Morgan Keegan & Company, Inc. has announced that it has been named the 8th leading underwriter of municipal bonds in the country for 2009. The company served as book running manager on 578 issues with a part amount of $12.8 billion. It earned a place in the 10th spot as leading underwriter in 2008. This will be the firm’s 17th consecutive year in which it has dominated municipal bond underwriting in the South Central United States. This year the firm captured 22.7% of the market share, serving as senior manager on 232 issues with a par value of $4.9 billion.
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Morgan Keegan & Company Inc., one of the nation’s largest regional full-service brokerage and investment banking firms, is the securities brokerage arm of Regions Financial Corporation (NYSE: RF). Headquartered in Memphis, Tenn., Morgan Keegan serves individual and institutional investors in over 300 offices in 19 states. Additional information about Morgan Keegan and Regions — a member of the S&P 100 Index — can be found at www.morgankeegan.com and www.regions.com.
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