Jackson W. Moore
Encyclopedia
Jackson W. Moore is an American attorney and retired Executive Chairman of Union Planters Bank and Regions Financial Corporation.
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. While in college, Moore met Betty Wilson, daughter of Holiday Inn
founder, Kemmons Wilson
, on a blind date. He and Betty were married in 1971 following his first year at Vanderbilt University Law School
, where he graduated in 1973. 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. 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
, but under Rawlins' leadership, Union Planters
' profitability had declined largely due to over-expansion. Moore closed over two hundred of the bank’s under-performing branches, eliminated unnecessary salaries and expenditures, and streamlined operations. Union Planters’ stock price increased by sixty percent and its net income by twenty-nine percent in the first two years of Moore’s leadership.
and one of the largest banks in the Southeast
. The $5.9 billion transaction created an expanded Regions Bank with five million customers and over fifty-six billion dollars in deposits. After one hundred thirty years, the Union Planters’ name was abandoned in favor of Regions though the Union Planters logo was retained for two years. Regions counted 1,400 branches 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 bank and relocated with his family to its new headquarters in Birmingham, Alabama
. In October, 2006, Moore oversaw Regions' merger with AmSouth Bancorporation
. 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 United States
, with over $140 billion in assets, two thousand branches located in sixteen states, and thirty-seven thousand employees. Moore was named Executive Chairman of Regions Bank, but AmSouth's C. Dowd Ritter became CEO of Regions.
, 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.
Early career
Jackson W. Moore was born in Birmingham, AlabamaBirmingham, Alabama
Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
on November 2, 1948. He grew up in Clanton, Alabama
Clanton, Alabama
Clanton is a city in Chilton County, Alabama, United States. It is part of the Birmingham–Hoover–Cullman Combined Statistical Area. At the 2000 census the population was 7,800. The city is the county seat of Chilton County.-History:...
and graduated from Chilton County High School
Chilton County High School
Chilton County High School is a secondary school located in Clanton, Alabama, which educates grades 9-12.As of 2008, the school principal is Mr. Gregory DeJarnett. The school mascot is the Tiger.-Notable alumni:...
in 1966. In the fall of 1966, at the age of seventeen, Moore enrolled at the University of Alabama
University of Alabama
The University of Alabama is a public coeducational university located in Tuscaloosa, Alabama, United States....
, where he received his Bachelor's degree in banking and finance in 1970. While in college, Moore met Betty Wilson, daughter of Holiday Inn
Holiday Inn
Holiday Inn is a brand of hotels, formally a economy motel chain, forming part of the British InterContinental Hotels Group . It is one of the world's largest hotel chains with 238,440 bedrooms and 1,301 hotels globally. There are currently 5 hotels in the pipeline...
founder, Kemmons Wilson
Kemmons Wilson
Charles Kemmons Wilson was the founder of the Holiday Inn chain of hotels.-Personal life:He was born in Osceola, Arkansas, the only child of Kemmons and Ruby "Doll" Wilson. His father was an insurance salesman who died when Kemmons was nine months old...
, on a blind date. He and Betty were married in 1971 following his first year at Vanderbilt University Law School
Vanderbilt University Law School
Vanderbilt University Law School is a graduate school of Vanderbilt University. Established in 1874, it is one of the oldest law schools in the southern United States. Vanderbilt Law has consistently ranked among the top 20 law schools in the nation, and is currently ranked 16th in the 2012...
, where he graduated in 1973. Following a clerkship with Sullivan and Cromwell in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
working on mergers and acquisitions, he entered the private practice of law in 1973 in Memphis, Tennessee
Memphis, Tennessee
Memphis is a city in the southwestern corner of the U.S. state of Tennessee, and the county seat of Shelby County. The city is located on the 4th Chickasaw Bluff, south of the confluence of the Wolf and Mississippi rivers....
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. 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
Tennessee
Tennessee is a U.S. state located in the Southeastern United States. It has a population of 6,346,105, making it the nation's 17th-largest state by population, and covers , making it the 36th-largest by total land area...
, but under Rawlins' leadership, Union Planters
Union Planters
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...
' profitability had declined largely due to over-expansion. Moore closed over two hundred of the bank’s under-performing branches, eliminated unnecessary salaries and expenditures, and streamlined operations. Union Planters’ stock price increased by sixty percent and its net income by twenty-nine percent in the first two years of Moore’s leadership.
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 United StatesUnited States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and one of the largest banks in the Southeast
Southeastern United States
The Southeastern United States, colloquially referred to as the Southeast, is the eastern portion of the Southern United States. It is one of the most populous regions in the United States of America....
. The $5.9 billion transaction created an expanded Regions Bank with five million customers and over fifty-six billion dollars in deposits. After one hundred thirty years, the Union Planters’ name was abandoned in favor of Regions though the Union Planters logo was retained for two years. Regions counted 1,400 branches across fifteen states, and it was the largest bank in Louisiana
Louisiana
Louisiana is a state located in the southern region of the United States of America. Its capital is Baton Rouge and largest city is New Orleans. Louisiana is the only state in the U.S. with political subdivisions termed parishes, which are local governments equivalent to counties...
, Alabama
Alabama
Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...
, Arkansas
Arkansas
Arkansas is a state located in the southern region of the United States. Its name is an Algonquian name of the Quapaw Indians. Arkansas shares borders with six states , and its eastern border is largely defined by the Mississippi River...
, Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
, Mississippi
Mississippi
Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...
and Tennessee
Tennessee
Tennessee is a U.S. state located in the Southeastern United States. It has a population of 6,346,105, making it the nation's 17th-largest state by population, and covers , making it the 36th-largest by total land area...
. Moore was named Chairman and chief executive of the bank and relocated with his family to its new headquarters in Birmingham, Alabama
Birmingham, Alabama
Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
. In October, 2006, Moore oversaw Regions' merger with AmSouth Bancorporation
AmSouth Bancorporation
AmSouth Bancorporation was a banking company headquartered in Birmingham, Alabama, and operated for its final year in existence as a bank holding company of Regions Financial Corporation after a merger between the two banks. AmSouth was previously known as First National Bank of Birmingham, which...
. 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 United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, with over $140 billion in assets, two thousand branches located in sixteen states, and thirty-seven thousand employees. Moore was named Executive Chairman of Regions Bank, but AmSouth's C. Dowd Ritter became CEO of Regions.
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. Moore, with wife Betty, moved back to MemphisMemphis, Tennessee
Memphis is a city in the southwestern corner of the U.S. state of Tennessee, and the county seat of Shelby County. The city is located on the 4th Chickasaw Bluff, south of the confluence of the Wolf and Mississippi rivers....
, 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
Vanderbilt University
Vanderbilt University is a private research university located in Nashville, Tennessee, United States. Founded in 1873, the university is named for shipping and rail magnate "Commodore" Cornelius Vanderbilt, who provided Vanderbilt its initial $1 million endowment despite having never been to the...
and Chairs the President's Cabinet at The University of Alabama. He continues his support of the Boy Scouts of America
Boy Scouts of America
The Boy Scouts of America is one of the largest youth organizations in the United States, with over 4.5 million youth members in its age-related divisions...
, himself a recipient of the Eagle Scout Award and the Distinguished Eagle Scout Award
Distinguished Eagle Scout Award
The Distinguished Eagle Scout Award is a distinguished service award of the Boy Scouts of America . It is awarded to an Eagle Scout for distinguished service in his profession and to his community for a period of at least 25 years after attaining the level of Eagle Scout...
.
The Birmingham Business Journal
Birmingham Business Journal
The Birmingham Business Journal is a weekly business newspaper published in Birmingham, Alabama. The newspaper was founded in 1983 by Tina Verciglio-Savas and became a part of American City Business Journals in 1999. The newspaper publishes business news in the Birmingham area and also the state of...
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.