Memphis, TN, (June 15, 2007) – Morgan Keegan & Company, Inc. announced today that it has completed the acquisition of Shattuck Hammond Partners LLC, an independent investment banking and financial advisory firm specializing in the healthcare services industry. Terms of the transaction were not disclosed.
This new entity will operate as a division of Morgan Keegan & Company, Inc. under the name of Shattuck Hammond Partners. It will continue to provide comprehensive investment banking and financial advisory services to clients across a variety of healthcare sectors. Michael B. Hammond, a principal and board member of Shattuck Hammond, will direct the division’s business operations.
"We are very pleased to welcome these talented investment bankers who bring years of experience and expertise to our healthcare banking team," said G. Douglas Edwards, President and CEO of Morgan Keegan. "This transaction underscores our commitment to our healthcare banking clients and to expanding our platform in this important market sector."
About Morgan Keegan
Morgan Keegan & Company, Inc., one of the largest full-service brokerage and investment banking firms in the nation, is the securities brokerage arm of Regions Financial Corp. (NYSE:RF). Headquartered in Memphis, Tenn., Morgan Keegan has over 400 offices and more than $650 million in equity capital. Additional information about Morgan Keegan and Regions Financial Corp., a member of the S&P 100 Index and one of the nation’s top 10 financial services providers, can be found at www.morgankeegan.com and www.regions.com.
Contact:
Melinda Rutland
901/531-3259
