Regions Bank
If you have been to the Regions Bank website lately, you have probably noticed its site graphics that is color themed with green and orange. Another particularly interesting is the side graphic with a woman riding on a bicycle. You can notice that she’s wearing helmet. At first glance, the website’s graphical elements may not weigh much on your side, unless of course you’re a graphic artist, you’d probably admire the whole thing. But more than aesthetical purpose, the color and the woman on bike with helmet are objects that represent the Regions Bank.
Regions Bank is wholly operated by the Regions Financial Corporation. It is one of the members of S&P Index 100 and now has overall assets of $140 billion making it the biggest financial service providers for commercial and consumer banking focusing on securities brokerage, trust, insurance and mortgage.
Today, Regions Bank locations are now spread across sixteen states in America. With the help of the company’s subsidiaries, Regions Bank is operating more than one thousand nine hundred offices of AmSouth bank and the Regions Bank, and an ATM network of 2400 sites. Meanwhile, Regions Financial Corporation is serving 450 areas through Morgan Keegan & Company, Inc., the company’s division for trust & asset management and securities and investment brokerage.
Although brief in its history of operation, Regions Bank has made remarkable achievements in the course of time. Regions Bank’s commercial roots can be traced back to 1971, the year when First Alabama Bancshares, Inc. was founded. As the name implies, the First Alabama Bancshares Inc. was indeed the first multi-bank holding company in the State. The company was formed after combining Alabama’s three most reputable banks serving the locals in Huntsville, Birmingham and Montgomery. With the combined assets of the three banks, First Alabama Bancshares started out with assets totaling to $543 million.
It was only in 1994, that the name Regions Financial Corporation was adapted. Because it was merging with many banks and providers, the company had to show its increasing presence in the Southern regions of America. To further its expansion, Regions Financial Corporation agreed a merger with Union Planters Corporation in Tennessee making it land on the top fifteen banks in the United States in 2004. To capture more clients in the South Eastern parts, Regions Financial Corporation made merger once more with AmSouth Bancorporation in 2006.
Regions Bank today is now a full service provider of commercial and retail banking with offices in Virginia, North Carolina, Tennessee, South Carolina, Texas, Missouri, Mississippi, Louisiana, Kentucky, Iowa, Indiana, Illinois, Georgia, Florida, Arkansas and Alabama and wireless through the Regions Bank online banking service.
Regions is able to strengthen its services for trust, investment banking and brokerage through $75 billion assets of Morgan Keegan Trust. The company is also revered as one of the top servicers and originators of mortgage loans for residential applications in the United States. Its insurance division is the latest addition to their family. Inaugurated in 2004, Regions Insurance Group is now a top insurer for accident, health, life, casualty, property and other personal and commercial insurance policies.
On top of the company’s expansion is the industry recognition to Regions Bank superior and excellent service. In 2007, Regions Bank is included in the Top Ten Most Admired Supper Regional Banks in the US by Fortune Magazine.
The opening statement in the company information page of Regions Bank says “It’s Time To Expect More”. Indeed, there is, because in these days when uncertainties constantly cloud people’s minds, it’s good to know that there is bank that you can lean on and share your dreams with, a bank that you can entrust your dreams and hope for more. The color orange symbolizes freshness and green stands for optimism – symbols of the company’s youthful yet strong lead in the market. The woman with helmet on bike is you, even with the simplest investment like a bicycle, Regions is there to propel and protect your future.