Regions Bank, a subsidiary of Regions Financial Corp., has completed the acquisition of home improvement lender EnerBank USA. EnerBank employees join Regions as part of its Consumer Banking Group.
Regions is accelerating its strategy to serve as a premier lender to homeowners. With a client base that stretches across the United States, EnerBank serves contractors and homeowners through a series of loan programs and financing solutions that support a wide range of home improvement needs.
“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,” said Scott Peters, senior executive vice president and head of the Consumer Banking Group for Regions. “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.”
Since 2002, Salt Lake City-based EnerBank has offered leading home improvement loan programs to not only U.S.-based contractors but also enterprise-level strategic partners in the home improvement industry. As a pioneer in specialized home improvement lending, EnerBank has worked with hundreds of loan program sponsors, inclusive of thousands of home improvement contractors, serving over a million homeowners and funding over $12 billion in home improvement projects.
EnerBank will maintain its headquarters presence in Salt Lake City. EnerBank will continue to operate under the EnerBank brand during the coming months; however, contractors and sponsors can expect to see a gradual branding transition to Regions over time.
News item from EnerBank
