Regions Bank 2010 Annual Report Download - page 59
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Investment Banking/Brokerage/Trust
Regions provides investment banking, brokerage and trust services in 321 offices of Morgan Keegan, a
subsidiary of Regions and one of the largest investment firms based in the South. Its lines of business include
private client, retail brokerage services, fixed-income capital markets, equity capital markets, trust, and asset
management. In 2010, Morgan Keegan’s operations reported a loss of $116 million, which was driven by a $200
million regulatory charge.
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 $10 million of net
income in 2010.
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.
During 2010, minor reclassifications were made from the Banking/Treasury segment to the Insurance
segment to more appropriately present management’s current view of the segments. Prior year disclosures have
been adjusted to conform to the 2010 presentation. See Note 22 “Business Segment Information” to the
consolidated financial statements for further information on Regions’ business segments.
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