Regions Bank and the Regions Foundation Launch Response for Mississippi Water Crisis
02 Settembre 2022 - 3:00PM
Business Wire
Regions Bank and the nonprofit Regions Foundation stand in
support of communities affected by the water crisis in Metro
Jackson and Central Mississippi.
The Regions Foundation, an Alabama based nonprofit initiative
funded primarily by Regions Bank, on Friday announced a $25,000
grant to the United Way of the Capital Area in support of the
Jackson Water Crisis Relief Fund. In addition, Regions Bank
announced a range of special bank services to assist customers in
the area who are directly impacted by the crisis.
DISASTER RELIEF
The $25,000 grant to the United Way of the Capital Area will
focus on short-term relief and long-term recovery needs for people
and businesses affected by recent flooding that impacted the main
water treatment facility in Jackson, Mississippi, causing a
multiday water outage and leaving the community without a reliable
water source.
“United Way and its agency partners are doing incredible work as
they rapidly respond to urgent needs due to the water crisis in
Metro Jackson and Central Mississippi,” said Marta Self, executive
director of the Regions Foundation. “Additional needs will develop
as our communities continue to face challenges with obtaining a
sufficient water supply, and the Regions Foundation will be there
to support the ongoing work.”
Robert Leard, Metro Jackson market executive for Regions Bank,
said the bank worked quickly to support impacted residents with
disaster-recovery financial services. In addition, one of the most
valuable ways the bank and foundation will make a difference, he
said, is by coming together to address broader community needs.
“We are committed to serving and supporting the people and
businesses in Metro Jackson and all of Mississippi currently
struggling with the lack of reliable and safe water,” added Leard.
“During times like this, it is especially important for us to pull
together and ensure that resources are available to those who need
them most. We hope that this $25,000 grant from the Regions
Foundation to the United Way of the Capital Area will make a
meaningful difference for people and families as we pull through
this challenging time together.”
SPECIAL BANK SERVICES:
The disaster-recovery financial services offered by Regions Bank
in impacted areas1 are available for a limited time starting
September 2, 2022. Areas covered by these services may be expanded
to include additional communities based on ongoing damage
assessments. Among those services:
- No check-cashing fees will be charged for FEMA-issued checks
when cashed in a Regions branch.2
- Payment deferrals for credit card holders may be available
based on individual circumstances.3
- Personal and business loan payment assistance may be available
based on individual circumstances.3
- Regions fees will be waived when Regions’ customers use other
banks’ ATMs in the impacted areas for at least 7 days beginning
September 2, 2022. (Note: Fees charged by other banks or ATM owners
may still apply.)
- Regions ATM fees charged to customers of other banks using
Regions ATMs will be waived for at least 7 days beginning September
2, 2022 (Note: Fees charged by other banks or ATM owners may still
apply).
- Business loan payment deferrals of up to 90 days may be
available based on individual circumstances.3
- One penalty-free CD withdrawal is available upon request
(unless within seven days of issuance or renewal).
- An interest rate discount of 0.50% is available through
December 1, 2022, on new personal unsecured loans when customers
apply in a branch or by phone.4
- Check www.regions.com/MSWaterCrisis for an updated list of
areas where these offers are available as damage assessments
continue.
HERE FOR YOU:
In addition to the above disaster-recovery services, Regions
Bank teams can be contacted at the following numbers for customized
guidance on a range of lending products, including:
- Mortgages, home equity loans and lines: 1-800-748-9498
- Other consumer loans: 1-866-298-1113
- Any other banking needs: 1-800-411-9393
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 $161 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 1,300
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 to individuals and
businesses affected by Jackson, Mississippi water crisis event and
remnants of the storm in the following ZIP codes; the current list
of over 300 ZIP codes may be expanded as additional impacts from
the remnants of Ida are experienced and further damage assessments
are concluded. Offers may be subject to other exclusions and
restrictions and are subject to change or termination without
notice. All loans and lines, deferrals, extensions or forbearances
are subject to required documentation and credit approval.
Residency restrictions may apply. Special interest rates determined
by applicant’s credit profile may not extend to products offered by
third parties, such as Avant. Initially, impacted ZIP codes in
Regions’ retail banking footprint include the following list, which
is subject to expansion: 39041 – 39056 – 39058 – 39060 -39066 –
39175 – 39039 - 39040 – 39046 – 39047 – 39071 – 39110 – 39130 –
39154 – 39157 – 39158 – 39163 – 39170 – 39174 -39179 – 39201 –
39202 – 39203 – 39204 – 39205 – 39207 – 39208 – 39209 – 39210 –
39211 – 39212 -39213 – 39215 – 39216 – 39217 – 39225 – 39232 –
39236 – 39250 – 39269 – 39271- 39272 – 39282 -39283 – 39284 – 39286
– 39288 – 39289 – 39296 - 39298
2The FEMA check no-check-cashing-fee offer is available only to
Regions customers; if you are not a Regions customer, you must
enroll in Regions Now Banking. No checking account is required to
enroll in Now Banking. Regions reserves the right to refuse to cash
any check.
3Subject 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
generally (a) vary by customer, (b) postpone – rather than forgive
– certain payment obligations, and (c) 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 rate discounts may not be combined
with other special offers or discounts. Interest will accrue during
the optional 90-day payment deferral period for unsecured business
loans if elected.
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