Regions Insurance Expands Employee Benefits Practice in Memphis

  Regions Insurance Expands Employee Benefits Practice in Memphis

Business Wire

BIRMINGHAM, Ala. -- December 19, 2012

Regions Insurance, an affiliate of Regions Bank, today announced the expansion
of its employee benefits practice in Memphis. Effective January 1, 2013,
Argyle Benefits Consultants, LLC, led by founding partner Philip Johnson, will
join the Memphis office of Regions Insurance.

Philip Johnson, Regions Insurance (Photo: Business Wire)

Philip Johnson, Regions Insurance (Photo: Business Wire)

“The principals at Argyle Benefits are some of Memphis’ most well-known and
respected employee benefits professionals,” said Mark Forrester, CEO of
Regions Insurance of Tennessee. “The foundation of their business has been
built upon providing expert advice and counsel in a highly personalized
manner, and that will not change. I am excited to have individuals of such
high integrity associated with our team and serving our clients.”

Argyle partners Tom Merriam and Chris Rogers, and their four experienced
associates, will join Johnson as part of the expansion. This veteran team of
agents and support professionals will continue their group employee benefits
practice serving commercial clients, with a focus on benefit program
assessment, creative plan design, program implementation and management.

“For more than 80 years Regions Insurance has provided employee benefit
solutions to help our clients meet their business objectives,” said Curren
Coco, president and CEO of Regions Insurance Group. “We are pleased to expand
our capabilities in Memphis with the addition of Argyle Partners. Argyle is a
great example of our long-term commitment to the Tennessee market and its
importance to continued expansion in the Southeast.”

Johnson is a founding partner of Argyle Benefits with more than 30 years of
insurance industry experience. He is a member of the International Foundation
of Employee Benefit Plans and the National Association of Health Underwriters
and is the current president of the Mid South Association of Health
Underwriters. He was appointed in 2011 to be a member of the Technical
Advisory Group for the Tennessee Insurance Exchange Planning Initiative. He
holds the Certified Employee Benefits Specialist and Chartered Life
Underwriter professional designations. Johnson is a graduate of Baylor
University.

Merriam has 30 years of experience in insurance and employee benefits
consulting. He is former president of the Memphis chapter of the Society of
Financial Service Professionals, and is a member of the National Association
of Health Underwriters and the Association of Health Insurance Advisors. He
holds a Chartered Life Underwriter professional designation. Merriam is a
graduate of The University of Memphis.

Rogers, with 15 years of insurance experience, is a member of the National
Association of Health Underwriters and is a 2011 graduate of the New Memphis
Institute, formerly known as The Leadership Academy. He is actively involved
in a number of Memphis community organizations, including teaching at Advance
Memphis and serving on the development board for Church Health Center. Rogers
is a graduate of the University of Mississippi.

This expansion is the second significant addition to Regions Insurance during
the fourth quarter of 2012. Last month Regions Insurance opened its first
office in Atlanta, Ga. serving clients throughout the state and adding ten
associates with expertise in transportation, contracting and manufacturing,
and employee benefits.

Regions Insurance, an affiliate of Regions Bank, is ranked among the top 25
U.S. insurance brokers and is the fifth largest insurance broker based in the
Southeast. Regions Insurance offers comprehensive insurance solutions and risk
management services for businesses and individuals through more than 500
insurance professionals located throughout the 16 states Regions serves.
Additional information about Regions Insurance and its products and services
may be found at www.regionsinsurance.com.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $122 billion in assets, is a
member of the S&P 500 Index and is one of the nation’s largest full-service
providers of consumer and commercial banking, wealth management, mortgage, and
insurance products and services. Regions serves customers in 16 states across
the South, Midwest and Texas, and through its subsidiary, Regions Bank,
operates approximately 1,700 banking offices and 2,100 ATMs. Additional
information about Regions and its full line of products and services can be
found at www.regions.com.

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Contact:

Regions Financial Corporation
Evelyn Mitchell, 205-264-4551