Birmingham, Alabama-headquartered Regions Bank (NYSE:RF) has tapped Fred Behnke to serve as head of the bank’s Homebuilder Finance team.
Behnke most recently served as regional manager for the company’s east region and succeeds Danny Hill, who retired from Regions. Behnke 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.
Regions’ Homebuilder Finance team supports loans to homebuilders for new home construction, lot purchases and development, and ancillary financial needs.
“Homebuilders 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,” said Mike Smith, head of Regions’ Real Estate Banking division. “Fred’s 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.”