What bank did AmSouth become?
Regions Financial Corp.
Regions Financial Corp. last night struck a $10 billion deal to combine with its hometown rival AmSouth Bancorp, as the two Birmingham, Ala., banks gird for competition with national giants that are themselves growing larger.
Who bought AmSouth Bank?
In a deal announced early Thursday, Regions Financial Corp. will acquire AmSouth Bancorporation in a stock swap valued at $9.8 billion. The combined companies will retain the Regions name.
What bank did regions buyout?
In 2002, Regions acquired Independence Bank for approximately $24 million in cash. On January 24, 2004, Regions merged with Memphis, Tennessee–based Union Planters Bank in a $5.9 billion transaction. Jackson W. Moore, the former CEO of Union Planters, became CEO of the merged company.
What did Regions Bank used to be called?
In 1994, to reflect its growth into a regional company, First Alabama Bancshares changed its name to Regions Financial Corporation and the name of its banking subsidiary to Regions Bank.
Who bought Deposit Guaranty Bank?
Just last year, First American of Nashville acquired Jackson-based Deposit Guaranty National Bank in a merger valued at $2.7 billion. The new merger, expected to be completed in late 1999, will create a franchise with $40 billion in assets serving 2 million households in nine states.
Is Regions Bank publicly traded?
The company provides retail banking and commercial banking, trust, stockbrokerage, and mortgage services….Regions Financial Corporation.
| Trade name | Regions Bank |
|---|---|
| Type | Public company |
| Traded as | NYSE: RF S&P 500 Index component |
| Industry | Financial services |
| Founded | 1971 as First Alabama Bancshares |
What banks did regions buyout?
“Regions’ agreement to acquire Clearsight Advisors, as well as our acquisitions of Sabal Capital Partners, home improvement lender EnerBank, Ascentium Capital, and others, reflect this strategy in action.
What is AmSouth Bancorporation?
AmSouth Bancorporation. Jump to navigation Jump to search. 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.
What happened to AmSouth Bank?
AmSouth was in the financial services industry and at its peak employed over twelve thousand people. AmSouth’s size more than doubled in 2000 when it absorbed Nashville, Tennessee -based First American National Bank. With the merger came hundreds of branches primarily in Tennessee but also in Kentucky, Virginia, and Mississippi.
How did AmSouth become the largest bank?
Under Woods ’ direction, AmSouth expanded rapidly during the 1970s and early 1980s by purchasing competitors and integrating their assets and branches into the AmSouth banking chain. By the early 1980s, AmSouth had become the largest banking chain in Alabama, with nearly 20 percent of all state bank deposits.
When did regions buy AmSouth Bank?
On November 4, 2006 Regions completed its acquisition of AmSouth. AmSouth branches in Alabama, Florida, or Columbus, GA, either closed or converted to Regions on July 13, 2007.