RF » Topics » Regions may not be able to raise private capital in the amount required or at all.

This excerpt taken from the RF 10-Q filed May 13, 2009.

Regions may not be able to raise private capital in the amount required or at all.

We cannot assure you that private capital will be available to us on acceptable terms or at all. The public market for most forms of Tier 1 securities has been effectively closed to financial institutions for the last nine months and we can offer no assurance that conditions in these markets will improve in the near future. Events outside our control, such as a decline in the confidence of debt purchasers, depositors of Regions Bank or counterparties participating in the capital markets, or a downgrade of our debt ratings, may further adversely affect our capital costs and our ability to raise capital and, in turn, our liquidity. In addition, current market conditions are likely to make it difficult to find purchasers who are willing to purchase assets at acceptable prices and on acceptable terms. If we are unable to raise all or part of the amount of capital we need to raise through public or private capital transactions, liability management, asset dispositions or other sources, we will be required to obtain such capital from the U.S. Treasury by converting our CPP preferred shares to convertible preferred shares under the CAP or otherwise obtaining capital under the CAP.

This excerpt taken from the RF 10-Q filed May 11, 2009.

Regions may not be able to raise private capital in the amount required or at all.

We cannot assure you that private capital will be available to us on acceptable terms or at all. The public market for most forms of Tier 1 securities has been effectively closed to financial institutions for the last nine months and we can offer no assurance that conditions in these markets will improve in the near future. Events outside our control, such as a decline in the confidence of debt purchasers, depositors of Regions Bank or counterparties participating in the capital markets, or a downgrade of our debt ratings, may further adversely affect our capital costs and our ability to raise capital and, in turn, our liquidity. In addition, current market conditions are likely to make it difficult to find purchasers who are willing to purchase assets at acceptable prices and on acceptable terms. If we are unable to raise all or part of the amount of capital we need to raise through public or private capital transactions, liability management, asset dispositions or other sources, we will be required to obtain such capital from the U.S. Treasury by converting our CPP preferred shares to convertible preferred shares under the CAP or otherwise obtaining capital under the CAP.

EXCERPTS ON THIS PAGE:

10-Q
May 13, 2009
10-Q
May 11, 2009
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