Regions Financial Corp.

                                   
 
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Recruiters Target Morgan Keegan Brokers
The Regions Financial Corp. unit is vulnerable to poaching as reps find themselves in the awkward position of having to explain the firm's missteps to their clients. Moreā€¦
 

Overview

Regions Financial Corp. is a financial holding company for a regional bank based in Birmingham, Ala. It provides commercial, retail and mortgage banking services, as well as investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing. The bank has 1,900 offices in 16 states in the South, Midwest and Texas. Regions Bank is its commercial bank. Morgan Keegan & Co. Inc. is its investment and securities brokerage, trust and asset management division, which has about 400 offices.

Like other U.S. banks, Regions was hurt by the credit crisis, weighed down by its exposure to residential mortgages and commercial real estate in Florida. It also recently acquired two failed banks from the Federal Deposit Insurance Corp.

Sectors

Recruiting


The bank came under scrutiny in March 2009 when it announced that it would stop matching employee 401(k) contributions until the economy improves. This move came in the wake of the acceptance of $3.5 billion in TARP funds and was followed by the announcement of a restricted stock bonus package for the company's CEO, C. Dowd Ritter, who opted out of a cash bonus for 2008.

Facts & Resources


Employees:   28,500
Stock Quote   RF
Company Site:   www.regions.com
Career Site:   Careers



Resources


Subsidiaries & Divisions



 

 




 
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