Regions Morgan Keegan Trust Inc.
Morgan Keegan is a securities brokerage and asset management subsidiary of Regions Financial Corporation
On December 19, 2000, Regions Financial Corporation agreed to purchase Memphis, Tennessee based securities brokerage firm Morgan Keegan for $789 million. Morgan Keegan took over investment banking Responsibilities from Regions Investment Company, Inc. (RICI) and eventually also was given control of Regions Trust Company. The Combined Subsidiary is now known as Regions Morgan Keegan Trust, Inc.
Regions Financial Corporation NYSE: RF is a publicly held company based in Birmingham, Alabama, with the corporate headquarters at the Regions Center. A member of the S&P 100 Index, the company provides retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services.
Regions has more than $144 billion in assets as of 2008, making it one of the top 10 banks in the United States. Its banking subsidiary, Regions Bank, operates some 2,000 branches and 2,400 ATMs across a 16-state network in the South, Midwest and Texas. Its securities brokerage and asset management subsidiary, Morgan Keegan & Company, Inc., provides services in over 450 offices across 19 states.