Buy custom Merger - Regions and Union Planters
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1455 |
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Their net income increase 5.15% between 2003 and 2004. Regions three year compounded annual growth for net income was .09% and .04% for five years (Thompson, 12/2003-5/2004). Regions also does not have a good track record of integrating their mergers (Goldberg, Jason, 1/26/2004, para. 20). Profit growth for Regions lagged behind the industry average in 2003 (1/24/2004, para...
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20). Profit growth for Regions lagged behind the industry average in 2003 (1/24/2004, para. 1).
Both banks are similar in size, corporate culture, and operations. There is very little overlap of their branches. Regions and Union Planters have a total of 1,383 branches in fourteen states. As you can see from the table below, Regions and Union Planters only have overlapping branches in six states...
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