Regions Bank has appointed Paul Craft area wealth executive for West Tennessee.

Regions Bank has appointed Paul Craft as area wealth executive for West Tennessee.

Craft will manage a 29-strong team from his office in Memphis.

He joined Regions in 2013, serving as a sales manager for the West Tennessee private wealth management group. Previously, Craft spent 12 years at First Tennessee as a private bank relationship manager. 

Regions Financial manages $117 billion in assets. The company is currently in the process of increasing its quarterly common dividend to $0.05 per share and repurchasing $350 million in common shares. The changes are subject to approval by Regions' board of directors.