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REGIONS FINANCIAL CORPORATION, BIRMingham, Alabama, and Union Planters Corporation, Memphis, Tennessee, have formally completed their merger, creating the new Regions Financial Corporation. The new company now trades under the ticker symbol RF on the New York Stock Exchange.
The merger positions the company's primary mortgage arm, Regions Mortgage, as one of the top 20 mortgage companies in the United States based on 2003 volumes, according to Regions Financial Corporation. Regions Mortgage will be headquartered in Memphis, and expects to begin major systems conversions in...