Regions Financial Corporation (NYSE:RF) announced a new sponsorship agreement with the College Football Hall of Fame


Dallas, Texas 08/21/2013 (Financialstrend) – Regions Financial Corporation (NYSE:RF) had recently kicked off the South Eastern Conference Greats Tour for the year 2013 and had further announced a new sponsorship agreement with the College Football Hall of Fame. This new agreement set to come into effect by the fall of 2014 would include the bank holding company to be the exclusive banking sponsor to the event and would also provide a forum for the initiatives related to financial education. This sponsorship agreement for the Football Hall of Fame event is expected to provide wide range of promotional and development opportunities to the bank holding company.

Regions Financial Corporation (NYSE:RF) had commented that this sponsorship agreement is quite a natural event that had occurred considering the 20 year long relationship that the company is having with the South Eastern Conference and other related collegiate partnerships. This new agreement is expected to let the company to enable its customers and fans to enjoy wide range of opportunities related to the knowhow of many players and personalities who had made this game of college football to be highly exceptional. Such massive opportunity attained by the company through this sponsorship agreement had resulted in higher level of investor confidence in the stock.

Regions Financial Corporation (NYSE:RF) had on Tuesday reported a closing price of $9.86 per share, which was measured to have presented a gain of 1.86% over the previous close. The stock, on Tuesday, had intraday price movements in the range of $9.66 to $9.96 per share for the day, while presently the stock’s 52 week lowest price level is at $6.18 and 52 week highest level is at $10.52 per share. The company presently has around 1.40 billion shares being traded in the markets with the market cap on Tuesday at $13.77 billion and institutional owners making a contribution of around 73%.