Document:

EX-10.1

 Exhibit 10.1 

SEVENTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS SEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of February 4, 2016, is entered into
by and between MARLIN RECEIVABLES CORP., a Nevada corporation (“Borrower”), MARLIN LEASING CORPORATION, a Delaware corporation (“Originator” or “Servicer”), and MARLIN BUSINESS
SERVICES CORP., a Pennsylvania corporation (“Parent”), and WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company formerly known as Wells Fargo Foothill, LLC (“Lender”). 

W I T N E S S E T H: 

WHEREAS, pursuant to the Loan and Security Agreement dated as of October 9, 2009 (as amended or modified from time to time, the
“Existing Loan Agreement”) between Borrower, Servicer, Parent and Lender, Lender has committed to making loans and certain financial accommodations available to Borrower; and 

WHEREAS, the parties hereto have agreed to amend the Existing Loan Agreement as set forth herein. 

NOW, THEREFORE, in consideration of the agreements herein contained and other good and valuable consideration, the parties hereby agree as
follows: 
 PART I 
 DEFINITIONS

 1.1 Certain Definitions. Unless otherwise defined herein or the context otherwise requires, the following term used in this
Amendment, including its preamble and recitals, has the following meaning: 
 “Amended Loan Agreement” means
the Existing Loan Agreement as amended hereby. 
 1.2 Other Definitions. Unless otherwise defined herein or the context otherwise
requires, terms used in this Amendment, including its preamble and recitals, have the meanings provided in the Amended Loan Agreement. 

PART II 
 AMENDMENT TO EXISTING
LOAN AGREEMENT 
 2.1 Amendment to Section 1. Section 1 of the Existing Loan Agreement is amended by deleting the
definition of “Commitment Termination Date” and replacing it with the following: 
 “Commitment
Termination Date” means the earliest of (a) May 4, 2016, (b) the date of the termination of this Agreement by Borrower in accordance with Section 3.6, and (c) the date of the termination of this Agreement by Lender
in accordance with Section 9.1 upon the occurrence and during the continuation of an Event of Default. 

 2.2 Amendment to Section 3.4. Section 3.4 of the Existing Loan Agreement is
amended by deleting such Section and replacing it with the following: 
 3.4 Term. This Agreement shall
continue in full force and effect for a term commencing on the Closing Date and ending on May 4, 2016 (the “Maturity Date”). Notwithstanding the foregoing or any other provision of this Agreement or any other Loan Document,
Lender’s obligations to make Advances (or otherwise extend credit) under this Agreement shall terminate on the Commitment Termination Date. 

PART III 
 CONDITIONS TO
EFFECTIVENESS OF PART II 
 3.1 Seventh Amendment Effective Date. Part II of this Amendment shall be and become effective as of the
date first set forth above, subject to the conditions set forth in this Part III having been satisfied (it being understood and agreed that the remainder of this Amendment shall be effective upon the execution and delivery hereof by the parties
hereto). 
 3.2 Conditions to Effectiveness. The effectiveness of this Amendment is conditioned upon the satisfaction of the following
conditions precedent, in each case on terms reasonably acceptable to Lender: 
 (a) Lender shall have received a fully
executed counterpart of this Amendment; 
 (b) the representations and warranties contained in Section 5 of the Existing
Loan Agreement (after giving effect to the amendments contained herein) shall be true and correct in all material respects, except to the extent any such representations or warranties refer back to a specific earlier date, and then only as of such
date; and 
 (c) no Default or Event of Default exists under the Existing Loan Agreement. 

PART IV 
 MISCELLANEOUS 

4.1 No Additional Obligations. Each Loan Party acknowledges and agrees that the execution, delivery and performance of this Amendment
shall not create (nor shall any Loan Party rely upon the existence of or claim or assert that there exists) any obligation of Lender to consider or agree to any other amendment of or waiver or consent with respect to the Amended Loan Agreement or
any other instrument or agreement to which Lender is a party (collectively, an “Additional Amendment” or “Consent”), and in the event that Lender subsequently agrees to consider any requested Additional Amendment or
Consent, neither the existence of this Amendment nor any other conduct of the Lender related hereto, shall be of any force or effect on the Lender’s consideration or decision with respect to any such requested Additional Amendment or Consent,
and Lender shall not have any obligation whatsoever to consider or agree to any such Additional Amendment or Consent. 
 4.2 Waiver of
Claims. In order to induce Lender to enter into this Amendment, each Loan Party hereby releases, remises, acquits and forever discharges Lender and each of its employees, agents, representatives, consultants, attorneys, officers, directors,
partners, fiduciaries, predecessors, successors and assigns, subsidiary corporations, parent corporations and related corporate divisions (collectively, the “Released Parties”), from any and all actions, causes of action, judgments,
executions, suits, debts, claims, demands, liabilities, damages and expenses of any and every character, known or unknown, direct or indirect, at law or in equity, of whatever nature or kind, whether heretofore or hereafter arising, for or because
of any manner of things done, omitted or suffered to be done by any of the Released Parties prior to and including the date of execution hereof, and in any way directly or indirectly arising out of any or in

  
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any way connected to this Amendment, the Amended Loan Agreement or the other Loan Documents (collectively, the “Released Matters”). Notwithstanding anything to the contrary in
this Section 5.2, any and all actions, causes of action, judgments, executions, suits, debts, claims, demands, liabilities, damages and expenses, known or unknown, direct or indirect, at law or in equity resulting from Lender’s
gross negligence or willful or intentional misconduct shall not be included in the definition of Released Matters. Each Loan Party hereby acknowledges that the agreements in this Section 5.2 are intended to be in full satisfaction of all
or any alleged injuries or damages arising in connection with the Released Matters. Each Loan Party hereby represents and warrants to Lender that it has not purported to transfer, assign or otherwise convey any right, title or interest of such Loan
Party in any Released Matter to any other Person and that the foregoing constitutes a full and complete release of all Released Matters. 

4.3 Acknowledgments and Stipulations. In order to induce Lender to enter into this Amendment, each Loan Party acknowledges, stipulates
and agrees that (a) all of the Obligations are absolutely due and owing by such Loan Party to Lender without any defense, deduction, offset or counterclaim (and, to the extent such Loan Party had any defense, deduction, offset or counterclaim
on the date hereof, the same is hereby waived by such Loan Party); (b) the Loan Documents executed by such Loan Party are legal, valid and binding obligations of such Loan Party enforceable against such Loan Party in accordance with their
respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally; (c) the Liens granted by Borrower
to Lender in the Collateral are valid and duly perfected, first priority Liens, subject only to Permitted Liens; (d) each of the recitals contained at the beginning of this Amendment is true and correct; and (e) prior to executing this
Amendment, such Loan Party consulted with and had the benefit of advice of legal counsel of its own selection and has relied upon the advice of such counsel, and in no part upon the representation of Lender or any counsel to Lender concerning the
legal effects of this Amendment or any provision hereof. 
 4.4 Cross-References. References in this Amendment to any Part or are,
unless otherwise specified, to such Part or of this Amendment. 
 4.5 References in Other Credit Documents. At such time as this
Amendment shall become effective pursuant to the terms of Section 4.1, all references in the Existing Loan Agreement (including without limitation the Schedules thereto) to the “Agreement”, and all references in the other Loan
Documents to the “Loan Agreement” or “Loan and Security Agreement”, shall be deemed to refer to the Amended Loan Agreement. 

4.6 Representations and Warranties of Loan Parties. Each Loan Party hereby represents and warrants that, after giving effect to the
amendments contained herein, (a) the representations and warranties contained in Section 5 of the Existing Loan Agreement are correct in all material respects on and as of the date hereof as though made on and as of such date, except to
the extent any such representations or warranties refer back to a specific earlier date, and then only as of such date, and (b) no Default or Event of Default exists under the Existing Loan Agreement on and as of the date hereof. Without
limitation of the preceding sentence, each Loan Party hereby expressly re-affirms the validity, effectiveness and enforceability of each Loan Document to which it is a party (in each case, as the same may be modified by the terms of this Amendment).

 4.7 Counterparts. This Amendment may be executed in any number of counterparts each of which when so executed shall be deemed to be
an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Amendment by telefacsimile (or in pdf or similar format via electronic mail) shall be equally as effective as
delivery of an original 

  
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executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telefacsimile also shall deliver an original executed counterpart of this Amendment but
the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment. 

4.8 Incorporation of Terms. THIS AMENDMENT SUPPLEMENTS, AND FORMS A PART OF, THE EXISTING LOAN AGREEMENT, BUT (FOR THE AVOIDANCE OF
DOUBT) THE PARTIES HERETO IN ANY EVENT SPECIFICALLY AGREE (WITHOUT LIMITATION OF THE FIRST PART OF THIS SENTENCE) THAT THE PROVISIONS OF SECTION 13 OF THE EXISTING LOAN AGREEMENT APPLY TO THIS AMENDMENT AS IF SUCH PROVISIONS WERE INCORPORATED
HEREIN. 
 [The remainder of this page is intentionally left blank.] 

  
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 Each of the parties hereto has caused a counterpart of this Amendment to be duly executed and
delivered as of the date first above written. 
  

			
	 MARLIN RECEIVABLES CORP.,
 a
Nevada corporation, as Borrower

		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	 MARLIN LEASING CORPORATION, 

a Delaware corporation, as Servicer and a Guarantor

		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	 MARLIN BUSINESS SERVICES CORP., 

a Pennsylvania corporation, as Parent and a Guarantor

		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 [Marlin Leasing –
Seventh Amendment] 

 
			
	 WELLS FARGO CAPITAL FINANCE, LLC,

a Delaware limited liability company, as Lender

		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 [Marlin Leasing –
Seventh Amendment]EX-4.1

 Exhibit 4.1 
  

 
  

SEVENTH SUPPLEMENTAL INDENTURE 

between 
 REGIONS FINANCIAL
CORPORATION 
 AND 
 DEUTSCHE
BANK TRUST COMPANY AMERICAS 
 DATED AS OF FEBRUARY 8, 2016 

Seventh Supplement to Indenture dated as of August 8, 2005 

(Senior Debt Securities) 
  

 
  

 SEVENTH SUPPLEMENTAL INDENTURE, dated as of February 8, 2016 (this “Supplemental
Indenture”), between REGIONS FINANCIAL CORPORATION, a Delaware corporation (the “Company”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as Trustee. 

RECITALS 
 WHEREAS, the
Company and the Trustee have entered into an Indenture dated as of August 8, 2005 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), providing for the issuance by the Company from
time to time of its senior debt securities; 
 WHEREAS, the Base Indenture has been amended and supplemented by that certain Supplemental
Indenture, dated as of August 8, 2005, that certain Second Supplemental Indenture, dated as of June 26, 2007, that certain Third Supplemental Indenture, dated as of November 10, 2009, that certain Fourth Supplemental Indenture, dated
as of April 26, 2010, that certain Fifth Supplemental Indenture, dated as of April 26, 2010, and that certain Sixth Supplemental Indenture, dated as of April 30, 2013; 

WHEREAS, Section 901(7) of the Base Indenture provides that the Company and the Trustee may, without the consent of any Holder, enter
into a supplemental indenture to establish the form or terms of Securities of any series as permitted by Section 201 and 301 thereof; 

WHEREAS, the Company desires to provide for the establishment of a new series of Securities pursuant to Sections 201 and 301 of the Base
Indenture, the form and substance of such Securities and terms, provisions and conditions thereof to be set forth as provided in the Indenture; 

WHEREAS, the Company deems it advisable to enter into this Supplemental Indenture for the purposes of establishing the terms of such
Securities and providing for the rights, obligations and duties of the Trustee with respect to such Securities; 
 WHEREAS, the execution
and delivery of this Supplemental Indenture has been authorized by a resolution of the Board of Directors of the Company; 
 WHEREAS, the
Company has delivered to the Trustee an Opinion of Counsel and Officers’ Certificate pursuant to Sections 102 and 903 of the Base Indenture; 

WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture and satisfy all requirements necessary to
make this Supplemental Indenture a valid, legal and binding instrument in accordance with its terms, and to make the Notes (as defined herein), when executed by the Company and authenticated and delivered by the Trustee, the valid, legal and binding
obligations of the Company; and 

 WHEREAS, all acts and things necessary have been done and performed to make this Supplemental
Indenture enforceable in accordance with its terms, and the execution and delivery of this Supplemental Indenture has been duly authorized in all respects. 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: For and in consideration of the premises and the purchase of the Notes by the Holders
thereof, the Company and the Trustee covenant and agree, for the equal and proportionate benefit of all Holders of the Notes, as follows: 

ARTICLE ONE 
 CREATION OF THE
NOTES 
 Section 1.1 Designation of Series. Pursuant to the terms hereof and Sections 201 and 301 of the Base Indenture, the
Company hereby creates a series of its senior debt securities designated as the “3.200% Senior Notes due 2021” (the “Notes”), which Notes shall be deemed “Securities” for all purposes under the Indenture. 

Section 1.2 Form and Denomination of Notes. The definitive form of the Notes shall be substantially in the form set forth in
Exhibit A attached hereto, which is incorporated herein and made part hereof. The Notes shall bear interest and have such other terms as are stated in the form of definitive Notes or in the Indenture. The Stated Maturity of the Notes shall be
February 8, 2021. The Notes shall be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

Section 1.3 Initial Limit on Amount of Series. The Notes shall initially be limited to U.S. $500,000,000 in aggregate principal
amount, and may, upon the execution and delivery of this Supplemental Indenture or from time to time thereafter, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver
said Notes to or upon the delivery of a Company Order. Following the initial issuance of the Notes, the aggregate principal amount of Notes may be increased as provided in Section 1.10. 

Section 1.4 Rank. The Notes are unsecured and shall rank equally among themselves and with all of the Company’s other
unsecured and unsubordinated indebtedness. 
 Section 1.5 Redemption. 

(a) The Notes are not subject to redemption at the option of the Company at any time prior to January 8, 2021. The Notes are subject to
redemption at the option of the Company, in whole or in part, at any time or from time to time, after January 8, 2021 at an aggregate Redemption Price equal to 100% of the principal amount of the Notes being redeemed, in accordance with Article
Eleven of the Base Indenture, except as set forth below. 

  
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 (b) Section 1102 of the Base Indenture is hereby amended to require that the written notice
to be delivered to the Trustee pursuant to Section 1102 of the Base Indenture be delivered at least 45 days prior to the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee), rather than at least 45 days prior to the
giving of the notice of redemption in Section 1104. 
 (c) Section 1104 of the Base Indenture is hereby amended to require that
the notice to be delivered to each Holder of Notes to be redeemed shall be given in the manner provided in Section 106 of the Base Indenture (or, if the Notes are held in book-entry form through DTC, in any such manner as may be then permitted
by DTC). Any notice given to a Holder with respect to the Notes in the matter set forth in this Section 1.5(c) shall be conclusively deemed to have been received by such Holder, whether or not such Holder actually receives such notice. 

Section 1.6 No Repayment or Sinking Fund. The Notes will not be subject to redemption or repayment at the option of any Holder at
any time prior to the Stated Maturity. No sinking fund will be provided with respect to the Notes. 
 Section 1.7 Notes Not
Convertible or Exchangeable. The Notes will not be convertible or exchangeable for other securities or property. 
 Section 1.8
Issuance of Notes; Selection of Depository. The Notes shall be issued as Registered Securities in permanent global form, without coupons. The initial Depository for the Notes shall be DTC. 

Section 1.9 No Additional Amounts; No Make-Whole Amounts. No Additional Amounts or Make-Whole Amounts shall be payable with
respect to the Notes. 
 Section 1.10 Further Issuances. The Company may, without consent of the Holders of the Notes but in
compliance with the terms of the Indenture, increase the principal amount of the Notes by issuing additional Notes on the same terms and conditions as the Notes, except for any differences in the issue price and interest accrued prior to the date of
issuance of the additional Notes, and with the same CUSIP number as the Notes; provided that if any additional notes are not fungible with the notes offered hereby for U.S. federal income tax purposes, such additional notes will be issued under a
separate CUSIP number. The Notes and any additional Notes issued by the Company will rank equally and ratably and shall be treated as a single series of Securities for all purposes under the Indenture. No additional Notes shall be issued at any time
that there is an Event of Default under the Indenture with respect to the Notes that has occurred and is continuing. 

  
 3 

 Section 1.11 Remedies. 

(a) Notwithstanding Section 501(4) and 502 of the Base Indenture, an Event of Default with respect to the Notes under Section 501(4)
related to a breach of the covenant contained in clause (x) of the second paragraph of Section 1009 of the Base Indenture shall not permit acceleration of the Notes under Section 502. 

(b) Pursuant to Section 501(8) of the Base Indenture, an Event of Default with respect to the Notes shall also mean either of the
following events: (i) the appointment by a competent government agency having primary regulatory authority over the Principal Subsidiary Bank under any applicable federal or state banking law, Bankruptcy Law or similar law now or hereafter in
effect of a receiver of the Principal Subsidiary Bank, or (ii) the entry of a decree or order in any case or proceeding under any applicable federal or state banking law, Bankruptcy Law or other similar law now or hereafter in effect appointing
any receiver of the Principal Subsidiary Bank. 
 Section 1.12 Modifications Without Consent of Holders. Solely for the benefit
of the Notes, Section 901 of the Base Indenture is hereby amended to add the following subsection (13): 
 (13) to the extent not
otherwise inconsistent with the Indenture, to conform the terms of the Notes or the Indenture with the description set forth in the prospectus supplement relating to the Notes, as evidenced by an Officer’s Certificate. 

ARTICLE TWO 

APPOINTMENT OF THE TRUSTEE FOR THE NOTES 

Section 2.1 Appointment of Trustee; Acceptance by Trustee. Pursuant and subject to the Indenture, the Company hereby appoints
Deutsche Bank Trust Company Americas as trustee to act on behalf of the Holders of the Notes. By execution, acknowledgement and delivery of this Supplemental Indenture, the Trustee hereby accepts appointment as trustee with respect to the Notes, and
agrees to perform the duties and obligations of the Trustee with respect to the Notes upon the terms and conditions set forth in the Indenture. 

Section 2.2 Rights, Powers, Duties and Obligations of the Trustee. Any rights (including the right to be indemnified), powers,
duties and obligations by any provisions of the Indenture conferred or imposed upon the Trustee shall, insofar as permitted by law, be conferred or imposed upon and exercised or performed by the Trustee with respect to the Notes. 

Section 2.3 Rights in the Indenture Applicable to Trustee. Deutsche Bank Trust Company Americas, in its capacity as Trustee, shall
be afforded all of the rights, powers, immunities and indemnities of the Trustee as set forth in Article VI of the Base Indenture as if such rights, powers, immunities and indemnities were specifically set forth herein. 

  
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 Section 2.4 Security Registrar; Paying Agent. The Company appoints Deutsche Bank
Trust Company Americas as Security Registrar and Paying Agent with respect to the Notes, and the Trustee hereby accepts such appointment. 

ARTICLE THREE 

DEFEASANCE 

Section 3.1 Defeasance Applicable to Notes. Pursuant to Section 301(19) and Section 1401 of the Base Indenture,
provision is hereby made for both (i) defeasance of the Notes under Section 1402 of the Base Indenture and (ii) covenant defeasance of the Notes under Section 1403, in each case, upon the terms and conditions contained in Article
Fourteen of the Base Indenture. For purposes of such defeasance or covenant defeasance, the term “Government Obligations” shall not include obligations referred to in the definition of such term in the Base Indenture which are not
obligations of the United States or a Person controlled or supervised by and acting as an agency or an instrumentality thereof. 
 ARTICLE
FOUR 
 MISCELLANEOUS 

Section 4.1 Application of Supplemental Indenture. Each and every term and condition contained in this Supplemental Indenture that
modifies, amends or supplements the terms and conditions of the Base Indenture shall apply only to the Notes created hereby and not to any future series of Securities established under the Base Indenture. 

Section 4.2 Benefits of this Supplemental Indenture. Nothing contained in this Supplemental Indenture or in the Notes, express or
implied, shall give to any Person, other than the parties to the Indenture, any Security Registrar, any Paying Agent, any Authenticating Agent and their successors under the Indenture, and the Holders, any benefit or any legal or equitable right,
remedy or claim under the Base Indenture or this Supplemental Indenture. 
 Section 4.3 Modification of the Base Indenture.
Except as expressly provided by this Supplemental Indenture, the provisions of the Base Indenture shall govern the terms and conditions of the Notes. 

Section 4.4 Defined Terms. 

(i) “Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking
institutions in The City of New York are authorized or required by law, regulation or executive order to close. 

  
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 (ii) All capitalized terms which are used herein and not otherwise defined herein are defined in
the Base Indenture and are used herein with the same meanings as in the Base Indenture. 
 Section 4.5 Effective Date. This
Supplemental Indenture shall be effective as of the date first above written and upon the execution and delivery hereof by each of the parties hereto. 

Section 4.6 Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which so executed
shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
 Section 4.7
Successors and Assigns. All covenants and agreements in the Indenture, as supplemented and amended by this Supplemental Indenture, by the Company will bind its successors and assigns, whether so expressed or not. 

Section 4.8 Effect of Headings. The Article and Section headings in this Supplemental Indenture are for convenience only and shall
not affect the construction hereof. 
 Section 4.9 Separability Clause. In case any provision in this Supplemental Indenture or
in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 4.10 Satisfaction and Discharge. The Company shall be deemed to have satisfied all of its obligations under this
Supplemental Indenture upon compliance with the provisions of Section 1402 of the Indenture relating to defeasance of the Notes, to the extent set forth in Section 1401. 

Section 4.11 Ratification of the Base Indenture. The Base Indenture as supplemented by this Supplemental Indenture, is in all
respects ratified and confirmed, and this Supplemental Indenture will be deemed part of the Indenture in the manner and to the extent herein and therein provided. 

Section 4.12 Governing Law. This Supplemental Indenture and the Notes shall be governed by, and construed in accordance with,
the laws of the State of New York. 
 Section 4.13 Trustee Disclaimer. The Trustee accepts the amendments of the Base
Indenture effected by this Supplemental Indenture, but on the terms and conditions set forth in the Base Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the
generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to (i) any of the recitals contained herein, all of which recitals are made solely by the Company, (ii) the proper authorization
hereof by the Company by action or otherwise, (iii) the due execution hereof by the Company or (iv) the consequences of any amendment herein provided for. 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Seventh Supplemental Indenture to be duly executed by
their respective officers hereunto duly authorized, all as of the day and year first above written. 
  

			
	REGIONS FINANCIAL CORPORATION
		
	By:	 	 /s/ Michael D. Smithy

	Name:	 	Michael D. Smithy
	Title:	 	Treasurer

  

			
	Attest:	 	 /s/ Hope D. Mehlman

	Name:	 	Hope D. Mehlman
	Title:	 	Assistant General Counsel and Assistant Secretary

  

			
	DEUTSCHE BANK TRUST COMPANY
	 AMERICAS, as Trustee

		
	By:	 	 /s/ Carol Ng

	Name:	 	Carol Ng
	Title:	 	Vice President
		
	By:	 	 /s/ Anthony D’Amato

	Name:	 	Anthony D’Amato
	Title:	 	Associate

 FORM OF FACE OF 3.200% SENIOR NOTES DUE 2021 

THE FOLLOWING LEGEND SHALL APPEAR ON THE FACE OF EACH GLOBAL SECURITY: 

THIS NOTE IS AN UNSECURED DEBT OBLIGATION OF THE COMPANY. THIS SECURITY IS NOT A DEPOSIT OR SAVINGS ACCOUNT AND IS NOT INSURED BY THE FEDERAL DEPOSIT
INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY. 
 THIS NOTE IS A SECURITY IN GLOBAL FORM (“GLOBAL
SECURITY”) WITHIN THE MEANING OF SECTION 203 OF THE BASE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY OR A NOMINEE OF THE DEPOSITORY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS
OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 UNLESS AND UNTIL IT IS EXCHANGED
IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE REGISTERED FORM IN THE LIMITED CIRCUMSTANCES REFERRED TO IN THE BASE INDENTURE, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A
NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. 

 REGIONS FINANCIAL CORPORATION 

3.200% SENIOR NOTES DUE 2021 

U.S.$500,000,000.00 
 CUSIP NO. 7591EPAK6 

ISIN NO. US7591EPAK68 
 REGIONS FINANCIAL
CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture referred to on the reverse hereof), for value
received, hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of five-hundred million dollars (U.S 500,000,000), as revised by the Schedule of Adjustments attached hereto, on February 8, 2021 and all
accrued and unpaid interest thereon on February 8, 2021, or if such day is not a Business Day, the following Business Day. The Company further promises to pay interest on said principal sum from and including February 8, 2016, or from the
most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, semiannually in arrears on February 8 and August 8 in each year (each an “Interest Payment Date”), commencing
August 8, 2016 at the rate of 3.200% per annum, computed for any full semiannual period on the basis of a 360-day year of twelve 30-day months and computed for any partial semiannual period on the actual days elapsed during such period,
until the principal hereof is due, and at the rate of 3.200% per annum on any overdue principal amounts, and, to the extent permitted by law, on any overdue interest. 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to
the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the immediately preceding January 24 or July 24, as the case may be, of each year (whether or not a Business Day) (each
such date, a “Regular Record Date”). Interest on the Outstanding Notes payable at maturity will be payable to the persons to whom principal is payable. Except as otherwise provided in the Indenture, any such interest not so punctually paid
or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a
Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities not less than 10 days prior to the Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any automated quotation system or securities exchange on which the Notes may be quoted or listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

 Payments of principal shall be made upon the surrender of this Note at the Corporate Trust Office of the Trustee, or at such other office
or agency of the Company 

  
 A-1 

 
as may be designated by the Company for such purpose in the Borough of Manhattan, The City of New York or in the City of Birmingham, Alabama, in such coin or currency of the United States of
America as at the time of payment is legal tender for the payment of public and private debts, by Dollar check drawn on, or transfer to, a Dollar account. Payments of interest on this Note may be made by Dollar check, drawn on a Dollar account,
mailed to the address of the Person entitled thereto as such address shall appear in the Security Register, or, upon written application by the Holder to the Security Registrar setting forth wire instructions not later than the relevant Record Date,
by transfer to a Dollar account. 
 Except as specifically provided herein and in the Indenture, the Company shall not be required to make
any payment with respect to any tax, assessment or other governmental charge imposed by any government or any political subdivision or taxing authority thereof or therein. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof or an Authenticating Agent by the manual signature of one of their respective authorized signatories, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose. 
 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed and delivered under its corporate seal. 

[Signature Page Follows] 

  
 A-2 

 
			
	REGIONS FINANCIAL CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	[Corporate Seal]
		
	Attest:	 	  

	Name:	 	
	Title:	 	
	
	Dated:                     

 (Trustee’s Certificate of Authentication) 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

							
		 		 	 DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Trustee

				
	Dated:                     	 		 	By:	 	  

		 		 		 	Authorized Signatory
				
		 		 	By:	 	  

		 		 		 	Authorized Signatory

  
 A-3 

 REVERSE SIDE OF NOTE 

This Note is one of a duly authorized issue of senior debt securities of the Company designated as its “3.200% Senior Notes due
2021” (the “Notes”), initially limited in aggregate principal amount to U.S. $500,000,000.00 issued and to be issued under an Indenture, dated as of August 8, 2005 (herein called the “Base Indenture”), between the
Company and Deutsche Bank Trust Company Americas, as Trustee (the “Trustee”, which term includes any successor trustee under the Base Indenture), as amended and supplemented by the Seventh Supplemental Indenture, dated as of
February 8, 2016 between the Company and the Trustee (the “Supplemental Indenture”; the Base Indenture, as amended and supplemented by the Supplemental Indenture, the “Indenture”), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes are, and
are to be, authenticated and delivered. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of any authorized denominations as requested by the
Holder surrendering the same upon surrender of the Note or Notes to be exchanged, at the Corporate Trust Office of the Trustee. The Trustee upon such surrender by the Holder will issue the new Notes in the requested denominations. 

No sinking fund is provided with respect to the Notes. The Notes are not subject to redemption at the option of the Company at any time prior
to January 8, 2021. The Notes are subject to redemption at the option of the Company, in whole or in part, at any time or from time to time, after January 8, 2021 at an aggregate Redemption Price equal to 100% of the principal amount of
the Notes being redeemed. The Notes will not be subject to redemption or repayment at the option of any Holder at any time prior to the Stated Maturity. 

The Notes are unsecured and rank equally among themselves and with all of the Company’s other unsecured and unsubordinated indebtedness.

 The Notes are issuable only in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess
thereof. 
 The Company may, without consent of the holders of the Notes, increase the principal amount of the Notes by issuing additional
securities in the future on the same terms and conditions as the Notes, except for any difference in the issue price and interest accrued prior to the date of issuance of the additional securities, and with the same CUSIP number as the Notes. The
Notes and any additional Notes issued by the Company would rank equally and ratably and would be treated as a single series for all purposes under the Indenture. 

  
 A-4 

 In any case where the due date for the payment of the principal of or interest on any Note at any
Place of Payment, as the case may be, is not a Business Day, then payment of principal or interest need not be made on or by such date at such place but may be made on or by the next succeeding Business Day, with the same force and effect as if made
on the date for such payment, and no interest shall accrue on the amount so payable for the period after such date. 
 If an Event of
Default (other than an Event of Default under Section 501(4) of the Base Indenture relating to a breach of the covenant contained in clause (x) of the second paragraph of Section 1009 of the Base Indenture) shall occur and be
continuing, the principal of all the Notes, together with accrued interest to the date of declaration, may be declared due and payable in the manner and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Notes under the Indenture at any time by the Company and the Trustee with the written consent of the Holders of not less than a majority in principal amount of the Notes at the time Outstanding.
The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes at the time Outstanding, on behalf of the Holders of all the Notes, to waive compliance by the Company with certain provisions of
the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note
issued in exchange herefor or in lieu hereof whether or not notation of such consent or waiver is made upon this Note or such other Note. 

As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default, the Holders of not less
than 25% in principal amount of the Outstanding Notes shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity satisfactory to it and the Trustee shall
not have received from the Holders of a majority in principal amount of the Outstanding Notes a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and
offer of indemnity. The foregoing shall not apply to any suit instituted by any Holder of this Note for the enforcement of any payment of principal of or interest on this Note or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and interest on this Note at the times, places and rate, and in the coin or currency, herein prescribed. 

  
 A-5 

 The Notes will be subject to defeasance and covenant defeasance pursuant to Sections 1402 and
1403 of the Base Indenture. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note
is registrable on the Security Register upon surrender of this Note for registration of transfer at the Corporate Trust Office of the Trustee or at such other office or agency of the Company as may be designated by it for such purpose in the Borough
of Manhattan, The City of New York or the City of Birmingham, Alabama (which shall initially be an office or agency of the Trustee), or at such other offices or agencies as the Company may designate, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder thereof or his attorney duly authorized in writing, and thereupon one or more new Securities, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees by the Security Registrar. No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum
sufficient to recover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentation of this Security
for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered, as the owner thereof for all purposes, whether or not such Security be overdue, and
neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 No recourse for the payment of the
principal of or interest on this Note and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any indenture supplemental thereto or in any Note, or because of the creation of any indebtedness
represented thereby, shall be had against any incorporator, stockholder, employee, agent, officer or director or subsidiary, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or
any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of consideration for the issue
hereof, expressly waived and released. 
 THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
 All capitalized terms used in this Note which are defined in the Indenture, and not otherwise defined herein,
shall have the meanings assigned to them in the Indenture. 

  
 A-6 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

I or we assign and transfer this Security to 
  

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint 
  

 
 as agent to transfer this Note on the books of the
Company. The agent may substitute another to act for him or her. 
  

							
		 		 		 	Your Signature
				
	Date:                     	 		 		 	  

		 		 		 	(Sign exactly as your name appears on the other side of this Note)

 * Signature guaranteed by: 
  

			
	By:	 	  

  

	*	The signature must be guaranteed by an institution which is a member of one of the following recognized signature guaranty programs: (i) the Securities Transfer Agent Medallion Program (STAMP); (ii) the New
York Stock Exchange Medallion Program (MSP); (iii) the Stock Exchange Medallion Program (SEMP); or (iv) such other guaranty program acceptable to the Trustee. 

  
 A-7 

 Schedule A 

SCHEDULE OF ADJUSTMENTS 
 Initial Principal
Amount: U.S.$ 500,000,000.00 
  

									
	 Date

adjustment
 made
	 	 Principal

amount
 increase
	 	 Principal

amount
 decrease
	 	 Principal

amount
 following

adjustment
	 	 Notation made

on behalf of the

Security
 Registrar

	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    
	
                    
	 	                    	 	                    	 	                    	 	                    

  
 A-8

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