Regions Financial Corp., the parent company of Regions Bank, has officially acquired Clearsight Advisors Inc., an investment banking firm. Regions will incorporate Clearsight into its capital markets division, according to a press release.

With this acquisition, Regions aims to expand its advisory capabilities into the technology industry. Clearsight in particular will offer mergers-and-acquisitions and financial advisory and consulting services.

"By welcoming the experience and insights of Clearsight and its exceptional team, Regions Bank is further positioned to build on the holistic, consultative approach to service that we deliver to clients seeking to build on their growth and advance their business strategies," Joel Stephens, head of capital markets for Regions Bank, said in the release. "In addition to complementing and enhancing the advisory services delivered by Regions Capital Markets, Clearsight is a tremendous cultural fit for Regions. We share Clearsight's innovative, client-driven focus on meeting complex financial needs through deep market knowledge, strong collaboration with our business partners, and a clear emphasis on providing an optimal client experience."

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