Regions Financial Corporation operates as the holding company for Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States. It offers various deposit products, including checking accounts, savings accounts, money market accounts, and foreign deposits, as well as time deposits, including certificates of deposits and individual retirement accounts. The company’s loan portfolio comprises commercial loans; real estate mortgage loans; real estate construction loans; home equity loans and lines of credit; indirect lending; and other consumer loans, such as direct consumer installment loans, bankcard, overdrafts and other revolving credit, and educational loans. Regions Financial Corporation, through other subsidiaries, also provides regional brokerage and investment banking products and services, such as securities brokerage, asset management, financial planning, mutual funds, securities underwriting, and sales and trading services, as well as insurance brokerage services for various lines of personal and commercial insurance, including property, casualty, life, health, accident, and credit-related insurance products. In addition, the company factors commercial accounts receivable and performs billing and collection services, focusing on clients in the heavy-duty truck and automotive business, as well as provides domestic and international equipment financing products primarily to commercial clients. As of December 31, 2007, it operated approximately 2,000 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. The company was founded in 1970 and is headquartered in Birmingham, Alabama.