Birmingham, Ala.-based Regions Bank has completed its acquisition of Highland Associates Inc., an institutional investment firm that advises not-for-profit healthcare entities and mission-based organizations on investments.
Highland Associates will maintain its name, leadership, employees and investment philosophy, operating as a subsidiary of Regions Bank and reporting through the Regions Wealth Management Group.
Maynard Cooper & Gale was legal adviser to Regions and Bradley was legal adviser to Highland Associates. Financial terms of the agreement were not disclosed.
Regions Bank is a unit of Regions Financial Corp., a member of the S&P 500 Index.