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Regions Geographic Footprint. Regions Financial Corporation, formerly known as First Alabama Bankshares, 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).
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Hall joined the Regions Financial Corporation in 1980. [2] He has served as its chief executive officer since 2010, and as its chairman since 2013. [1] He earned "just under $12 million" in 2012. [4] Hall was awarded the 2016 Mann Medal in Ethics and Leadership by Samford University in 2015. [2]
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.
Jackson W. Moore was born in Birmingham, Alabama on November 2, 1948. He grew up in Clanton, Alabama and graduated from Chilton County High School in 1966. In the fall of 1966, at the age of seventeen, Moore enrolled at the University of Alabama, where he received his bachelor's degree in banking and finance in 1970. [1]
In 2004, Regions Financial Corporation of Birmingham, Alabama entered merger negotiations with Union Planters Bank. Regions was the surviving company in the resulting $5.9 billion transaction, with over 1,400 branches throughout the South and Midwest. Union Planters and Regions were given an equal number of seats on the board of directors. [3]
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A national bank is a bank that is nationally or federally chartered and is allowed to operate throughout the country in any state. An advantage of holding a National Bank Act charter is that a national bank is not subject to state usury laws intended to prevent predatory lending. [16] (However, see also Cuomo v.