Regions Bank Names Katie Such as head of Affordable Housing as Rob Chiles Announces Retirement

Rhea-AI Summary

Regions Bank appoints Katie Such as head of Regions Affordable Housing, succeeding Rob Chiles after his 15 years of leadership. Such's experience and dedication to affordable housing reflect Regions' commitment to supporting communities.

Such to build on strong foundation of service established by Chiles during his 15 years of leadership.

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Bank on Wednesday announced experienced financial services leader Katie Such has been elevated to serve as head of Regions Affordable Housing. Such succeeds Rob Chiles, who is retiring after 35 years in the financial services industry, including over 15 years with Regions.

Regions Bank is announcing experienced financial services leader Katie Such has been elevated to serve as head of Regions Affordable Housing. (Photo: Business Wire)

Mike Smith, head of Real Estate Banking for Regions, said the appointment of Such reflects Regions’ continued dedication to supporting affordable housing opportunities.

“Providing financial services that, in turn, enable new affordable housing developments truly represents one of the most powerful ways Regions can benefit clients and communities,” Smith said. “Throughout his time with Regions, Rob has championed superior service while fulfilling our mission to make life better. As a result of his leadership, Regions has facilitated $7.7 billion in affordable housing investments. Katie Such is an integral part of the Regions Affordable Housing group’s accomplishments, and she recognizes the importance of strong relationships with developers, community leaders, and others who are all crucial to the success of creating more affordable housing. Her experience serving on Rob’s team and developing solutions for a wide range of clients make her the ideal leader to build on Rob’s legacy.”

Such joined Regions Affordable Housing in 2016 as head of Distribution and Investor Services. In that role, she led sales and distribution of funds for clients and connected developers and investor clients for key transactions. In 2019, Such was promoted to operations manager, where she oversaw underwriting, investment, legal and asset-management functions for the group. Prior to joining Regions, Such held affordable housing leadership positions at PNC Bank and directed underwriting, asset management and investor relations service teams. She also served as the deputy executive director for the Housing Authority of Portland, now known as Home Forward.

Such earned her Bachelor of Arts from the University of Oregon and a Master of Business Administration from Portland State University.

“Katie is a recognized leader who’s passionate about leveraging her experience to benefit others,” Smith added. “Through her affordable housing leadership, deep relationships and keen insights, we will continue to provide strong value, personalized service and competitive solutions to clients in our Real Estate Banking group.”

“Safe and stable housing opens a world of possibilities for people, and it is an honor to build on the legacy Rob established during his time at Regions,” Such said. “Regions has a strong record of working with large proprietary and multi-investor clients and developers to provide effective solutions that meet their unique goals. The result is helping connect more people with more high-quality housing options.”

Regions Affordable Housing LLC is a national low-income housing tax credit (LIHTC) investor, syndication firm and leader in affordable housing. Regions Bank is one of the nation’s largest participants in affordable housing finance through the LIHTC program, 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 Multifamily Affordable Lender and HUD/FHA Affordable Lender.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $152 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/20240327719034/en/

Jennifer Elmore

Regions Bank

(334) 240-1220

Regions News Online: regions.doingmoretoday.com

Source: Regions Financial Corporation

FAQ

Who has been appointed as the head of Regions Affordable Housing, succeeding Rob Chiles?

Katie Such has been appointed as the head of Regions Affordable Housing, succeeding Rob Chiles.

How many years did Rob Chiles serve in the financial services industry?

Rob Chiles served for over 35 years in the financial services industry.

What is the total amount of affordable housing investments facilitated by Regions under Rob Chiles' leadership?

Regions facilitated $7.7 billion in affordable housing investments under Rob Chiles' leadership.

Where did Katie Such earn her Bachelor of Arts degree?

Katie Such earned her Bachelor of Arts degree from the University of Oregon.

What positions did Katie Such hold before joining Regions?

Before joining Regions, Katie Such held affordable housing leadership positions at PNC Bank and served as the deputy executive director for the Housing Authority of Portland.