Originally created 08/18/99

Regions Bank names new leader



Regions Bank's top executive in South Carolina, John C. Troutman, also will oversee operations for the metro Augusta area starting Jan. 1.

The Birmingham, Ala.-based bank plans to consolidate its six banking regions to three, extending Mr. Troutman's administrative duties to banks across the river.

"It makes sense to put the central Georgia banks with South Carolina," said Mr. Troutman, former president and chief executive officer of Palmetto Federal Savings Bank, which Regions acquired in 1998. "It's a contiguous market."

Mr. Troutman, whose new title is group president, currently oversees Regions' South Carolina operations in Aiken, Columbia, Charleston, Greenville-Spartanburg, Anderson and Beaufort.

Regions has $1 billion in assets in South Carolina and $4 billion in Georgia, about $650 million of which comes from the metro Augusta market.

He said he looks forward to working with central Georgia President Jimmy Rigsby, who oversees the Augusta-area banking group that was once a part of Allied Bankshares. Regions acquired that bank in 1996.

Mr. Troutman, a native of Anderson, also has been appointed to Regions' executive advisory council.

Damon Cline covers business for The Augusta Chronicle. He can be reached at (706) 823-3486.