First Alabama Bancshares
 |
|
| Public company | |
| Traded as | : RF S&P 500 Component |
| Industry | Financial services |
| Founded | 1971 (as First Alabama Bancshares) |
| Headquarters |
Regions Center Birmingham, Alabama, United States |
|
Number of locations
|
1,906 ATMs and 1,527 banking offices |
|
Key people
|
O. B. Grayson Hall, Jr., President and CEO David J. Turner, Jr., CFO |
| Products |
Commercial banking Retail banking Mortgage banking Investment banking Asset management Insurance |
| Revenue |  US$3.814 billion (2016) |
| US$1.158 billion (2016) |
|
| US$1.163 billion (2016) |
|
| Total assets | US$125.968 billion (2016) |
| Total equity | US$17.124 billion (2016) |
|
Number of employees
|
22,166 (2016) |
| Capital ratio | 11.05% |
| Website | Regions.com |
Regions Financial Corporation is a bank and financial services company headquartered in the Regions Center in Birmingham, Alabama. The company provides retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services.
Regions is the only member of the Fortune 500 headquartered in Alabama, and was ranked #436 in 2017. Regions is also on the list of largest banks in the United States
Its banking subsidiary, Regions Bank, operates 1,906 automated teller machines and 1,527 banking offices across 15 states in the southern United States.
As of June 30, 2016, Regions was the largest deposit holder in Alabama, with $22.586 billion in local deposits, or 23.26% of all local deposits. In Tennessee, Regions is also the largest deposit holder with $17.3 billion in total deposits, or 14.1% of all local deposits. Regions has $4 billion in deposits (7.5% of local deposits) in Arkansas, $7.2 billion in deposits (7.6% of local deposits) in Louisiana, $6.6 billion in deposits (13.8% of local deposits) in Mississippi, and $19.1 billion in deposits (4.2% of local deposits) in Florida.
The company's headquarters is in the Regions Center in Birmingham, Alabama.
Regions Financial Corporation, formerly known as First Alabama Bancshares, 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). The headquarters of First National Bank of Huntsville was a historic building built in 1835. It served as a hospital for Union soldiers during the American Civil War, and once held a rifle owned by Frank James as collateral for bail money when he was incarcerated across the street in the Madison County Jail.
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