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Regions creates new wealth management group

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Regions Bank has created a new Wealth Management Group integrating its Trust, Private Banking and Insurance units within a single business line. The group will be led by Bill Ritter, who most recently served as senior executive vice president and Central Region president.

The bank also announced that industry veteran John M Turner Jr, former president of Whitney National Bank, has joined the company as Central Region president. Both will report to Regions President and CEO Grayson Hall and will serve on the company’s Operating Committee.

"Establishing this new business line will help us advance our strategic plan by focusing on a key, profitable customer segment with the goal of increasing our non-interest revenue, deepening customer relationships and providing greater value to them," says Hall. "Bill’s breadth of experience within the bank and proven leadership skills make him an ideal fit for this new role. At the same time, the opportunity to add someone of John Turner’s stature and experience to lead our Central Region will add even more strength to our management team."

Ritter, 40, has served the company as Central Region president since 2008, overseeing banking operations in Alabama, Georgia and South Carolina. Prior to this role he served as North Central Alabama area executive and North Central Alabama area commercial banking executive. His earlier experience includes roles as commercial banking sales manager in North Central Alabama and as the business banking sales manager for North Central Alabama. He earned a bachelor’s degree in economics from Vanderbilt University and is a graduate of the Stonier School of Banking at Georgetown. Active in the community, he serves on the boards of directors for the McWane Science Centre, Lakeshore Foundation, Innovation Depot, Alabama Symphony, and the Public Affairs Research Council of Alabama.

Turner, 49, was named president of Whitney National Bank and Whitney Holding Corporation and was elected to the bank and holding company Boards of Directors in 2008. Turner joined Whitney in 1994 as its Alabama regional president after serving in senior consumer and business positions with AmSouth Bank. He holds a bachelor’s degree in economics from the University of Georgia. He is a former chairman of the Mobile Area Chamber of Commerce, former chairman of the Mobile Area Education Foundation, a former chairman of the United Way of Southwest Alabama, a graduate of Leadership Alabama and former board member of Leadership Mobile.

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