Regions Financial Corp. (RF) said Tuesday that its Board of Directors has authorized an equity repurchase program for up to $350 million of the company's common stock.
The company noted that the share repurchase authorization is a part of the company's capital plan that was not objected to by the Federal Reserve as part of its 2013 Comprehensive Capital Analysis and Review.
The authority granted under the repurchase program expires on March 31, 2014.
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