AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Regions Merger with Union Planters Creates a Top 20 Servicer.(Brief Article)
When Regions Financial here merges with Union Planters Corp., Memphis, Tenn., it will create a Southeast-based regional mortgage giant that will rank 20th among all residential servicers nationwide, according to figures compiled by Mortgage Servicing News.
The merger also will create the nation's 28th largest residential funder.
Once the deal is completed, the new bank will have at least $45 billion in residential servicing rights on its books and the capacity to fund $25 billion a year in home mortgages. (Both figures are based on third-quarter numbers.)
Union Planters Mortgage, a subsidiary of the bank, is the largest lender in the Memphis Metropolitan Statistical Area with a market share of 5.07%.
But in the Birmingham MSA, Regions Mortgage, the bank's affiliate, is ranked fifth behind Countrywide Home Loans, New South Federal Savings, ...
- Union Planters, Regions Financial Merger Nears Completion.
- Newspaper article from: Knight Ridder/Tribune Business News June 10, 2004 700+ words
...News Jun. 10--Union Planters Corp. and Regions Financial Corp. shareholders...statement from Union Planters. The combined...will be called Regions Financial Corp. Q: Will...change? A: Yes. Union Planters bank branches...
- Proposed Merger of Union Planters, Regions Financial Gains Two Approvals.
- Newspaper article from: Knight Ridder/Tribune Business News April 10, 2004 700+ words
...Business News Apr. 10--Memphis-based Union Planters Corp. and Birmingham-based Regions Financial Corp. are two steps closer to merging...Ellis, Regions Financial spokeswoman. Union Planters spokesman Victor Rocha said his company...
- In Brief: Shareholders OK Regions-Union Planters.(Regions Financial Corp....
- Magazine article from: American Banker Boraks, David June 9, 2004 700+ words
Regions Financial Corp. and Union Planters Corp. shareholders overwhelmingly approved their $6 billion...January. At an afternoon meeting in Memphis, 95% of Union Planters' voting shares were in favor. The deal, scheduled to...
- In Brief: Antitrust OK for Regions-Union Planters.(Regions Financial Corp;...
- Magazine article from: American Banker Boraks, David April 12, 2004 700+ words
...approval for the planned $6 billion merger of Regions Financial Corp. and Union Planters Corp. The Federal Trade Commission's...Regions, of Birmingham, Ala., and Union Planters, of Memphis, announced their deal Jan...
- Shareholders of Union Planters, Regions Financial Approve Merger.
- Newspaper article from: Commercial Appeal (Memphis, TN) June 9, 2004 700+ words
...Flaum Jun. 9--Shareholders of Union Planters Corp. and Birmingham, Ala.-based Regions Financial Corp. approved the merger of the...the new company will be called Regions Financial -- is expected to be completed by...
- Acquisition of Union Planters by Regions Financial Is Challenged.
- Newspaper article from: Knight Ridder/Tribune Business News March 30, 2004 700+ words
...Reserve Board to reject Regions Financial Corp.'s acquisition of Union Planters. The group, Inner...The group also said Union Planters supports high-cost...Americans than does Union Planters, with its normally...
- Merger Partners Union Planters, Regions Financial Settle Shareholder Lawsuits.
- Newspaper article from: Commercial Appeal (Memphis, TN) May 25, 2004 700+ words
Byline: David Flaum May 25--Union Planters Corp. and Regions Financial Corp. -- the company that plans to acquire UP -- have agreed to settle three shareholder lawsuits aimed at stopping the buyout...
- US consolidation continues with Regions and Union Planters deals. (Consider...
- Magazine article from: The Banker April 1, 1998 700+ words
...Quite the reverse. Consider Regions Financial Corp, based in Birmingham...fever in the south-east, Union Planters, the largest hank in Memphis...acted as adviser in the Union Planters-Magna group acquisition...Magna Group's takeover by Union Planters they will be $86 ...
