O. B. Grayson Hall Jr.
Chairman & CEO
John M. Turner Jr.
President & Head of the Corporate Banking Group
David J. Turner Jr.
Senior EVP & CFO
Regions Bank was founded in the year 1971. The company has been operational for almost 48 years now. The former name of the company was First Alabama Bancshares. It was formed when three banks in Alabama merged together, which were - Exchange Security Bank of Birmingham, First National Bank of Montgomery and First National Bank of Huntsville. The banks continued to maintain their operations independently, but in the year 1985, the law changes made the banks to merge formally. In the year 1986, the company also expanded into Florida, USA, as well. Afterwards, the company had also extended to the southeast as well.
Then in the year 1992, the company changed its name to Regions Financial Corporation and Regions Bank. In the year 2000, the company was taken over by Morgan Keegan, and the same division was to Raymond James in the year 2012. As of the year 2002, the company had become a limited public entity as well. The company had amalgamated with Union Planters Bank, in the year 2004. Two years later, in the year 2006, the company had acquired AmSouth Bancorporation, for about $10 million. In the year 2008, a $3.5 million loan was sanctioned to the company as a part of the Troubled Asset Relief Program. The company repaid the credit in the year 2012. As of the year 2018, the company had sold its insurance operations to BB&T. The headquarters of the company is based in 1900 Fifth Avenue. The name of the place is Birmingham, while the name of the state is Alabama, USA. The pin code of the area is 35203.
Regions Bank is an American organisation that focuses on providing various kinds of banking and financial services to its customers. The current CEO and president of the company are John M Turner Jr. As of the year 2018, the total revenue sales generated by the company is more than $6.7 billion. Also, the number of employees currently working at the company is more than 19,960. The current capital ratio of the company is 10.9 per cent, as of 2018. The Bank has over 1,900 ATMs and also more than 1,400 branches across 15 states of the south and the mid-western USA. The company is ranked at 460 places on the Fortune 500 companies list. It is also the 22nd largest Bank located in the USA.
The primary services provided by the company is to allow customers and clients to obtain financial and banking needs offered by the company. This includes retail banking, mortgage services, stock brokerage, commercial banking, asset management, insurance services, investment banking, etcetera.
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