Regions Responds: Bank Announces Flood-Recovery Services for Middle Tennessee; Regions Foundation Announces $50,000 in Disaster Relief
26 Agosto 2021 - 3:00PM
Business Wire
Regions Bank and the nonprofit Regions Foundation launch a
comprehensive community response.
Regions Bank on Thursday announced a series of financial
services to help people and businesses impacted by recent
catastrophic flooding in Middle Tennessee. In addition, the Regions
Foundation, a nonprofit initiative primarily funded by Regions
Bank, announced grants totaling $50,000 for organizations providing
disaster relief.
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the full release here:
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“Regions will stand with our customers,
associates and communities to provide needed support through this
disaster,” said Scott Beard, local market executive for Regions
Bank. (Graphic: Business Wire)
“Our hearts go out to the loved ones and friends of those who
were lost in the floods,” said Scott Beard, local market executive
for Regions Bank. “Having been raised in Houston County, I have
never seen anything like it. It was devastating to see how the
waters came like a tidal wave, lifting houses from their
foundations, destroying places of business, and instantly changing
communities as we know them. Recovery will be long and grueling.
Our aim at Regions Bank is to lessen the burden as communities
rebuild by offering helpful financial services. And we appreciate
the work of our colleagues at the Regions Foundation in providing
disaster-recovery grant funding during a time of tremendous
need.”
Marta Self, executive director of the Alabama-based Regions
Foundation, said the $50,000 in grant funding from the foundation
will be divided evenly to support United Way of Humphreys County
and The Community Foundation of Middle Tennessee, both of which are
meeting urgent needs for people throughout the disaster area.
“We are devastated by the loss of life and are heartbroken by
the impacts of the flooding on people, families, and businesses
throughout the area,” Self said. “These grants from the Regions
Foundation will help United Way of Humphreys County and The
Community Foundation of Middle Tennessee advance the recovery
that’s underway while making a meaningful difference in the lives
of our neighbors and community members.”
Disaster-recovery financial services offered by Regions Bank in
impacted areas of Humphreys, Houston, Hickman, and Dickson
counties1, available for a limited time, will include:
- Regions Mortgage Disaster Relief Purchase and Renovation loan
programs
- Regions fees will be waived when Regions customers use other
banks’ ATMs in the impacted areas for 15 days beginning Aug. 26,
2021. (Note: Fees charged by other banks or ATM owners may still
apply.)
- No check-cashing fees for FEMA-issued checks when cashed in a
Regions branch2
- 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 on new personal
unsecured loans when customers apply in a branch or by phone.
- An interest rate discount of 0.50% on standard rates is
available 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 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
Beyond these services, Regions Bank teams are available to
listen to customers’ unique needs and connect them with options
that can help. Customers can reach Regions personnel at the
following numbers:
- 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
Regions’ branch in Waverly was severely impacted by flood waters
and is currently closed while teams from the bank assess damage. In
the meantime, branch services remain available in the communities
of Erin, Dickson, Dover, and Paris. Services are also available at
the contact information listed above, through the Regions Mobile
Banking App, and www.regions.com.
“One of the first steps to recovery is knowing where to go for
help,” said Michael Pardue, Midsouth Consumer Banking executive for
Regions Bank. “At Regions Bank, we are here to help. Whether it’s
at our other branch locations in western Middle Tennessee, or
through our digital or phone options, we encourage people with
financial needs to let us know how we may be of service.”
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 and only to individuals
and businesses affected by the August 2021 flooding in western
Middle Tennessee in the following ZIP codes and may be subject to
other exclusions and restrictions. Offers are subject to change
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. Impacted ZIP codes in
Regions’ retail banking footprint include: 37025, 37033, 37055,
37061, 37098, 37101, 37137, 37175, 37178, 37185. 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 rate discount 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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