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Regions Bank

Regions Bank, USA is one amongst the top banks in USA. Regions Bank (chartered as the Regions Financial Corporation) is one of the publicly held companies based in Birmingham. Regions Financial Corporation offers securities brokerage, commercial and retail banking, insurance products and services, trust, and mortgage. The merging of Regions Bank with AmSouth Bancorporation on May 25, 2006 created one of the 10 largest banking corporations in the US with total assets of more than $140 billion.

This financial company is part of the S&P 100 index and deals on the New York Exchange under the ticker symbol of RF. This page by Worldbankshub.com offers you detailed information on the Regions Bank in USA.

After the merger with AmSouth, the combined company shifted its headquarters to the Regions Center, which was previously known as the AmSouth Center, across20th Street North. The banking division of Regions operates 2,000 bank branch offices and 2,600 ATMs. According to the history of the Regions Bank, the Regions Financial Corporation was established on July 13, 1971 by the joint efforts of the Security Exchange Bank of Birmingham, the First National Bank of Montgomery, and the First National Bank of Huntsville. This combined company became known as the First Alabama Bancshares – the first state-chartered bank holding company situated in Alabama. At this time, the combined banks had its operation in 40 locations in Birmingham, Montgomery and Huntsville and held a total asset of $543 million. Many other acquisitions took place later that extended the holding company’s reach.

Gradually there came several changes and the bank expanded its operations outside the state by entering first into Florida, then into Tennessee, Georgia and Arkansas. Over the years Regions successfully added several banking branches. At Regions Bank, many types of loans are offered to meet the needs and demands of their clients. The Regions Bank Student Loan is a similar type of facility offered to needy students who requires financial aid for their further studies.

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