BIRMINGHAM, Ala.--(BUSINESS WIRE)--Nov. 4, 2006--Regions Financial
Corp. (NYSE: RF) announced today that it has completed its merger with
AmSouth Bancorporation (NYSE: ASO).
"This creates a top 10 U.S. bank holding company with leading
positions in some of the fastest growing markets in the United States
and an even broader range of products, services and locations for our
5 million customer households," said Jackson W. Moore, chairman of
Regions' Board of Directors.
"With the combination of these two great companies we have
redoubled our commitment to providing great service to our customers
and forming strong relationships with our communities," said Dowd
Ritter, president and chief executive officer of Regions and the
former chairman, president and chief executive officer of AmSouth.
Customers of the new Regions will have immediate, free access to
Regions and AmSouth's combined 2,800 ATMs for cash withdrawals. Merger
integration teams formed earlier this year are continuing their work,
and conversion of AmSouth branches and other operations will begin in
mid-2007. Customers will be notified in advance if there are any
changes to their banking relationships, however the company's goal is
to make the process as invisible and seamless as possible for
AmSouth and Regions announced plans to merge in May 2006, and
shareholders of each company approved the transaction in October.
Regions Financial Corporation is a member of the S&P 100 Index
and, with more than $140 billion in assets, one of the nation's
largest full-service providers of consumer and commercial banking,
trust, securities brokerage, mortgage and insurance products and
services. Regions serves customers in 16 states across the South,
Midwest and Texas, and through its subsidiary, Regions Bank, operates
some 2,000 AmSouth and Regions banking offices and a 2,800-ATM
network. Its investment and securities brokerage, trust and asset
management division, Morgan Keegan & Company Inc., provides services
from over 300 offices. Additional information about Regions and its
full line of products and services can be found at www.regions.com.
CONTACT: Regions Financial Corporation, Birmingham
Rick Swagler, 205-801-0105
List Underwood, 205-801-0265
SOURCE: Regions Financial Corporation