BIRMINGHAM, Ala.–(BUSINESS WIRE)– According to data recently released by the U.S. Small Business Administration (SBA), Regions Bank (NYSE:RF – News) now ranks among the top five banks in the nation as measured by SBA 504 loan approval dollar volume for fiscal year 2010.
Year-over-year, Regions increased the number of SBA 504 loans approved by 32 percent and increased the dollar volume of approvals by 50 percent. Regions is a member of the SBA’s Preferred Lender Program and was ranked the No. 1 SBA 504 lender by volume in both Alabama and Florida for fiscal year 2010.
