{"id":761828,"date":"2023-06-06T09:08:19","date_gmt":"2023-06-06T13:08:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/regions-bank-names-new-head-of-homebuilder-finance\/"},"modified":"2023-06-06T09:08:19","modified_gmt":"2023-06-06T13:08:19","slug":"regions-bank-names-new-head-of-homebuilder-finance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/regions-bank-names-new-head-of-homebuilder-finance\/","title":{"rendered":"Regions Bank Names New Head of Homebuilder Finance"},"content":{"rendered":"

<\/p>\n

Regions Bank Names New Head of Homebuilder Finance<\/b><\/p>\n

Fred Behnke and his team to build on foundation of serving the needs of homebuilder clients.<\/i><\/p>\n

BIRMINGHAM, Ala.–(BUSINESS WIRE<\/a>)–Regions Bank<\/a> on Tuesday announced veteran banker Fred Behnke has been named head of the bank\u2019s Homebuilder Finance team. Behnke most recently served as regional manager for the company\u2019s east region and succeeds Danny Hill, who retired from Regions.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230606005190\/en\/<\/a><\/p>\n

\"Fred<\/p>\n

Fred Behnke, head of Regions Bank\u2019s Homebuilder Finance team. (Photo: Business Wire)<\/p>\n<\/div>\n

\nSpecialized bankers in Regions\u2019 Homebuilder Finance team support loans to homebuilders for new home construction, lot purchases and development, and ancillary financial needs. Additionally, the group works closely with colleagues across Regions\u2019 Corporate and Commercial Banking divisions, as well as our Wealth Management and Consumer Banking teams, to deliver the bank\u2019s team-based banking approach, called Regions360<\/a>.<\/p>\n

\n\u201cHomebuilders nationwide are working to meet a significant demand for housing, and it pays to have a productive relationship with financial professionals who have the experience to help guide clients through all economic cycles,\u201d said Mike Smith, head of Regions\u2019 Real Estate Banking division. \u201cFred\u2019s successful tenure here at Regions, combined with the insights of our entire Homebuilder Finance team, will help us deliver even greater value for clients while supporting the development of important housing opportunities throughout our footprint.\u201d<\/p>\n

\nBehnke joined AmSouth Bank, a predecessor to Regions, in 1999 as a Homebuilder Finance relationship manager serving clients across Florida. He was elevated to serve as regional manager in 2007.<\/p>\n

\n\u201cRegions operates in vibrant, growing markets across the Southeast, Texas and beyond. Our team is helping homebuilders meet the needs of today, plan for the opportunities of tomorrow, and build sustainable success,\u201d Behnke said. \u201cWith market volatility, inflation and higher interest rates of late, many homeowners are having to adjust their financial goals. However, housing continues to be a major need in growth communities across the Southeast, and we see many of our homebuilders adjusting their business plans to maximize cash flow to help meet the continued demand for housing. I\u2019m incredibly proud of the entire Homebuilder Finance team and the collaborative approach we take to providing customized, tailored solutions to meet the needs of homebuilders. Our relationship-based approach to service is another way we\u2019re distinguishing Regions in the marketplace and helping clients reach their comprehensive financial goals.\u201d<\/p>\n

\nA graduate of the University of South Florida with a degree in Finance, Behnke earned a Master of Business Administration from the University of Florida.<\/p>\n

\nRegions also announced the following promotions as part of Behnke\u2019s team:<\/p>\n