BIRMINGHAM, AL. / ACCESSORIES / February 2, 2023 / By Jennifer Elmore
Regions Bank and the Regions Foundation announced a comprehensive tornado relief plan intended to support communities that were impacted by a series of tornadoes on January 12.
The plan is based on three key elements:
Regions Foundation grants support storm relief in Dallas and Autauga counties in Alabama
Regions Bank Associate Volunteer
Disaster recovery financial services offered by Regions Bank in Alabama and Georgia
Regions Foundation Grants:
Regions Foundation is a non-profit initiative funded primarily by Regions Bank. The foundation’s services include disaster recovery support in ways that meet short- and long-term needs. The foundation will provide a series of grants totaling at least $75,000 to organizations coordinating disaster relief in Selma and Dallas County, Alabama, as well as affected communities in nearby Autauga County.
Of the initial total of $75,000, the grants will be divided between:
Edmundite Quests: For more than 85 years, Selma-based Edmundite Missions has served the Deep South by providing food, clothing and shelter to those in need. Immediately after the storms passed on January 12, the Edmundite team was on the ground serving the people around Selma. The Regions Foundation is supporting this ongoing work through a grant of $50,000 of the total of $75,000.
Central Alabama Community Foundation: Shortly after the Selma impact, another tornado tore through Autauga County. Damage was widespread and particularly severe in the Old Kingston area and northeastern communities. The Central Alabama Community Foundation is serving individuals and families facing extended recovery. The Regions Foundation is supporting this work through a $25,000 grant to CACF of the total $75,000.
Long-term needs: In addition to the initial total of $75,000, the Regions Foundation is prepared to allocate up to $25,000 in additional grant funds to help community partners meet long-term storm recovery needs as they arise in the coming weeks and months.
“Over the past several days, we have seen a tremendous spirit of determination and unity as neighbors help neighbors and support each other during a very difficult time. The Regions Foundation is committed to providing financial resources that will support the recovery today , tomorrow and into the future,” said Marta Self, executive director of Fundación Regiones. “This is an extension of our long-term work to serve Selma, central Alabama and surrounding areas, and we will look for meaningful ways to build on this work as the recovery progresses.”
Regions Bank Associates Volunteering:
Regions Bank has served affected areas for generations. This service goes beyond day-to-day banking. It includes deep community involvement, such as volunteering by bank associates.
“Over the past few days, Regions has delivered boxes of water, chips, cookies and other non-perishable food items to shelter organizations in Selma and impacted residents in the Orrville community. Our teams are actively seeking additional volunteer opportunities so we can further support the recovery in the coming weeks,” said Robert Birmingham, Montgomery and Central Alabama market executive for Regions Bank. “We are committed to improving the places where we live and work, and volunteering is a key way we Regions Bank works to fulfill its mission of improving the lives of the people and places we serve.”
Regions Bank Disaster Recovery Financial Services:
Beyond volunteer support, Regions Bank has designed financial services to help people and businesses affected by the storms. Options available for a limited time in parts of Alabama, as well as in affected communities in eastern Georgia,one include:
Starting January 19, Regions fees will be waived for at least seven days when customers use other banks’ ATMs in the affected areas. (Note: Fees charged by other banks or ATM owners may still apply.)
Regions Disaster Mortgage Assistance Purchase and Renovation Loan Programs are available.
Check cashing fees will not be charged for checks issued by FEMA when cashed at a Regions branch.2
Personal and business loan repayment assistance is available.3
Payment deferrals are available to current credit card holders.3
Business loan deferments of up to 90 days are available.3
A penalty-free CD withdrawal is available upon request (unless within seven days of
issue or renewal).
An interest rate discount of 0.50% is available through April 19 on new unsecured personal loans when customers in affected areas apply at a branch or by phone.4
An interest rate discount of up to 0.50% is available through April 19 on auto loans when customers in affected areas apply at a branch or by phone.5
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 to help people recover and rebuild after a natural disaster,” said John Anderson, Regions Bank consumer banking executive. “At the branch around the corner, by calling our Contact Centers or through regions.com, we’re here to connect consumers and businesses with what they need to move forward.”
About the Regions Foundation
The Regions Foundation supports community investments that have a positive impact in the communities that Regions Bank serves. The Foundation participates in a grantmaking program focused on priorities including economic and community development; education and job preparation; and financial well-being. The Foundation is a 501(c)(3) nonprofit corporation funded primarily through contributions from Regions Bank.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $158 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 throughout the South, Midwest and Texas and, through its subsidiary, Regions Bank, operates approximately 1,300 bank offices and more than 2,000 ATMs. Regions Bank is a fair housing lender and member of the FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
oneOffers are available for a limited time and only to individuals and businesses affected by the January 12 series of tornadoes in the following ZIP codes: 30014, 30055, 30205, 30206, 30212, 30217, 30218, 30222, 30223, 30224, 30230 , 30233, 30234, 30240, 30241, 30248, 30276, 30292, 31064, 35010, 35042, 35136, 35441, 35448, 35456, 35459, 35460, 35462, 35464, 35469, 35474, 35553, 35565, 35565, 36003, 36003, 36003 , 36026, 36051, 36067, 36080, 36521, 36522, 36560, 36701, 36702, 36703, 36744, 36749, 36756, 36759, 36767, 36850, 36853, 36865, 36865, 36865
Offers may be subject to other exclusions and restrictions and are subject to change without notice. All loans and lines, deferments, extensions or forbearances may be subject to required documentation and credit approval. Residency restrictions may apply. Special loan interest rates may be determined by the applicant’s credit profile and may not extend to products offered by third parties, such as Avant.
2FEMA’s no check cashing rate offer is available to Regions customers only; if you are not a Regions customer, you must enroll in Now Banking. A checking account is not 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 payment is missed 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, missed payments, and deferrals (a) may vary by customer, (b) postpone, rather than forgive, certain payment obligations, and (c) may require payment in full of postponed payments at the end of the forbearance period. forbearance or deferment, in addition to any other amounts due, unless you make other arrangements with Regions to resolve the delinquency.
4The new unsecured personal loan rate discounts cannot be combined with any other special offers or discounts. 5Auto loan rate discount of up to 0.50% includes a 0.25% disaster relief rate discount with an additional 0.25% rate discount when you enroll in automatic debit payments from a checking account existing Regions. Auto loan rate discounts cannot be combined with any other special offers or discounts.
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Spokesperson: Regions Bank
Email: [email protected]
FONT: Bank of Regions
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