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Regions Expands Corporate Trust Office in Richmond, Va.

BRADENTON, Fla. - Birmingham, Ala.-based Regions Financial Corp. has hired two new employees to expand its corporate trust group in the mid-Atlantic region.

David Nigrelli and Sandra Stanley have joined the group as vice presidents and senior relationship managers in the Richmond, Va., office.

Regions has 15 corporate trust offices in 12 states, and is trustee for about $94 billion of municipal bonds, said bank spokeswoman Cassie Thompson.

Regions ranked as the fifth-largest municipal bond trustee in 2012 in terms of the number of bond issues, which was 107, according to Thomson Reuters.

Nigrelli and Stanley formerly worked in trust offices at Bank of New York Mellon.

"I am very excited to join the Regions corporate trust family, due to its continued commitment to customer service," Nigrelli said in a statement. "The service delivery model used by Regions corporate trust allows a local presence and a single point of contact, which makes life better for our customers."

Nigrelli has worked in trust for more than 25 years.

He received a bachelor's degree from Massachusetts College of Liberal Arts and a master's of business administration from Virginia Tech.

Stanley, who has worked in the trust business for more than 12 years, received a bachelor's degree from Virginia State University.

With $122 billion in assets, Regions is a full-service consumer and commercial banking company with customers in 16 states in the South, Midwest, and Texas.

Regions Bank, a subsidiary, operates 1,700 banking offices.

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