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Regions, AmSouth Create Big Servicer.(Regions Financial Corp., AmSouth Bancorp.)(Brief article)
BIRMINGHAM, AL -- The merger between bank holding companies headquartered here, Regions Financial Corp. and AmSouth Bancorp., will double each firm's individual mortgage production capacity as well as create the nation's 22nd largest mortgage servicer.
According to the Quarterly Data Report, AmSouth and Regions finished 2005 next to each other in terms of residential mortgage volume.
AmSouth is ranked 48th, with volume of $7.6 billion, Regions is 49th at $7.2 billion. The pro-forma combination jumps to 34th at $14.8 billion.
On the servicing side, the pair will have a combined portfolio of $51.3 billion. The bulk of the portfolio will ...
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- Press release article from: Business Wire April 18, 2006 700+ words
DUBLIN,Ireland -- The Regions Financial Corp. (NYSE:RF) Corporate Conference Call took place on 17-Apr-06 9:00am CT. The Co. reported 1Q06 EPS of $0.64 per...
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- Press release article from: Business Wire August 21, 2008 700+ words
...provide products and expanded analytic services to Regions Financial Corp., (NYSE: RF) that assist with the company's loan decisions and approval processes. Regions Financial Corp. serves customers in 16 states across the South...
Source: HighBeam Research, Regions, AmSouth Create Big Servicer.(Regions Financial Corp.,...