Regions Financial Corporation: One of The Largest Banks in the United States.
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Here I would like to introduce you to some unfamiliar companies that you may probably haven't heard of, and hope it can be of some help to your investments.
The company I'm going to introduce this time is $Regions(RF)$.
It went public in November 1981.
Regions Financial Corporation is abank holding company headquartered in the Regions Center in Birmingham, Alabama. The company provides retail banking and commercial banking, trust, stock brokerage, and mortgage services.
Regions is the largest deposit holder in Alabama and Tennessee. It is also one of the largest deposit holders in Arkansas, Louisiana, Mississippi, and Florida.
[History & Events]
1971: The holding company began operations with 40 locations in Birmingham, Huntsville and Montgomery.
1981: The company went public.
1998: The name "Regions" was purchased from First Commercial Corporation, the Arkansas Bank that Regions subsequently purchased.
2001: Regions acquired Morgan Keegan & Company.
2006: Regions acquired AmSouth Bancorporation, another Birmingham-based bank.
2012: Regions sold Morgan Keegan to Raymond.
2018: the company sold its insurance operations to BB&T.
2021: Regions announced they would acquire home improvement lender EnerBank USA for $960 million.
[Main Business Segments]
[Net Income & Total Revenue]
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