a variety of home improvement services, according to a press release.

As part of the acquisition, EnerBank employees will join Regions as part of its consumer banking group, according to the release.

"The addition of EnerBank's exceptional team and leading-edge technology will help Regions deliver even greater value to customers who are seeking convenient, competitive solutions for efficiently financing home improvement needs," Scott Petters, senior EVP and head of consuming bank group, Regions said in the release. "In recent years, we have seen tremendous demand not only for mortgage and refinancing solutions but also for new options to finance upgrades people are making to their homes. The services provided by EnerBank will enable Regions to deliver a more complete range of options as part of our focus on serving as the premier lender to homeowners."