Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates almost 1,800 banking offices and 2,200 ATMs. Its Investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 300 offices.
The company has over $135 billion in assets.
In 2009, the company reported revenues of $9.0 billion and net loss of $1.03 billion.
Regions Financial Corporation was formed by the merger of Regions Financial Corp. and Union Planters Corp. on July 1, 2004.
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.
In May 2006, Regions and Birmingham-based AmSouth Bancorporation announced plans to merge. Shareholders of each company approved the transaction in October and on November 4, 2006, the merger of Regions and AmSouth was completed.
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Updated October 1, 2010