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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).
Hall joined the Regions Financial Corporation in 1980. [2] He has served as its chief executive officer since 2010, and as its chairman since 2013. [1] He earned "just under $12 million" in 2012. [4] Hall was awarded the 2016 Mann Medal in Ethics and Leadership by Samford University in 2015. [2]
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,700 banking offices and 2,000 ATMs.
Union Planters and Regions were given an equal number of seats on the board of directors. [3] According to the Federal Reserve Order Approving the Merger, Union Planters Bank was the thirty-ninth largest bank in the United States , having total consolidated assets of $31.5 billion and controlling deposits of $22.8 billion.
The 39 branches divested in Alabama were sold to RBC Centura Bank and converted in Spring 2007. On November 4, 2006, Regions completed its acquisition of AmSouth. [2] AmSouth branches in Alabama, Florida, or Columbus, GA, either closed or converted to Regions on July 13, 2007.
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Dec. 22—SouthWest Bank has announced new appointments to the board of directors. Micah Foster has accepted an appointment to SouthWest Bank's board of directors as an advisory board member, and ...