Regions Bank Headquarters Information

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Regions Bank is the banking subsidiary of the Regions Financial Corporation. Regions Financial Corporation operates as a bank and a financial services company. It’s the 33rd largest bank in the U.S. at the moment.

Regions Bank offers its services in 15 states in the South and Midwest. It has 1906 ATMs and 1527 branches.

Regions Financial Corporation is Fortune 500’s only member whose headquarters is in Alabama. In 2017, it was ranched No. 436 on the list.

MOST RECENT STATUS

  • Regions Bank is the largest deposit holder in Alabama and Tennessee, accounting for 22.58% and 14.1% respectively of the total deposits.
  • Regions Bank also holds significant portions of the total deposits in the states of Arkansas (7.5%), Louisiana (7.6%), Mississippi (13.8%) and Florida (4.2%).
  • The banks total assets are currently valued at $123 billion
  • The bank is a member of the S&P 500 Index

BRIEF HISTORY

Regions Financial Corporation came into being in 1971 when three banks from Alabama Merged:

  • First National Bank of Montgomery (1871)
  • Exchange Security Bank of Birmingham, Alabama (1928)
  • First National Bank of Huntsville, Alabama (1856)

When it was founded, the bank was known as the First Alabama Bancshares. The banks did continue to operate independently until 1985 when the merger was finally formalized.

REGIONS CENTER (BIRMINGHAM): THE HEADQUARTERS

Regions Center is 30-story office building in Birmingham that currently serves as the corporate headquarters of Regions Financial Corporation. The office tower in 390 feet tall and is located on the corner of 20th Street and 5th Avenue North.

The building was completed in 1972 and is more commonly known as the AmSouth-Sonat Tower. This is because it initially served as the headquarters of both Amsouth Bancorporation and Sonat, Inc. from the time it was completed until the late 2000s.

The building’s name would change to AmSouth Center after Sonat sold its stake to AmSouth in 2002. In Late 2006 though, AmSouth merged with Regions and both the name of the building and the logo displayed were changed to that of Regions.

The lighting in the building is changed during the Christmas season to depict various holiday themed items. This is also done in May before the Regions Tradition tournament of the PGA Tour.

SERVICES OFFERED

Like most banks, Regions offers services to three main classes of customers i.e.:

  • Individuals
  • Small businesses
  • Large companies

The company also has a special division that focuses on wealth management.

Individual customers have many financial products that they can take advantage of depending on their needs. These include:

  • Checking accounts
  • Savings accounts
  • Certificates of deposit
  • Protection services
  • Car buying services
  • IRAs
  • Tax payment services
  • Safety deposit boxes etc.

The customers can also make use of various loans and lines of credit including mortgages, car loans, credit cards and student loans.

Small businesses can take advantage of banking products that suit their size and needs such as business savings and checking accounts.

Regions also offers cash and asset management services, insurance and industry expertise to large corporate clients. These are in addition to the regular services.

REGIONS BANK HEADQUARTERS ADDRESS

1900 5th Ave N, Birmingham, AL 35203

Regions Bank headquarters address