The report shows how regions made an impact in a year like no other.
BIRMINGHAM, Alabama, July 20, 2021– (BUSINESS WIRE) – Regions Financial Corp. (NYSE: RF) today announced the release of the Making Life Better: 2020 Community Engagement report, which chronicles how Regions Bank and the Regions Foundation, along with Regions Bank associates and community partners, invested in communities during a year like no other.
“At Regions Bank and the Regions Foundation, we believe we are as strong as the communities we serve. This is why we are making targeted investments in local organizations that respond to urgent needs, ”said Leroy Abrahams, Community Affairs Manager at Regions Bank. and president of the Fondation des Régions. “The events of 2020 have created unprecedented challenges for everyone, but especially for underserved communities and people of color. Regions Bank, our associates, the Regions Foundation and a wide variety of community organizations have come together to address these challenges head-on. This report celebrates the number of associations and innovative programs that the Banque des Régions and the Fondation des Régions supported in 2020, a year like no other. “
The Making Life Better: 2020 Community Engagement report recognizes organizations in the markets served by Regions Bank and describes the community investments Regions Bank and the Regions Foundation made in 2020. Highlights include:
United in inclusive prosperity
Supported over 1,700 community partners with $ 29.4 million in contributions and sponsorships across the footprint.
Announced $ 12 million two-year commitment to advance programs and initiatives that promote racial equity and the economic empowerment of communities of color by advancing minority business development, increasing membership ownership of minorities, reducing the digital divide in underserved communities and promoting racial understanding.
Creation of a financial education program for people with cognitive and developmental disabilities.
Creation and funding of the Regions Community Development Corporation to provide debt and equity financing to projects and entities with a community development objective.
United in the response to the pandemic
Provision of food, PPE and school supplies to community members and community partners in need.
Contribution of $ 5.3 million to COVID-19 relief and recovery funding, supporting more than 340 organizations in 16 states, including community development finance institutions (CDFIs), chambers of commerce and economic development organizations local.
Donate over $ 2 million in advertising time to encourage donations to local food banks.
Prepared over 5,600 meals for those in need.
Supported historically black colleges and universities in their transition to distance learning and provided financial assistance to students in need.
United in disaster recovery
Supported communities during natural disasters with volunteerism and over $ 500,000 in funding.
Opening of mobile branches to serve customers.
Implementation of a series of financial services to help people and businesses affected by natural disasters.
The 2020 Community Engagement Report can be read and downloaded here at regions.com.
The Regions Bank and the Regions Foundation aim to create inclusive prosperity through targeted community engagement in three priority areas: economic and community development, education and workforce preparation, and financial well-being. . More information is available in the Community Engagement section of regions.com.
About the Régions Finance Company
Regions Financial Corporation (NYSE: RF), with $ 153 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of personal and business banking services , wealth management and mortgage products and services. Regions serves customers in the South, Midwest and Texas and, through its subsidiary, Regions Bank, operates more than 1,300 bank offices and approximately 2,000 ATMs. Regions Bank is an equal housing lender and member of the FDIC. Additional information about Regions and its full range of products and services is available at www.regions.com.
About the Fondation des Régions
Regions Foundation supports community investments that have a positive impact on the communities served by Regions Bank. The Foundation engages in a grant-making program focused on priorities, including economic and community development; education and workforce preparation; and financial well-being. The Foundation is a 501 (c) (3) non-profit corporation funded primarily by contributions from Regions Bank.
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