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What bank took over AmSouth?
Regions Financial Corp.
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.
Is AmSouth and regions the same?
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.
Is Regions Bank now AmSouth?
AmSouth Bank, N.A. is now part of Regions Bank, a subsidiary of Regions Financial Corporation. AmSouth Asset Management, Inc. is now part of Morgan Asset Management, which is also a subsidiary of Regions Financial Corporation.
What did AmSouth Bank change to?
Charles Linn From its incorporation in 1972 until 2006, when it was taken over by Regions Financial Corporation, AmSouth Bancorporation was one of Alabama’s largest and most prosperous financial institutions.
Who did AmSouth bank merge with?
Regions Financial
SAN FRANCISCO (MarketWatch) — AmSouth Bancorp and Regions Financial on Saturday completed their $10 billion merger, creating one of the top 10 bank holding companies in the U.S. market.
When did regions buy AmSouth bank?
2006
Regions-AmSouth Merger AmSouth’s merger with Regions in 2006 enabled the new entity to become the nation’s eighth largest bank, with assets of approximately $140 billion and more than 2,000 branches.
When did AmSouth become Regions Bank?
July 13, 2007
Merger with Regions Financial Corporation 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.
When did AmSouth bank close?
AmSouth Bancorporation
| Industry | Finance and Insurance |
|---|---|
| Defunct | November 4, 2006 |
| Fate | Merged with Regions Bank |
| Successor | Regions Financial Corporation |
| Headquarters | AmSouth Center Birmingham, Alabama, USA |
Who did AmSouth Bank merge with?
Did AmSouth buy regions?
SAN FRANCISCO (MarketWatch) — AmSouth Bancorp and Regions Financial on Saturday completed their $10 billion merger, creating one of the top 10 bank holding companies in the U.S. market.
What did Regions Bank used to be called?
First Alabama Bancshares
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 …
What states have Regions Bank?
Overview. Regions Bank and its account offerings are limited to customers in the 15 following Southern and Midwestern states: Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee and Texas.
Which states have regions banks?
When did Regions Bank merger with AmSouth?
November 4, 2006