Regions Financial Corporation was formed in 1971 as First Alabama Bancshares Inc., Alabama 's first multibank holding company. With the combination of three well-respected banks, the holding company began operations with a total of $543 million in assets and 40 banking locations in Birmingham , Huntsville and Montgomery.
In 1987, Regions became the first bank in Alabama to provide customers with direct access to their account information via a computerized telephone inquiry service. Telephone banking continues to offer customers convenience today. By calling 1-800-REGIONS customers have access to automated account data and assistance from financial professionals.
In May 2006, Regions and Birmingham-based AmSouth Bancorporation announced plans to merge. Shareholders of each company approved the transaction in October and on November 4, 2006, the merger of Regions and AmSouth was completed. As a result, Regions Financial Corporation is now one of the top bank holding companies in the United States.
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