Quick Take
Regions Bank (RF) announced it has agreed to acquire Highland Associates for an undisclosed amount.
Highland Associates operates as an institutional investment firm for not-for-profit healthcare entities and mission-based organizations.
With the deal, RF is gaining additional and complementary assets under management while continuing to diversify its revenue sources.
Target Company
Birmingham, Alabama-based Highland Associates was founded in 1987 to provide institutional investment management services to not-for-profit healthcare entities and mission-based organizations.
Management is headed by President and CEO Trey Echols, who has been with the firm since 2014 and