REGIONS FINANCIAL CORPORATION
Sector: Indices SP 100
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Regions Financial Corporation, a financial holding company, offers various financial services in the United States. It offers banking, brokerage and investment services, mortgage banking, insurance brokerage, credit life insurance, commercial accounts receivable factoring, and specialty financing. The company conducts its banking operations through Regions Bank, an Alabama chartered commercial bank. As of December 31, 2004, the company operated 1,323 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, and Texas. The company offers various products and services, including securities brokerage, asset management, financial planning, mutual funds, securities underwriting, sales and trading, and investment banking. It also originates and services mortgage loans for long-term investors. The company acts as a general insurance broker offering various insurance products primarily focusing on commercial property and casualty insurance customers. It also acts as a reinsurer of credit life and accident, and health insurance. Regions Financial Corporation is headquartered in Birmingham, Alabama.