Regions Financial Corporation (NYSE:RF), with $125 billion in assets, is a member of the S P 500 Index and is one of the nation s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 1,900 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com .
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 10 banks in the nation. Serving some 4 million households throughout the South, Midwest and Texas, Regions is a full-service provider of retail and commercial banking, wealth management, 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 wealth management, mortgage banking, and insurance, in addition to traditional banking products and services. The bank operates in approximately 1,500 offices and a 1,900-ATM network across Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee and Texas.
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, as well as risk management products such as interest rate derivatives.
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.
In 2004, Regions Financial Corporation created Regions Insurance Group, Inc. the corporate structure for all of the company s insurance-related subsidiaries. Currently, with more than 600 employees in 28 offices across 10 states, Regions Insurance Group offers all lines of personal and commercial insurance, including property, casualty, life, health and accident. Regions Insurance Services offers credit-related products (debt cancellation, environmental insurance, crop insurance and mortgage insurance) and other direct marketed insurance products to customers of Regions. Regions Insurance is ranked among the top 30 insurance brokers in the United States and is on target to continue to grow, expanding both organically and through strategic acquisitions.
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.
- 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.
- Ranked among the top 10% of companies rated in the 2016 Temkin Web Experience Ratings .
- Recognized by the advisory firm Reputation Institute and the American Banke r magazine as having the best overall reputation among U.S. banks in 2016.