Regions Bank and the nonprofit Regions Foundation stand in
support of people and businesses recovering from Ida’s impacts.
Regions Bank on Wednesday announced a series of financial
services to help people and businesses impacted by Hurricane Ida.
In addition, the Regions Foundation, a nonprofit initiative funded
primarily by Regions Bank, announced a commitment of $250,000 in
grant funding for organizations providing disaster relief.
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the full release here:
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“Regions will stand with our customers
and communities,” said Steve Nivet, Consumer Banking regional
executive for Regions Bank. Services for individuals and businesses
are designed to support disaster relief. (Graphic: Business
Wire)
Disaster Relief:
Marta Self, executive director of the Regions Foundation, said
the $250,000 total will be divided among several agencies meeting
short- and long-term needs. Initial grants from the $250,000 total
will include:
- $50,000 for the Louisiana Region of the American Red Cross,
which is working with community partners to provide shelter and
comfort for people in need;
- $50,000 for the Salvation Army’s Alabama-Louisiana-Mississippi
division, which is managing large-scale relief work in several
areas hit hard by Ida;
- $25,000 for United Way of Southeast Louisiana in New Orleans,
which is administering a dedicated Hurricane Ida Relief Fund;
- and $25,000 for the Houma-based United Way of South Louisiana,
which serves Assumption, Lafourche, St. Mary and Terrebonne
parishes.
- Remaining funding from the $250,000 total will be allocated to
organizations based on longer-term needs that emerge in the coming
months.
“Nonprofits and relief organizations are doing incredible work
addressing urgent needs, and through these grants, our focus at the
Regions Foundation is to provide resources that will support their
real-time response to the storm,” Self said. “Additional needs will
develop as our communities rebuild stronger, and the Regions
Foundation will be there to support ongoing work well into the
future. We also encourage people and businesses who are in a
position to donate to consider how they, too, can support
nonprofits that are on the front lines of helping people impacted
by Hurricane Ida.”
Special Bank Services:
Regions Bank is currently assessing impacts to its branch
network in areas affected by the storm. While the reopening
timeframe for individual branches in the most severely impacted
areas will evolve in the coming days, banking services remain
available around the clock through Regions.com and the Regions
Mobile App. Services are also available by calling 1-800-REGIONS or
specific departments within the bank as listed below.
Steve Nivet, Consumer Banking regional executive for Regions
Bank, said the company worked quickly to develop customized
disaster-recovery services for consumers and businesses alike. In
addition, one of the most valuable ways the bank will make a
difference, he said, is by listening to customers’ unique
needs.
“Regions Bank will stand with our customers and communities as
we recover from Ida together,” Nivet added. “These are the
communities where our teams live and work. In addition to their
local experience, they are backed by the strength of our entire
organization. For many years, we have helped people and businesses
recover following natural disasters, and we are ready to serve with
compassion and understanding.”
The disaster-recovery financial services offered by Regions Bank
in impacted areas1 are available for a limited time starting Sept.
1, 2021. Areas covered by these services may be expanded to include
additional communities based on ongoing damage assessments. Among
services:
- Regions Mortgage Disaster Relief Purchase and Renovation loan
programs are available.
- Regions fees will be waived when Regions customers use other
banks’ ATMs in the impacted areas for at least 15 days beginning
Sept. 1. (Note: Fees charged by other banks or ATM owners may still
apply.)
- 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
- 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 Nov.
30, 2021, on new personal unsecured loans when customers apply in a
branch or by phone.4
- An interest rate discount of 0.50% on standard rates is
available through Nov. 30, 2021, for new business loans or lines of
credit of up to $1 million to help with recovery needs in impacted
areas.4
- An interest rate discount of 0.50% is available through Nov.
30, 2021, on new unsecured business term loans of up to $50,000
with up to 36-month terms, including waived origination and loan
document fees, as well as options for the first payments to be
deferred by up to 90 days.4
- Check www.regions.com/HurricaneIda 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
“Throughout our organization, we are focused on one clear goal:
to be there for the people and communities we serve,” said Graham
Ralston, New Orleans market executive for Regions Bank. “This is
our home. These are our neighbors. These are the businesses we rely
on. And our teams at Regions Bank stand ready to provide insights
and guidance every step of the way.”
Business Support:
Regions Bank’s support for business clients covers companies of
various sizes. From small, locally owned companies to major
employers, Regions teams are focused on helping clients during all
aspects of recovery.
“As part of our work with small businesses, middle-market
companies and large corporate clients, our teams are proactively
reaching out to learn how individual businesses fared during the
storm – and to collaborate on any services we can provide moving
forward,” added Brian Willman, head of Commercial Banking for
Regions Bank. “We are here to assist, and we encourage anyone
needing customized financial services to let us know how we can
help you and your company make it through this time.”
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 $156 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 more than 1,300
banking offices and approximately 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 Hurricane Ida 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: 70001 – 70006, 70009 – 70011, 70030 – 70033, 70036 –
70041, 70043, 70044, 70047, 70049 – 70060, 70062 – 70065, 70067 –
70073, 70075, 70076, 70078 – 70087, 70090 – 70094, 70096, 70097,
70112 – 70119, 70121 – 70131, 70139, 70141 – 70143, 70145, 70146,
70148, 70150 – 70154, 70156 – 70167, 70170, 70172, 70174 – 70179,
70181 – 70187, 70189, 70190, 70195, 70301, 70302, 70310, 70339 –
70346, 70352 – 70361, 70363, 70364, 70371 – 70375, 70377, 70380,
70381, 70390 – 70395, 70397, 70401 – 70404, 70420 – 70422, 70426,
70427, 70429, 70431, 70433, 70434 – 70438, 70441 – 70467, 70469 –
70471, 70512 – 70514, 70517, 70519, 70521 – 70523, 70538, 70540,
70544, 70552, 70560, 70562, 70563, 70569, 70582, 70704, 70706,
70707, 70710 – 70712, 70714, 70715, 70718, 70719, 70721 – 70723,
70725 – 70730, 70732 – 70734, 70736 – 70740, 70743, 70744, 70747 –
70749, 70752 – 70757, 70759 – 70765, 70767, 70769, 70770, 70772 –
70778, 70780, 70782 – 70789, 70791, 70792, 70801 – 70823, 70825 –
70827, 70831, 70833, 70835 – 70837, 70873, 70874, 70879, 70884,
70891 – 70896, 70898. 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 business loan and 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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Media Contact: Veleka Finch Regions Bank (205)
264-4551
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