Regions Bank

Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income.

Increased third-quarter revenue outweighed higher operating expenses at the Alabama regional.

When the Birmingham, Ala., bank was rethinking its branch strategy, it had to reconsider the role of its tellers. Ultimately, it decided to transition those workers to a more general banker role that emphasizes meaningful conversations with customers and continuous career progression.

Just before the end of summer, several major banks have put new faces in key executive positions.

John Turner, who became CEO of the Alabama company this month, has promoted John Owen to COO. Its Turner’s second executive appointment this week.