Regions - Amsouth Merger

A merger announced this week creates the nation's tenth largest bank, and it involves a number of bank branches in this area.

Regions Bank is exchanging stock valued at almost $2 billion for hometown rival Amsouth Bank.

The blockbuster deal creates one of the nation's biggest bank holding companies.

The combined company under the deal would have about $140 billion in assets and 2,000 branches in the south, Midwest, and Texas.

The new company will keep the Regions Bank name, and it will maintain its headquarters in Birmingham.


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