Regions Foundation funding to support community recovery;
Regions Bank services designed to help people impacted by recent
storms in Tennessee and Kentucky
Regions Bank and the Regions Foundation on Wednesday announced a
tornado response plan aimed at supporting communities that were
impacted by a series of tornadoes Saturday, Dec. 9.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231213963310/en/
Regions and its predecessor banks have
served people and businesses in Middle Tennessee for 140 years. The
Alabama-based Regions Foundation is a nonprofit primarily funded by
Regions Bank to support community needs, including disaster
recovery. (Photo: Business Wire)
The plan is built around two key elements:
- Funding from the Regions Foundation to support community-based
recovery efforts
- Disaster-recovery financial services from Regions Bank to help
people and businesses in Middle Tennessee and Southern
Kentucky
Regions Foundation
Funding:
The Regions Foundation is providing a total of $100,000 to be
divided among tornado relief funds operated by United Way of
Greater Nashville and the Community Foundation of Middle Tennessee,
as well as the food distribution program operated by Manna Café
Ministries in Clarksville.
United Way of Greater Nashville and the Community Foundation of
Middle Tennessee quickly launched a coordinated storm response
after Saturday’s tornadoes. Together, the organizations are working
with nonprofits and faith-based community partners to address a
wide range of urgent needs for storm survivors in several counties.
From the Foundation’s $100,000 in grant funding, $90,000 will be
allocated toward these relief efforts serving people across Middle
Tennessee.
Manna Café Ministries operates hunger relief programs and
delivers other vital services for people across Montgomery and
Stewart counties. Manna Café will receive the additional $10,000
from the Regions Foundation’s grant funding to help address
community needs amid the recovery.
“These organizations are on the ground doing what they do best –
meeting important needs, while providing care and compassion, and
we are proud to support their work,” said Marta Self, executive
director of the Regions Foundation. “We recognize this will be a
long and difficult recovery. But we are encouraged by the spirit of
unity and determination that’s evident in every community as
neighbors help neighbors. Our goal with this funding is to provide
resources to help keep the recovery moving forward in the days,
weeks, and months to come.”
The Community Foundation of Middle Tennessee and United Way of
Greater Nashville urge additional organizations, businesses, and
individuals to support relief work. More information is available
in this link. Likewise, additional information and donation
opportunities for Manna Café can be found here.
Based in Alabama, the Regions Foundation is a nonprofit funded
primarily by Regions Bank. The Regions Foundation issues grants
supporting several key initiatives, including disaster relief,
across communities in the South, Midwest, and Texas.
Disaster-Recovery Financial Services
from Regions Bank:
Separately, Regions Bank has designed financial services to help
people and businesses impacted by the tornadoes. The following
options are available for a limited time in affected communities1
in Middle Tennessee and Southern Kentucky. Services include:
- Regions Mortgage Disaster Relief Purchase and Renovation loan
programs are available.
- Non-Regions ATM fees will be waived when Regions customers use
other banks’ ATMs in the impacted areas1 for at least seven days
beginning Dec. 13, 2023. (Note: Fees charged by other banks or ATM
owners may still apply.)
- Regions will waive ATM surcharges for non-Regions customers
using Regions ATMs in the impacted areas for seven days beginning
Dec. 13, 2023.
- No check-cashing fees will be charged for FEMA-issued checks
when cashed in a Regions branch.2
- Personal and business loan payment assistance is
available.3
- Payment deferrals are available for current credit card
holders.3
- Business loan payment deferrals of up to 90 days are available,
expiring March 12, 2024.3
- One penalty-free CD withdrawal is available upon request
(unless within seven days of issuance or renewal) for up to 90
days, expiring March 12, 2024.
- An interest rate discount of up to 0.50% on new personal
unsecured loans when customers in impacted areas apply in a branch
or by phone4. The offer is available for up to 90 days, expiring
March 12, 2024.
- An interest rate discount of up to 0.50% on auto loans when
customers in impacted areas apply in-branch or by phone4. The offer
is available for up to 90 days, expiring March 12, 2024.
Regions Bank also has dedicated teams available to help
customers with questions or needs related to the following
services:
- Mortgages, home equity loans, and lines of credit: Call
1-800-748-9498.
- Credit cards, consumer loans, and lines of credit: Call
1-866-298-1113.
- Any other banking needs: Call 1-800-411-9393.
“Our teams have many years of experience providing financial
advice and guidance in these communities, and we are here to
leverage our local insights to help people and businesses recover
and rebuild,” said Lee Blank, market executive for Regions Bank in
Nashville and Middle Tennessee. “We are committed to meeting
short-term and long-term needs, and we invite our customers to
share their individual circumstances with us so we can identify
specific ways to serve. Whether it is through your local branch, or
by calling our Contact Centers, or through regions.com, we are here
to connect you with what you need.”
Customers are also encouraged to visit Regions Bank’s online
Disaster Relief Center at www.regions.com/DisasterRelief for timely
information on financial recovery programs, loan assistance
resources, and more.
About Regions Foundation
Regions Foundation supports community investments that
positively impact the communities served by Regions Bank. The
Foundation engages in a grantmaking program focused on priorities
including economic and community development; education and
workforce readiness; and financial wellness. The Foundation is a
nonprofit 501(c)(3) corporation funded primarily through
contributions from Regions Bank.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $154 billion in
assets, is a member of the S&P 500 Index and is one of the
nation’s largest full-service providers of consumer and commercial
banking, wealth management, and mortgage products and services.
Regions serves customers across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,250
banking offices and more than 2,000 ATMs. Regions Bank is an Equal
Housing Lender and Member FDIC. Additional information about
Regions and its full line of products and services can be found at
www.regions.com.
1Offers are available for a limited time and only to individuals
and businesses affected by the Dec. 9 series of tornadoes in the
following ZIP codes. Other ZIP codes may be added to this list
based on updated storm surveys and damage reports: 37040, 37042,
37066, 37075, 37077, 37115, 42204, 42234, 42265. Offers may be
subject to other exclusions and restrictions and are subject to
change without notice. All loans and lines, deferrals, extensions,
or forbearances may be subject to required documentation and credit
approval. Residency restrictions may apply. Special loan interest
rates may be determined by applicant’s credit profile and may not
extend to products offered by third parties, such as Avant. 2The
FEMA no-check-cashing fee offer is available only to Regions
customers; if you are not a Regions customer, you must enroll in
Now Banking. No checking account is required to enroll in Now
Banking. Regions reserves the right to refuse to cash any check.
3May be subject to credit approval. Interest will continue to
accrue during the period that the payment is skipped or deferred.
For installment loans, deferring or skipping payment may extend the
maturity of your loan but will not automatically extend any
optional insurance. Forbearances, skipped payments and deferrals
(a) may vary by customer, (b) postpone – rather than forgive –
certain payment obligations and (c) may require payment in full of
the postponed payments at the end of the forbearance or deferral
period, in addition to any other amounts that come due, unless you
make other arrangements with Regions to resolve the delinquency.
4New personal unsecured loan and new auto loan rate discounts may
not be combined with other special offers or discounts. The rate
discount of up to 0.50% includes 0.25% disaster relief rate
discount with an additional 0.25% rate discount when you enroll in
auto debit loan payments from an existing Regions checking
account.
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