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.

8195 Front Beach Road Panama City Beach, FL 32407 Station: 850-234-7777 News: 850-230-5221 Fax: 850-233-6647
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