Regions Bank 2008 Annual Report Download - page 12

• The effects of increased competition from both banks and non-banks.
• The effects of geopolitical instability and risks such as terrorist attacks.
• Possible changes in consumer and business spending and saving habits could affect Regions’ ability to
increase assets and to attract deposits.
• The effects of weather and natural disasters such as droughts and hurricanes.
The words “believe,” “expect,” “anticipate,” “project” and similar expressions often signify forward-looking
statements. You should not place undue reliance on any forward-looking statements, which speak only as of the date
made. We assume no obligation to update or revise any forward-looking statements that are made from time to time.
See also Item 1A. “Risk Factors” of this Annual Report on Form 10-K.
Item 1. Business
Regions Financial Corporation (together with its subsidiaries on a consolidated basis, “Regions” or
“Company”) is a financial holding company headquartered in Birmingham, Alabama, which operates throughout
the South, Midwest and Texas. Regions provides traditional commercial, retail and mortgage banking services, as
well as other financial services in the fields of investment banking, asset management, trust, mutual funds,
securities brokerage, insurance and other specialty financing. At December 31, 2008, Regions had total
consolidated assets of approximately $146.2 billion, total consolidated deposits of approximately $90.9 billion
and total consolidated stockholders’ equity of approximately $16.8 billion.
Regions is a Delaware corporation that, on July 1, 2004, became the successor by merger to Union Planters
Corporation and the former Regions Financial Corporation. Its principal executive offices are located at 1900
Fifth Avenue North, Birmingham, Alabama 35203, and its telephone number at that address is [phone].
Banking Operations
Regions conducts its banking operations through Regions Bank, an Alabama chartered commercial bank
that is a member of the Federal Reserve System. At December 31, 2008, Regions operated approximately 2,300
ATMs and 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 following chart reflects the distribution of branch locations in each of the states in which Regions
conducts its banking operations.
Branches
Alabama .............................................................. 251
Arkansas ............................................................. 114
Florida ............................................................... 420
Georgia .............................................................. 155
Illinois ............................................................... 72
Indiana ............................................................... 66
Iowa ................................................................. 18
Kentucky ............................................................. 19
Louisiana ............................................................. 129
Mississippi ............................................................ 155
Missouri .............................................................. 68
North Carolina ......................................................... 9
South Carolina ......................................................... 37
Tennessee ............................................................ 300
Texas ................................................................ 84
Virginia .............................................................. 3
Totals ............................................................ 1,900
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