Jackson W. Moore

Last updated
Jackson W. Moore
BornNovember 2, 1948
Birmingham, Alabama, U.S.
Alma mater University of Alabama
Vanderbilt University Law School
Occupation(s)Attorney, banking executive
Known forFormer executive chairman of Union Planters Bank and Regions Financial Corporation
Relatives Kemmons Wilson (father-in-law)

Jackson W. Moore is an American attorney and a former executive chairman of Union Planters Bank and Regions Financial Corporation.

Contents

Early life

Jackson W. Moore was born in Birmingham, Alabama on November 2, 1948. He grew up in Clanton, Alabama and graduated from Chilton County High School in 1966. In the fall of 1966, at the age of seventeen, Moore enrolled at the University of Alabama, where he received his bachelor's degree in banking and finance in 1970. [1] He graduated from Vanderbilt University Law School in 1973. [1]

Career

Following a clerkship with Sullivan and Cromwell in New York City working on mergers and acquisitions, he entered the private practice of law in 1973 in Memphis, Tennessee following a brief stint the United States Army as a captain in the Adjudant Generals Corp. He remained with the firm until 1989, when he resigned to join Union Planters Bank as president and Chief Operating Officer. [1] Moore had served as a member of the board of directors since 1987.

Moore succeeded Benjamin Rawlins as the CEO of Union Planters Bank after Rawlins died of a heart attack in September, 2000. As Chairman and CEO, Moore took the helm of the largest bank in Tennessee. During a period of falling interest rates, Moore closed over two hundred of the bank's under-performing branches, eliminated unnecessary salaries and expenditures, and streamlined operations.

Regions & AmSouth

In January, 2004, Regions Financial Corporation and Union Planters announced plans for a merger of equals that created the twelfth largest bank holding company in the US, and one of the largest banks in the Southeast. [2] The $5.9 billion transaction created an expanded Regions Bank with five million customers and over fifty-six billion dollars in deposits. After 130 years, the Union Planters’ name was retired, though Regions retained Union Planters' longstanding logo of a young cotton plant as its logo for two more years. The merger created a 1,400-branch superbank with operations across fifteen states, and it was the largest bank in Louisiana, Alabama, Arkansas, Georgia, Mississippi and Tennessee. Moore was named chairman and chief executive of the merged bank and relocated with his family to its new headquarters in Birmingham, Alabama. [3] In October, 2006, Moore oversaw Regions' merger with AmSouth Bancorporation. [4] Upon approval by the Federal Reserve and completion of the merger, the expanded Regions became one of the ten largest bank holding companies in the US, with over $140 billion in assets, two thousand branches located in sixteen states, and thirty-seven thousand employees. Moore was named Executive Chairman of the merged bank, but AmSouth's C. Dowd Ritter became CEO. [5]

Executive Compensation & Retirement

Moore announced his retirement from Regions effective December 31, 2007. At fifty-eight years old, Moore stated he was entering the "next phase" of his life. [6] Moore, with wife Betty, moved back to Memphis, where he planned to focus on his private equity investments, civic and charitable work and spending time with his family. Moore continues to serve on the board of trustees for Vanderbilt University and Chairs the President's Cabinet at The University of Alabama. He continues his support of the Boy Scouts of America, himself a recipient of the Eagle Scout Award and the Distinguished Eagle Scout Award.

The Birmingham Business Journal reported in March, 2007 that Moore was paid Regions Bank over twenty-nine million dollars in 2006. The compensation package Moore received included a base salary of $951,391 and stock awards of over two million dollars, and bonuses of $2.5 million. He was also paid a retirement package of $9.4 million, accrued while CEO of Union Planters Bank. Added perks included a company car, personal use of the company jet, membership dues paid by the company of nineteen thousand dollars and payment of nearly $2 million in life insurance premiums. [7]

Personal life

Moore met Betty Wilson, the daughter of Holiday Inn founder Kemmons Wilson, in college. They were married in 1971.

Related Research Articles

<span class="mw-page-title-main">SunTrust Banks</span> Former American bank

SunTrust Banks, Inc. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. The bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered.

<span class="mw-page-title-main">Truist Financial</span> Banking company in the U.S.

Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of June 2021, it is the 10th largest bank with $509 billion in assets. As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world with $2.27 billion in annual revenue.

<span class="mw-page-title-main">Back Yard Burgers</span> American regional franchise chain of restaurants in the Southern and Midwestern US

Back Yard Burgers, Inc., is an American regional franchise chain of quick serve restaurants. As of March 2022, there are 38 restaurants in the Southern and Midwestern United States. Back Yard Burgers is a subsidiary of private equity firm Axum Capital Partners, and is headquartered in Nashville, Tennessee.

<span class="mw-page-title-main">First American National Bank</span> American bank headquartered in Nashville, Tennessee

First American National Bank was a subsidiary of First American Corporation, a financial institution based in Nashville, Tennessee, that served the states of Tennessee, Kentucky, Georgia and Virginia. It was headquartered in the First American Center in downtown Nashville.

First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.

Raymond James | Morgan Keegan is the interim name of the former Morgan Keegan & Co. business units acquired by Raymond James Financial on April 2, 2012. The combined firms’ subsidiaries engage primarily in investment and financial planning, investment banking, fixed income products and asset management.

AmSouth Bancorporation was a banking company headquartered in Birmingham, Alabama, and operated for its final year in existence as a bank holding company (subsidiary) of Regions Financial Corporation after a merger between the two banks. AmSouth was previously known as First National Bank of Birmingham, which was first organized by Charles Linn in 1872. AmSouth was in the financial services industry and at its peak employed over twelve thousand people.

<span class="mw-page-title-main">BBVA USA</span> Former American bank holding company

BBVA USA was a bank headquartered in Birmingham, Alabama. It was a subsidiary of Banco Bilbao Vizcaya Argentaria from 2007 until 2021, when it was acquired by PNC Financial Services. It operated mainly in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. The bank was earlier named Central Bank and Trust Company, Central Bank, Central Bancshares of the South, and Compass Bancshares.

SouthTrust Corporation was a banking company headquartered in Birmingham, Alabama. In 2004, SouthTrust reached an agreement to merge with Wachovia in a stock-for-stock deal. At the time of the merger with Wachovia was completed, SouthTrust had $53 Billion in assets. SouthTrust was listed on the NASDAQ exchange under the ticker symbol SOTR. The company was headquartered in the SouthTrust Tower, now known as the Shipt Tower. SouthTrust had branches in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia. By the end of 2005, all former SouthTrust branches that remained open carried the Wachovia name.

<span class="mw-page-title-main">Regions Financial Corporation</span> Financial services company based in Birmingham, Alabama

Regions Financial Corporation is an American bank holding company headquartered in the Regions Center in Birmingham, Alabama. The company provides retail banking and commercial banking, trust, stockbrokerage, and mortgage services. Its banking subsidiary, Regions Bank, operates 1,952 automated teller machines and 1,454 branches in 16 states in the Southern and Midwestern United States.

CVS Caremark is the pharmacy benefit management subsidiary of CVS Health, headquartered in Woonsocket, Rhode Island.

<span class="mw-page-title-main">Barnett Bank</span> Former American bank that was based in Florida

Barnett Bank was an American bank based in Florida. Founded in 1877, it eventually became the largest commercial bank in Florida with over 600 offices and $41.2 billion in deposits. Barnett was purchased by NationsBank in 1997.

Union Planters Bank was a United States financial institution and multi-state bank holding corporation headquartered in Memphis, Tennessee prior to being acquired by Regions Financial Corporation. With over $34 billion in assets, Union Planters Bank was the largest bank in Tennessee and among the 30 largest bank holding companies in the United States. Union Planters operated over 760 banking centers in the states of Alabama, Arkansas, Florida, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, Tennessee, and Texas.

Allen Benners Morgan Jr. is an American business man who was among the founders and served as chairman and CEO of regional brokerage firm Morgan Keegan & Company, based in Memphis, Tennessee. The firm is now owned by Raymond James Financial.

Central Carolina Bank and Trust (CCB) was a bank headquartered in Durham, North Carolina. It began in 1961 with the merger of Durham Bank & Trust and University National Bank of Chapel Hill, North Carolina. Central Carolina Bank and Trust merged with SunTrust Banks of Atlanta, Georgia in 2005, which in turn merged with BB&T to form Truist Financial. Its headquarters was the historic 17-story Hill Building in North Carolina.

National Bank of Commerce was a bank headquartered in Memphis, Tennessee until it was taken over by SunTrust Banks in 2005.

<span class="mw-page-title-main">Alabama National BanCorporation</span>

Alabama National BanCorporation based in Birmingham, Alabama, was a bank holding company which was purchased by RBC Bank in 2008 for $1.6 billion. Prior to the RBC deal, the bank was the third largest banking company in Alabama with over $7 billion assets.

Hurley Calister "Cal" Turner Jr. is an American billionaire businessman and philanthropist. He served as the chairman and chief executive officer of Dollar General, a chain of low-cost variety stores founded by his father, Cal Turner Sr.

Dennis C. Bottorff is an American businessman, banker and philanthropist. As chairman and chief executive officer of the First American Corporation, he was responsible for its merger with the AmSouth Bancorporation. He served as the chairman of the Tennessee Valley Authority from 2010 to 2012. He is the co-founder and general partner of Council Capital, a private equity and venture capital firm based in Nashville, Tennessee. He is also the co-founder and the chairman of CapStar Bank.

<span class="mw-page-title-main">Napoleon Hill (Memphis businessman)</span>

Napoleon Hill (1830–1909) was an American businessman of Memphis, Tennessee, tagged as "the merchant prince of Memphis" by his contemporaries. He first inherited wealth from his father, made more in the California Gold Rush, and then moved to Memphis, where he became a leading businessman and investor. Hill was the second of eleven children of Duncan Hill, a physician and plantation owner, and Olivia L. Bill. Duncan Hill died in 1844, leaving his mother the Marshall County, Mississippi plantation, worth $40,000 at the time. She remarried to Josiah Deloach in 1848 and she and the children continued to live on the plantation. At age sixteen Hill left home and worked as a store clerk for a time, but left Tennessee for the 1849 California Gold Rush. Successful in California, he returned to Tennessee and by 1857 was living in Memphis, where he built a wholesale grocery business and traded in cotton on commission just before the American Civil War.

References

  1. 1 2 3 Vanderbilt Board of Trustees biography Archived 2010-12-31 at the Wayback Machine
  2. ↑ Regions Bank, History, http://www.regions.com
  3. ↑ "Regions, Union Planters banks merge," Atlanta Business Chronicle, 23 January 2004.
  4. ↑ "Federal Reserve approved Regions, AmSouth merger," Nashville Business Journal, 23 October 2006.
  5. ↑ "Regions completes second phase of AmSouth integration," Memphis Business Journal, 31 October 2007.
  6. ↑ "Moore to retire from Regions". Memphis Business Journal. American City Business Journals. November 6, 2007. Retrieved August 30, 2019– via bizjournals.com.
  7. ↑ "Regions/AmSouth CEOs made millions in 2006". Birmingham Business Journal. American City Business Journals. March 19, 2007. Retrieved August 30, 2019– via bizjournals.com.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.