Few banks represent the excesses of the pre-financial crisis years within the southern United States better than Regions Financial (NYSE:RF), one of the "Big 3" southern banks [alongside BB&T (NYSE:BBT) and SunTrust (NYSE:STI)]. Over the past 10 years, shares of Regions have fallen almost 70% (versus a fall of less than 50% for SunTrust and less than 8% for BB&T), as the bank's drive into subprime loans, helped by the $10 billion merger with AmSouth (which was heavily exposed to Florida real estate) in 2006, caused huge losses, including a $6 billion write-down tied to the AmSouth deal (however, the 2007 sale of Regions' subprime unit helped losses be lower than they otherwise would...
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