Regions (RF) Beaten Down on No TARP Plan

while a number of banks were given the go ahead to repurchase shares and boost their dividends, Regions Financial Corp. (NYSE:RF) was among those that didn't even attempt to spin they were making it a priority for their shareholders.

Shares of Regions Financial Corp. fell on Friday after the bank said it hasn't proposed any immediate move to repay the $3.5 billion it received from the government's financial system rescue program.

Shares of several other large banks rose on Friday, after they announced dividend increases in response to the U.S. Federal Reserve's completion of "stress tests" of banks' finances. Banks that were deemed strong enough to weather another recession were allowed to increase dividends.

But Regions said it "did not propose any immediate capital action" as part of that review process.

Regions received $3.5 billion from the taxpayer-funded Troubled Asset Relief Program, launched in response to the financial crisis in late 2008.

Regions closed Friday at $7.10, falling $0.25, or 3.40 percent.




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