Today’s Trade Alerts include: Regions Financial Corp. (RF), Colonial BancGroup Inc. (CNB), Whitney Holding Corp. (WTNY), BancorpSouth Inc. (BXS), First Horizon National Corp. (FHN), and Hancock Holding Company (HBHC).
“Regions Financial Corp. (RF) shares returned from yesterday’s 19.20% surge, down less than 1% to $11 Wednesday morning. Yesterday’s positive activity follows word the bank assumed $900 million in deposits from failed Integrity Bank. Regions Financial operates as the holding company for Regions Bank that provides a range of commercial, retail and mortgage banking services in the United States...
“The federal regulators recently declared Integrity Bank insolvent and the Federal Deposit Insurance Corp. (FDIC) was named receiver. The FDIC later approved Regions Financial's assumption of $900 million of insured and uninsured deposits…
“Regions Financial will serve 23,000 accounts of Integrity Bank and will take over operations of Integrity's five branches in Atlanta...”
“Colonial BancGroup Inc. (CNB) shares started a slow hike Wednesday morning, moving up less than 1% to $7.04. Colonial BancGroup operates as the holding company for Colonial Bank, National Association, which provides commercial banking, wealth management services, mortgage banking and insurance services in Florida, Alabama, Georgia, Nevada and Texas…
“The company recently announced it will participate in Morgan Keegan’s Equity Conference to be held September 4 and 5, 2008, in Memphis, Tennessee. Colonial BancGroup’s executive management is scheduled to give a presentation September 4 at 1 p.m. CT…
“Colonial BancGroup will also participate in the Lehman Brothers Financial Services Conference to be held September 8-10, 2008, in New York. Executive management is scheduled to give a presentation September 9 at 7:30 a.m. ET…”
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