Regions Financial

Regions Financial Corporation (Regions) is a financial holding company headquartered in Birmingham, Alabama, which operates throughout the South, Midwest and Texas. The Company’s operations consist of banking, brokerage and investment services, mortgage banking, insurance brokerage, credit life insurance, leasing, commercial accounts receivable factoring and specialty financing. Regions conducts its banking operations through Regions Bank, an Alabama chartered commercial bank that is a member of the Federal Reserve System. As of December 31, 2006, it operated approximately 2,000 full service banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia. In November 2006, Regions and AmSouth Bancorporation (AmSouth) completed a merger of the two companies. AmSouth was a bank holding company headquartered in Birmingham, Alabama.



Pro



Texas, much of the developing/developed south. Centered in tennesee.



Third largest regional bank behind wells fargo and bb&T

Claim very limited sub prime
some exposure to alt A.
Claim No ABP(asset backed paper)





Con

Florida exposure, Lots of mississippy