December 10, 2007 / 9:09 PM / 11 years ago

Regions Financial sees $300 mln cost savings for 2007

Dec 10 (Reuters) - Regions Financial Corp (RF.N) said it expects at least $300 million in cost savings for 2007, twice the original target, as it completed the merger integration of AmSouth Bancorp ahead of schedule.

The company said it expects reaching a run rate of at least $500 million in cost savings by the second quarter of 2008, up from the original target of $400 million. (Reporting by Avishek Mishra in Bangalore; Editing by Gopakumar Warrier)

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