Business Blog

Birmingham, Ala.-based Regions Bank has contracted PrimeVest Financial Services to provide investment and financial advisory services to customers in the 16 states in which it does business, the bank said Thursday. The agreement with PrimeVest will help the Regions, Mississippi’s market leader in retail banking, fill the service gap that was left after it sold [...]

Just days after closing its sale of investment brokerage Morgan Keegan & Co. to Raymond James, Regions Financial Corp. has paid its $3.5 billion Troubled Asset Relief Program, or TARP, debt. Regions, Mississippi’s market leader in retail banking, said in a press statement Wednesday that it repurchased $3.5 billion of Series A Preferred Stock issued [...]

Regions Financial Corp. has completed its sale of Morgan Keegan & Co. Inc. and related affiliates to Raymond James Financial Inc. for about $1.2 billion. Regions’ trust and institutional investment management businesses are not included in the sale and will operate within Regions’ Wealth Management organization. Regions President &d CEO Grayson Hall said the sale [...]