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Press release from Business Wire

Morgan Keegan is Nation's 8th Leading Underwriter of Negotiated Municipal Bond Transactions in First Half 2011

<p> <i>Firm Ranked 9</i><sup><i>th</i></sup><i> Nationally Overall</i> </p>

Monday, July 25, 2011

Morgan Keegan is Nation's 8th Leading Underwriter of Negotiated Municipal Bond Transactions in First Half 201111:44 EDT Monday, July 25, 2011 MEMPHIS, Tenn. (Business Wire) -- Morgan Keegan was the eighth leading underwriter of negotiated municipal bond issues in the country for the first half of 2011, serving as book running manager on 99 issues with a par value of $3.1 billion, according to Thomson Reuters, one of the nation's leading municipal bond information services. Morgan Keegan ranked sixth nationally in competitive transactions with 116 issues and a par value of $966 million. The firm is ranked ninth nationally overall (negotiated and competitive combined), serving as senior manager on 215 issues with a par value of $4.1 billion. “Our continued growth in municipal bond underwriting is due to the exemplary efforts of our team of dedicated public finance professionals who focus on solving the often complex financing needs of our issuer clients,” said Rob Baird, president of Morgan Keegan's Investment Banking division. “In our challenging economy, our clients depend on us to provide innovative, idea-oriented financing solutions now more than ever. We are able to do so by working closely with our clients and building relationships founded on mutual trust and confidence.” Morgan Keegan continues to lead municipal bond underwriting in the South Central region of the U.S. Serving as senior manager on 75 issues with a par value of $1.1 billion, the firm captured an 18 percent market share. The six-state region includes Alabama, Arkansas, Kentucky, Louisiana, Mississippi and Tennessee. In the ten-state Southeast region of the country, Morgan Keegan was the leading municipal bond underwriter in terms of number of completed transactions. The firm senior managed 81 issues with a par amount of $1.6 billion. The region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. Other notable achievements in the First Half of 2011 as ranked by Thomson Reuters: #1 underwriter of senior managed issues in Mississippi and Tennessee; Top 10 underwriter in Alabama, Arkansas, Connecticut, Georgia, Kentucky, Louisiana, Maine, New Hampshire, New York, Rhode Island, South Carolina, Texas and Virginia; Top 10 underwriter in the Southeast and Northeast regions of the country; Tied for #1 in number of senior managed Airport transactions; #1 underwriter in Water/Sewer/Gas sector and top 10 underwriter in airport, healthcare, single family housing, and school industry sectors; #1 underwriter of Bank Qualified issues with 123 transactions with a par amount of $580 million. About Morgan Keegan Morgan Keegan & Company Inc. is a full-service brokerage and investment banking firm and the securities brokerage arm of Regions Financial Corporation (NYSE: RF). Headquartered in Memphis, Tenn., Morgan Keegan serves individual and institutional investors in over 300 offices in 20 states. Additional information about Morgan Keegan and Regions — a member of the S&P 500 Index — can be found at www.morgankeegan.com and www.regions.com. Morgan Keegan & Company Inc.Eric Bran, 901-524-4114Media Relationseric.bran@morgankeegan.com