More Affordable Housing: Regions Bank Appoints Chase Simpson as Relationship Manager Serving Clients in Several States

Rhea-AI Summary

Regions Bank has appointed Chase Simpson as vice president and relationship manager in its Affordable Housing division. Simpson will manage and lead origination efforts for affordable housing opportunities across Alabama, Georgia, North Carolina, South Carolina, and West Virginia. With over 10 years of banking experience, Simpson previously worked in Regions' Underwriting and Asset Management departments since joining in 2016. Through low-income housing tax credits (LIHTCs) and comprehensive financial solutions, he will support affordable housing developers in bringing new or renovated properties to market.

Positive

• Expansion of affordable housing initiatives across multiple states
• Internal promotion leveraging existing institutional knowledge
• Strengthening of LIHTC program leadership, where Regions is a major national participant

Negative

• None.

Simpson will focus on delivering holistic financial solutions and expanding access to affordable housing opportunities for people across the Southeast.

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Bank on Wednesday announced Chase Simpson has been named vice president and relationship manager in the Regions Affordable Housing division.

Regions Bank is announcing Chase Simpson has been named vice president and relationship manager in the Regions Affordable Housing division. (Photo: Business Wire)

In this role, Simpson will manage, source, and lead origination efforts for affordable housing opportunities across several states, including cities in Alabama, Georgia, North Carolina, South Carolina, and West Virginia. Through low-income housing tax credits (LIHTCs), comprehensive financial solutions, and a holistic suite of additional banking options, Simpson and colleagues will meet the financial needs of affordable housing developers planning to bring new or renovated properties to the market. He will report to David Payne, co-head of Originations for Regions Affordable Housing

“At Regions, our focus in affordable housing is providing developers the resources they need to create more access to affordable housing in communities that need it most,” Payne said. “Chase Simpson has been an integral part of our Real Estate Banking team for a number of years. He knows our client base, our bank’s culture and has deep knowledge of the affordable housing industry. We are pleased to have the right talent already at work helping our clients. We look forward to Chase continuing to enhance our approach to service and welcome new clients to Regions Bank.”

Simpson has over 10 years of experience in the banking industry. Prior to his promotion at Regions, Simpson worked in the Underwriting and Asset Management departments. He most recently served as an underwriter, preparing comprehensive executive summaries and creating financial models for affordable housing investments. Prior to that role, Simpson served as a Development Risk Management analyst. He joined Regions in 2016.

Simpson earned a Bachelor of Administration in Finance with a focus in Accounting from Harding University.

“Affordable housing makes a real difference in the lives of people across the country,” Simpson said. “It provides stability and security and opens the door to continued community growth. Regions has long been a leader in helping clients maximize opportunities to build and grow affordable housing developments. I’m pleased to expand my work with the bank and help fulfill our mission to make life better.”

Regions Bank, through Regions Affordable Housing LLC, is a national leader in affordable housing. Through the LIHTC program, Regions is one of the nation’s largest participants in affordable housing finance, providing comprehensive real estate banking and capital markets services to meet the debt and equity capital needs of developers and investors. Regions Bank is also a Fannie Mae DUS MAH Lender, HUD/FHA Affordable Lender, and Freddie Mac Optigo TAH lender.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $157 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120024122/en/

Jennifer Elmore

Regions Bank

Regions News Online: regions.doingmoretoday.com

Regions Media Line: 205-264-4551

Source: Regions Financial Corporation

FAQ

What role did Regions Bank (RF) appoint Chase Simpson to in 2024?

Regions Bank appointed Chase Simpson as vice president and relationship manager in the Regions Affordable Housing division.

Which states will Chase Simpson oversee for Regions Bank's (RF) affordable housing initiatives?

Chase Simpson will oversee affordable housing initiatives in Alabama, Georgia, North Carolina, South Carolina, and West Virginia.

What is Chase Simpson's experience at Regions Bank (RF)?

Chase Simpson has been with Regions Bank since 2016, working in Underwriting and Asset Management departments, most recently as an underwriter for affordable housing investments.

What financing programs does Regions Bank (RF) offer for affordable housing?

Regions Bank offers low-income housing tax credits (LIHTCs), and serves as a Fannie Mae DUS MAH Lender, HUD/FHA Affordable Lender, and Freddie Mac Optigo TAH lender.