It looks difficult to pinpoint from SEC reports. RF lumps Wealth mgmt, Trust, and Insurance together as a business segment. But, considering that MOKE can't do security valuations for next 2 or 3 years, it may explain why RF engaged GS on possible sale and keeping Morgan Asset MGMT, and Regions Trust.
As for Ritter, months ago, RF announced that they were testing insurance selling through Regions bank branches first in IL, then in 'bama. Now, Ritter is to be in charge of Insurance, Morgan Asset MGMT, and Trust as a new wealth management group.
If I'm not mistaken Regions (or Rebsamen) Insurance was HQ in Memphis, TN along with Morgan Keegan. It seems on the surface at least that RF top mgmt is centralizing management decisions to be in Birmingham. And, Grayson who was looked to be D. ritter's groomed heir apparent has is probably picking close allies.
I can't see Regions merging with another bank unless RF top management has the ability to stay at the top or assume the throne like Jack stepping aside and Dowd ascending.
Keep in mind that this settlement is not part of the board of Regions Financial Corp. investigating whether executives delayed public disclosure of loans that were going sour during the 2008 and 2009 financial crisis. This only started after the Federal Reserve expressed concerns about past practices. If the outcome proves methods Regions used to classify loans was to make Regions appear healthier than they was today is only the start of bad news to come. Regions still hasn't received regulatory approval to pay back $3.5 billion in public support from the Treasury Department's Troubled Asset Relief Program. Time for the BOD to go . Regions has struggling with problems since the AmSouth merger.