The first-ever auto loan securitization from Regions Acceptance LLC brings more than just a new issuer to the ABS market, as Regions Financial Corp. also owns underwriter Morgan Keegan. As with any other captive issuer-underwriter relationship, Morgan Keegan will be leading future transactions for the Birmingham, Ala.-based regional bank, sources said.

Morgan Keegan, known more an as agency debt and mortgage securities underwriter, has never been lead manager on a consumer asset ABS. To date, Morgan has sold $3.2 billion of agency debt securities, according to Thomson Financial, ranking fifteenth in the league tables through last week.

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