Regions Bank 2009 Annual Report Download - page 32

(“OFAC”). The OFAC-administered sanctions targeting countries take many different forms. Generally,
however, they contain one or more of the following elements: (i) restrictions on trade with or investment in a
sanctioned country, including prohibitions against direct or indirect imports from and exports to a sanctioned
country and prohibitions on “U.S. persons” engaging in financial transactions relating to making investments in,
or providing investment-related advice or assistance to, a sanctioned country; and (ii) a blocking of assets in
which the government or specially designated nationals of the sanctioned country have an interest, by prohibiting
transfers of property subject to U.S. jurisdiction (including property in the possession or control of U.S. persons).
Blocked assets (e.g., property and bank deposits) cannot be paid out, withdrawn, set off or transferred in any
manner without a license from OFAC. Failure to comply with these sanctions could have serious legal and
reputational consequences.
Competition
All aspects of Regions’ business are highly competitive. Regions’ subsidiaries compete with other financial
institutions located in the states in which they operate and other adjoining states, as well as large banks in major
financial centers and other financial intermediaries, such as savings and loan associations, credit unions,
consumer finance companies, brokerage firms, insurance companies, investment companies, mutual funds,
mortgage companies and financial service operations of major commercial and retail corporations. Regions
expects competition to intensify among financial services companies due to the recent consolidation of certain
competing financial institutions and the conversion of certain investment banks to bank holding companies.
Customers for banking services and other financial services offered by Regions’ subsidiaries are generally
influenced by convenience, quality of service, personal contacts, price of services and availability of products.
Although Regions’ position varies in different markets, Regions believes that its affiliates effectively compete
with other financial services companies in their relevant market areas.
Employees
As of December 31, 2009, Regions and its subsidiaries had 28,509 employees.
Available Information
Regions maintains a website at www.regions.com. Regions makes available on its website free of charge its
annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments
to those reports which are filed with or furnished to the SEC pursuant to Section 13(a) of the Securities Exchange
Act of 1934. These documents are made available on Regions’ website as soon as reasonably practicable after
they are electronically filed with or furnished to the SEC. Also available on the website are Regions’
(i) Corporate Governance Principles, (ii) Code of Business Conduct and Ethics, (iii) Code of Ethics for Senior
Financial Officers, (iv) Expenditures Policy, and (v) the charters of its Nominating and Corporate Governance
Committee, Audit Committee, Compensation Committee and Risk Committee.
Item 1A. Risk Factors
Making or continuing an investment in securities issued by Regions, including our common stock, involves
certain risks that you should carefully consider. The risks and uncertainties described below are not the only risks
that may have a material adverse effect on Regions. Additional risks and uncertainties also could adversely affect
our business, financial condition and results of operations. If any of the following risks actually occur, our
business, financial condition or results of operations could be negatively affected, the market price for your
securities could decline, and you could lose all or a part of your investment. Further, to the extent that any of the
information contained in this Annual Report on Form 10-K constitutes forward-looking statements, the risk
factors set forth below also are cautionary statements identifying important factors that could cause Regions’
actual results to differ materially from those expressed in any forward-looking statements made by or on behalf
of Regions.
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