Regions Financial, AmSouth Agree to Merge - WSFA.com Montgomery Alabama news.

Regions Financial, AmSouth Agree to Merge

BIRMINGHAM, Ala. -- A pair of major Alabama-based banks based did not have to look far for a merger partner. They looked across their hometown of Birmingham and cut a deal.

Regions Financial and AmSouth say they have agreed to merge in a $9.8 billion stock deal, creating a bank holding company that ranks in the top ten in the U.S.

The combined company would have 2,000 branches in the South, Midwest and Texas. Their combined workforce would total 37,000 people. They say the new company will retain the Regions Financial name.

On the Net:

AmSouth

Regions Financial

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

  • NewsMore>>

  • Giuliani says White House wants briefing on classified info

    Giuliani says White House wants briefing on classified info

    Saturday, May 26 2018 1:13 AM EDT2018-05-26 05:13:07 GMT
    Saturday, May 26 2018 11:45 AM EDT2018-05-26 15:45:27 GMT
    (AP Photo/Andrew Harnik, File). FILE - In this May 5, 2018, file photo, Rudy Giuliani, an attorney for President Donald Trump, speaks in Washington.(AP Photo/Andrew Harnik, File). FILE - In this May 5, 2018, file photo, Rudy Giuliani, an attorney for President Donald Trump, speaks in Washington.
    President Donald Trump's legal team wants a briefing on the classified materials shared with lawmakers.More >>
    President Donald Trump's legal team wants a briefing on the classified materials shared with lawmakers.More >>
  • Police: Suspected gunman spoke online about demon possession

    Police: Suspected gunman spoke online about demon possession

    Saturday, May 26 2018 4:03 AM EDT2018-05-26 08:03:40 GMT
    Saturday, May 26 2018 11:38 AM EDT2018-05-26 15:38:06 GMT
    (Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...(Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed...More >>
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed bystanders.More >>
  • Amazon: Echo device sent conversation to family's contact

    Amazon: Echo device sent conversation to family's contact

    Thursday, May 24 2018 5:52 PM EDT2018-05-24 21:52:19 GMT
    Saturday, May 26 2018 11:37 AM EDT2018-05-26 15:37:02 GMT
    A woman says her Amazon device recorded a private conversation and sent it out to a random contact. (AP Photo/Mark Lennihan, File)A woman says her Amazon device recorded a private conversation and sent it out to a random contact. (AP Photo/Mark Lennihan, File)
    A woman says her Amazon device recorded a private conversation and sent it out to a random contact. (AP Photo/Mark Lennihan, File)A woman says her Amazon device recorded a private conversation and sent it out to a random contact. (AP Photo/Mark Lennihan, File)

    Amazon says an "unlikely" string of events prompted its Echo personal assistant device to record a Portland, Oregon, family's private conversation and then send the recording to an acquaintance in Seattle.

    More >>

    Amazon says an "unlikely" string of events prompted its Echo personal assistant device to record a Portland, Oregon, family's private conversation and then send the recording to an acquaintance in Seattle.

    More >>
Powered by Frankly