Regions Bank has completed its acquisition of home improvement lender EnerBank USA. EnerBank is an American point-of-sale lenders serving homeowners and contractors through a series of loan programs and digital services that support a range of home improvement needs.
“The addition of EnerBank’s exceptional team and leading-edge technology will help Regions deliver even greater value to customers who are seeking convenient, competitive solutions for efficiently financing home improvement needs,” said Scott Peters, senior executive vice president and head of the Consumer Banking Group for Regions Bank. “In recent years, we have seen tremendous demand not only for mortgage and refinancing solutions but also for new options to finance upgrades people are making to their homes. The services provided by EnerBank will enable Regions to deliver a more complete range of options as part of our focus on serving as the premier lender to homeowners.”
Over time, the EnerBank USA name will consolidate into the Regions Bank brand. The EnerBank team will remain based primarily in Salt Lake City, Utah, under the leadership of Charlie Knadler and will join Regions as part of the Consumer Banking Group.
“EnerBank USA has built a competitive edge by delivering point-of-sale loan programs that enable homeowners to make needed improvements while helping contractors offer attractive payment options to the people they serve,” said Knadler. “Now, combined with the resources and backing of Regions Bank, we are poised for even further growth. We share Regions’ commitment to innovation and superior service, and together, we will deliver even greater value to homeowners and home improvement professionals nationwide.”