Regions Bank 2012 Annual Report Download - page 20

brokerage operations in Alabama, Arkansas, Indiana, Georgia, Louisiana, Missouri, Mississippi, Tennessee and
Texas, Regions Insurance, Inc. offers insurance coverage for various lines of personal and commercial insurance,
such as property, casualty, life, health and accident insurance. Regions Insurance Services, Inc. offers credit-
related insurance products, such as title, mortgage, crop, term life, accidental death and dismemberment, and
environmental insurance, as well as debt cancellation products to customers of Regions. Regions Insurance
Group, Inc. is one of the twenty-five largest insurance brokers in the United States based on annual revenues.
Regions has several subsidiaries and affiliates that are agents or reinsurers of debt cancellations products
and credit life insurance products relating to the activities of certain affiliates of Regions. Regions Investment
Services, Inc., which sells annuities and life insurance products to Regions Bank customers, is a wholly-owned
subsidiary of Regions Bank. Regions Equipment Finance Corporation, a subsidiary of Regions Bank, provides
domestic and international equipment financing products, focusing on commercial clients.
Also, Regions Bank has entered into an agreement with Cetera Financial Institutions to provide advisory
and investment solutions to Regions customers. Through this agreement Regions Bank customers will have
access to a full range of financial advisory services, including managed accounts, mutual funds, annuities,
financial aid, and financial and retirement planning tools, provided by licensed business consultants based in
Regions Bank branches.
Acquisition Program
A substantial portion of the growth of Regions from its inception as a bank holding company in 1971 has
been through the acquisition of other financial institutions, including commercial banks and thrift institutions,
and the assets and deposits of those financial institutions. As part of its ongoing strategic plan, Regions
periodically evaluates business combination opportunities. Any future business combination or series of business
combinations that Regions might undertake may be material to Regions’ financial condition, in terms of assets
acquired or liabilities assumed. Historically, business combinations in the financial services industry have
typically involved the payment of a premium over book and market values of assets and liabilities acquired. This
practice could result in dilution of book value and net income per share for the acquirer.
Segment Information
Reference is made to Note 22 “Business Segment Information” to the consolidated financial statements
included under Item 8. of this Annual Report on Form 10-K for information required by this item.
Supervision and Regulation
Regions and its subsidiaries are subject to the extensive regulatory framework applicable to bank holding
companies and their subsidiaries. Regulation of financial institutions such as Regions and its subsidiaries is
intended primarily for the protection of depositors, the Federal Deposit Insurance Corporation’s (“FDIC”)
Deposit Insurance Fund (the “DIF”) and the banking system as a whole, and generally is not intended for the
protection of stockholders or other investors. Described below are the material elements of selected laws and
regulations applicable to Regions and its subsidiaries. The descriptions are not intended to be complete and are
qualified in their entirety by reference to the full text of the statutes and regulations described. Changes in
applicable law or regulation, and in their interpretation and application by regulatory agencies and other
governmental authorities, cannot be predicted, but they may have a material effect on the business and results of
Regions and its subsidiaries.
Overview
Regions is registered with the Board of Governors of the Federal Reserve System (the “Federal Reserve”) as
a bank holding company and has elected to be treated as a financial holding company under the Bank Holding
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