Regions Bank to acquire EnerBank USA from CMS Energy for $960m.

Regions Bank, a provider of banking services, agreed to acquire EnerBank USA, a consumer lender, from CMS Energy, an energy company, for $960m. The transaction is expected to close in the fourth quarter of 2021, subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions. "EnerBank has been a great part of the CMS Energy family, has delivered exceptional value to all stakeholders and we are excited for its future with Regions. This transaction improves CMS Energy's risk profile and keeps us on track to deliver 6 to 8% long-term adjusted EPS growth for our investors," Garrick Rochow, CMS Energy President and CEO.