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Quick Facts

Phone Number:
1-800-734-4667
Bank Website:
regions.com
Assets Managed:
$135.59 Billion
Headquarters:
Birmingham, AL
Date Established:
January 1st, 1928
Equal Housing Lender / Member FDIC
Regions Bank

Profile Information:

Bank Headquarters: Birmingham, Alabama, USA
Stock Symbol: RF
CEO: O. B.Grayson Hall Jr.


Regions Bank is a financial holding company that operates throughout the South, Midwest and Texas. The company was formed in 1971 with the merging of three banks in the State of Alabama, making it the true heart of the company. The companies that merged together were the First National Bank of Montgomery, The Exchange Security of Birmingham, and the First National Bank of Huntsville. This was the birth of the first multi-bank holding company in Alabama. The company changed names many times over the years until May 2, 1994 in which the bank became known as Regions Bank.

The company as it currently stands provides retail and mortgage banking services, commercial banking and other financial services such as investment banking and asset management. Regions conducts its banking operations through Regions Bank, an Alabama chartered commercial bank.

The bank is in the top ten in terms of size within the United States. Regions Bank, operates some 2,000 branches and 2,400 ATMs across a 16-state network over the United States. The parent company is also one of the top 15 financial services providers in the nation.

In 2009 the U.S. Small Business Administration (SBA) ranked Regions Banking third among large U.S. banks, which above all placed emphasis on the bank’s lending to small business companies. The lending to micro businesses can be seen as a contributing factor to the birth of industry in states in which there has not been as much investment. Along with being the number one investor in Micro businesses in Alabama, Regions recently became the biggest investor in micro businesses in the neighbouring state of Tennessee and improved its ranking in 14 of the 16 states in which the ranking based on small business investment was measured. This niche investment into micro businesses will help the business grow given the potential for businesses to grow under the right direction.

In monetary terms the bank reported revenues of $10.75B in 2008 and a Net income of $US1.251B in the same year. The asset totals for the company were totalled at $US146B in the year ending 2009. The bank employees 30,784 people throughout its operations. Regions Bank is currently growing with the acquisition of other banks and bonding and insurance companies, including the 2008 acquisition of assets from Barksdale Bonding and Insurance, Inc.
Regions provides investment banking, brokerage and trust services in approximately 332 offices of its subsidiary; Morgan Keegan.

Regions Bank has a strong interest in sponsorship having taken over the sponsorship for the Regions Charity Classic which is an American Golf Tournament held in Hoover, Alabama.
In 1987 the bank became the first bank in Alabama to provide phone banking system to their customers. In the year prior the bank was a played a role in the organisation of the states ATM system which went online in April 1986, a technology which has since become the easiest way to get money from a bank account.








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