April 6, 2018 / 1:14 PM / 8 months ago

BRIEF-Regions Financial Agrees To Sell Insurance Business To BB&T Insurance Holdings

April 6 (Reuters) - Regions Financial Corp :

* REGIONS FINANCIAL AGREES TO SELL INSURANCE BUSINESS TO BB&T INSURANCE HOLDINGS

* FINANCIAL DETAILS RELATED TO TRANSACTION WERE NOT DISCLOSED

* TO SELL ITS REGIONS INSURANCE GROUP INC SUBSIDIARY TO BB&T INSURANCE HOLDINGS

* CAPITAL GENERATED FROM DEAL AT TIME OF CLOSING EXPECTED TO BE USED TO REPURCHASE SHARES OF COMMON STOCK Source text for Eikon: Further company coverage:

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