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Business Description
Regions Financial Corp. (Regions) is a regional financial holding company that provides traditional commercial and retail banking services to customers throughout the South. In 2001, Regions' primary banking affiliate, Regions Bank, operated as a state-chartered (Alabama) bank with operations in Alabama, Arkansas, Florida, Georgia, Louisiana, South Carolina, Tennessee and Texas. In addition to providing traditional commercial and retail banking services, Regions provides other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, mortgage banking, insurance, leasing and other specialty financing.

Financial Information
RF is a regional holding company that operates 674 banking offices in AL, AR, FL, GA, TN, SC, TX and LA. For the six months ended 6/30/02, total interest income fell 20% to $1.28 billion. Net interest income after loan loss prov. rose 7% to $684.9 million. Net income increased 30% to $307.2 million. Net interest income reflect a decrease in loans, offset by lower deposit interest costs. Earnings also reflect increased brokerage fees.