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Regions Geographic Footprint. Regions Financial Corporation, formerly known as First Alabama Bankshares, was founded on July 13, 1971 with the merger of three Alabama banks: First National Bank of Montgomery, Alabama (opened 1871), Exchange Security Bank of Birmingham, Alabama (opened 1928), and First National Bank of Huntsville, Alabama (opened 1856).
Berks County Trust Company. Wyomissing Valley Bank, Temple State Bank, Mount Penn Trust Company, Reamstown Exchange Bank, Schuylkill Trust Company. Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo. 1964. National Bank of Commerce. Texas National Bank.
12,000 (2006) Website. amsouth.com (now defunct) AmSouth Bancorporation was a banking company headquartered in Birmingham, Alabama, and operated for its final year in existence as a bank holding company (subsidiary) of Regions Financial Corporation after a merger between the two banks. AmSouth was previously known as First National Bank of ...
In 2004, Regions Financial Corporation of Birmingham, Alabama entered merger negotiations with Union Planters Bank. Regions was the surviving company in the resulting $5.9 billion transaction, with over 1,400 branches throughout the South and Midwest. Union Planters and Regions were given an equal number of seats on the board of directors. [3]
Regions (RF) completes the acquisition of Sabal. The buyout posies it to see origination and servicing fee growth, further enhancing non-interest revenues and diversifying overall revenues.
Regions Financial Corporation: Birmingham, Alabama: $155 7.0 $18.02 RF 33 Discover Financial: Riverwoods, Illinois: $152 7.0 $28.11 DFS 34 Synchrony Financial: Stamford, Connecticut: $121 – $15.80 SYF 35 Deutsche Bank: New York City: $113 9.0 $27.49 DB 36 New York Community Bank: Hicksville, New York: $112 – $7.39 NYCB 37 First Horizon ...
During the merger frenzy within regional brokerages of the late 1990s and early 2000s, the firm was sold to Regions Financial Corporation for $789 million. Due to his concentration in Morgan Keegan stock at that time of the merger, Morgan remains the largest non-institutional shareholder of Regions, according to Bloomberg. As such, Morgan ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.