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Morgan Keegan Is A Leading Underwriter in Arkansas and South Central United States in Third Quarter 2006.

MEMPHIS, Tenn. -- Second paragraph, first sentence of release should read: Morgan Keegan was the second-ranked underwriter in Arkansas with 22 senior managed issues totaling over $300 million (sted Morgan Keegan was the second-ranked underwriter in Arkansas with 22 senior managed issues totaling over $20 million).

The corrected release reads:

MORGAN KEEGAN IS A LEADING UNDERWRITER IN ARKANSAS AND SOUTH CENTRAL UNITED STATES IN THIRD QUARTER 2006

Morgan Keegan & Company continues to be a leading underwriter of municipal bond issues in Arkansas, and the top underwriter in the South Central United States during the third quarter of 2006, according to Thomson Financial, one of the nation's leading municipal bond information services.

Morgan Keegan was the second-ranked underwriter in Arkansas with 22 senior managed issues totaling over $300 million. Among the issues managed was a $124.3 million bond issue for the City of Springdale that is tied to the city's planned 6,500-seat baseball stadium.

"The City of Springdale financing is evidence of our commitment to the municipal issuers in the state and to the strong and enduring relationships we've established over the years," said Jim Fowler, managing director of Morgan Keegan's public finance offices in Little Rock and Fayetteville. "Our goal is to be the first choice for all prospective issuers throughout the state," he said.

In addition, the firm's Arkansas issues contributed significantly to Morgan Keegan retaining the designation of top municipal bond underwriter in the South Central region of the United States, which also includes Tennessee, Kentucky, Mississippi, Louisiana and Alabama. Morgan Keegan senior managed 152 offerings with a par value of over $3 billion during the quarter, earning a 16.6 percent market share and the number one ranking over national and regional competitors.

Nationally, Morgan Keegan was one of the largest lead underwriters this quarter, ranking eleventh in the country. The firm served as book-running manager on 306 issues equating to a par value of $6.2 billion.

About Morgan Keegan

Morgan Keegan & Company, Inc., one of the nation's largest regional full-service brokerage and investment banking firms, is the securities brokerage arm of Regions Financial Corporation (NYSE: RF). Headquartered in Memphis, Tenn., Morgan Keegan has some 300 offices across an 18 state footprint. The firm's staff of more than 100 public finance bankers provides underwriting through 20 banking offices in 13 states. Additional information about Morgan Keegan and Regions - a member of both the Forbes and Fortune 500 and one of the nation's top 15 banks - can be found at www.morgankeegan.com and www.regions.com.
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Publication:Business Wire
Date:Oct 30, 2006
Words:421
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