Regions Bank is a full-service institution with a full range of financial products and services in the areas of trust, asset management, mortgage banking, securities brokerage and insurance, in addition to traditional banking products and services.
COMPANY PROFILE
Regions Financial Corporation, with $127 billion in assets, is a member of the S&P 500 Index and one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,700 banking offices and 2,100 ATMs. Its investment and securities brokerage trust and asset management division, Morgan Keegan & Company Inc., provides services from over 90 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com.
History
Regions Financial Corporation was formed in 1971 as First Alabama Bancshares Inc., Alabama's first multibank holding company. With the combination of three well-respected banks, the holding company began operations with a total of $543 million in assets and 40 banking locations in Birmingham, Huntsville and Montgomery.
The company was renamed Regions Financial Corp. in 1994 to better reflect its growing presence throughout the South. Its merger with Memphis, Tenn.-based Union Planters Corp. took place in July 2004, creating a Top 15 U.S. bank. Its merger with AmSouth Bancorporation on November 4, 2006, created a Southeast-based financial powerhouse ranking as one of the top banks in the nation. Serving some 5 million households throughout the South, Midwest and Texas, Regions is a full-service provider of retail and commercial banking, trust, securities brokerage, mortgage, and insurance products and services.
Retail and Commercial Banking
Regions Bank is a full-service institution with a full range of financial products and services in the areas of trust, asset management, mortgage banking, securities brokerage and insurance, in addition to traditional banking products and services. The bank operates across a 16-state geographic footprint, including Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia.
Commercial banking at Regions has expanded to mean not only increased lending capacity and a responsive credit approval process, but enhanced treasury management and international products, as well. Regions offers its commercial banking customers a full range of capital markets and investment banking products and services, as well as permanent loan placements, public finance, corporate finance and merger and acquisition products and services, and risk management products such as interest rate derivatives.
Brokerage, Investment Banking, & Trust
Regions provides investment and brokerage services from some 90 offices of Morgan Keegan & Company, Inc., one of the nation's largest full-service investment firms. Morgan Keegan, a member of FINRA and SIPC, offers comprehensive investment banking, securities brokerage, and wealth management services to meet the diverse financial needs of individual investors, corporate and institutional clients throughout the United States and abroad.
Regions Morgan Keegan Trust is the trust and asset management unit of Regions, and includes the RMK Timberland Group which manages more than 1.5 million acres. Morgan Asset Management is the investment advisor to Regions Morgan Keegan Trust.
Mortgage
Regions Mortgage is one of the nation's top residential mortgage loan originators and servicers. The balanced, focused mortgage business offers a full array of residential mortgage products and services through its retail and correspondent lending channels.
Insurance
In 2004, Regions Financial Corporation created Regions Insurance Group, Inc., the corporate structure for all of the company's insurance-related subsidiaries. Through its insurance brokerage operations in Mississippi, Alabama, Indiana, Tennessee, Texas, Missouri, Arkansas and Louisiana, Regions Insurance Group offers all lines of personal and commercial insurance, including property, casualty, life, health and accident. Regions Insurance Services offers credit-related insurance products (title, term life, credit life, debt cancellation, environmental, crop and mortgage insurance) to customers of Regions. With $117 million in annual revenues and 30 offices in eight states, Regions Insurance Group is one of the largest bank-owned insurance brokers in the United States.
Facts About Regions
- Regions, which trades on the New York Stock Exchange under ticker symbol RF, ranks on the Fortune 500 listing of America's largest companies.
- The U.S. Small Business Administration consistently ranks Regions as one of the top small business-friendly financial services providers in the country.
- Regions is a member of the Identity Theft Assistance Corp., a non-profit consortium of financial institutions piloting an Identity Theft Assistance Center (ITAC) that helps fight identity theft and assists consumers who have been affected by the crime.
- Regions is a member of the S&P 500 Index.
- Learn More about Regions' Awards
Investment services are provided through Morgan Keegan & Company, Inc., a subsidiary of Regions Financial Corporation and a member FINRA and SIPC. Securities and insurance products sold through Morgan Keegan are not FDIC insured, not a deposit, not an obligation of or guaranteed by Regions Bank, its affiliates, or any government agency, and may lose value.