Regions Bank 2009 Annual Report Download - page 55
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Company’s securities portfolio and other wholesale funding activities. In 2009, Regions’ general banking and
treasury operations reported a loss of approximately $1.1 billion, as credit and credit-related costs pressured this
business segment.
Investment Banking/Brokerage/Trust
Regions provides investment banking, brokerage and trust services in approximately 324 offices of Morgan
Keegan, a subsidiary of Regions and one of the largest investment firms based in the South. Morgan Keegan
contributed approximately $90 million of income in 2009. Its lines of business include private client, retail
brokerage services, fixed-income capital markets, equity capital markets, trust, and asset management.
Insurance
Regions provides insurance-related services through Regions Insurance Group, Inc., a subsidiary of
Regions. Regions Insurance Group is one of the 25 largest insurance brokers in the country. The insurance
segment includes all business associated with insurance coverage for various lines of personal and commercial
insurance, such as property, casualty, life, health and accident insurance. The insurance segment also offers
credit-related insurance products, such as term life, credit life, environmental, crop and mortgage insurance, as
well as debt cancellation products to customers of Regions. Insurance activities contributed approximately $16
million of income in 2009.
Merger Charges and Discontinued Operations
The reportable segment designated Merger Charges and Discontinued Operations includes merger charges
related to the AmSouth acquisition and the results of EquiFirst for the periods presented. These amounts are
excluded from other reportable segments because management reviews the results of the other reportable
segments excluding these items.
See Note 23 “Business Segment Information” to the consolidated financial statements for further
information on Regions’ business segments.
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