Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions Financial Corporation was formed as First Alabama Bancshares Inc., Alabama's first multibank holding company. The company was renamed Regions Financial Corp. to better reflect its growing presence throughout the South. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,500 banking offices and 1,900 ATMs.