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Kaye/Bassman’s Tim White Quoted in Investment Times, “Morgan Keegan’s 1,200 reps are waiting to see if parent bank Regions can find a buyer”

Kaye/Bassman’s Tim White Quoted in Investment Times, “Morgan Keegan’s 1,200 reps are waiting to see if parent bank Regions can find a buyer”

FOR IMMEDIATE RELEASE:

Kaye/Bassman’s Tim White Quoted in Investment Times, “Morgan Keegan’s 1,200 reps are waiting to see if parent bank Regions can find a buyer”

Dallas, Texas, 8/11/2011: Morgan Keegan’s 1,200 reps are waiting to see if parent bank Regions can find a buyer

The most valuable asset remaining at Morgan Keegan is likely to be its retail-brokerage sales force, which is concentrated in the Southeast. Goldman’s ability to find a buyer for the firm in large part may depend on how Morgan Keegan reps react to overtures from executive recruiters over the next few weeks. A spokesman for Morgan Keegan said that the company doesn’t disclose information about retention strategies. Morgan Keegan advisers have been a very loyal bunch for most of the firm’s 41-year history, recruiters said.

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