Bailout Bank Bio: Regions Financial

Jan 12, 2009 | 2 min read | Print Article

Regions Financial Corporation is a financial holding company that operates throughout the South, Midwest and Texas, with approximately 1,900 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. The company is headquartered in Birmingham, Alabama. Its banking operations are through Regions Bank, a state-chartered commercial bank. As of 2008, regions held more than $144 billion in assets, placing it in the top ten of banks in the United States. Regions was an early recipient of capital from the Treasury’s Capital Purchase Program, and the $3.5 billion it received is one of the largest cash infusions distributed under the program.

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Bailout Bank Bio: Regions Financial


Federal Equity Investment	$3.5 billion
Total Revenue	$10.93 billion (2007) $9.64 billion (2008)
Net Income (Loss)	$1.251 million (2007) $(5.60 billion) (2008)
Number of Employees	30,673
Corporate Headquarters	Birmingham, Alabama
Business Sector	Bank
Officers and Directors	C. Dowd Ritter, Chairman of the Board, President, Chief Executive Officer Other Officers and Directors
Corporate Website	http://www.regions.com/
Executive Compensation	Regions Financial