MOBILE, Ala. & PENSACOLA, Florida – (BUSINESS WIRE) – The Regions Foundation, a nonprofit initiative of Regions Bank Supporting community investments, announced Monday a series of grants totaling $ 150,000 for organizations providing disaster relief in areas hit by Hurricane Sally.
“The Regions Foundation, Regions Bank and our community partners strive to serve and support the Gulf Coast,” said John Turner, president and CEO of Regions Financial Corp. “Although this is a very difficult time, we are going to the strength and resilience of our communities as neighbors, nonprofits and aid agencies come together and help one another. Regions’ people are deeply rooted in this area, and our number one priority here is helping people, businesses and communities recover and come out stronger. ”
Of the total of 150,000 US dollars, grants are given to the following aid organizations on the Gulf Coast:
- United Route of Southwest Alabama: The Regions Foundation is providing $ 50,000 to be shared equally between the Coastal Alabama Salvation Army and Gulf Coast Diet. Both are partner organizations of the United Way of Southwest Alabama and work tirelessly to support disaster relief needs.
- Baldwin County United Route: The Regions Foundation is donating $ 50,000 to support the newly introduced Hurricane Sally Disaster Relief Fund. The fund is designed to support the immediate and long-term recovery and meet the unmet needs of Sally-affected Baldwin County residents.
- United Route of West Florida: The Regions Foundation will provide $ 50,000 to support United Way public outreach. United Way of West Florida serves Escambia and Santa Rosa counties and has recovery updates available at this link.
“The Gulf Coast is our home. Many of us have suffered damage too, but at Regions Bank, our teams continue to focus on helping people and businesses assess their financial needs while developing ways we can help them recover or rebuild ”, said Christian White, Market Executive for Regions Bank in Mobile and Southern Alabama. “These Regions Foundation grants will complement our work by supporting community partners who are making an incredible difference.”
“The Regions Foundation’s financial commitment is an important step in helping rebuild the community,” added Scott Barrow, Pensacola Market Executive for Regions. “The needs along the Gulf Coast are diverse, but together we will move forward. I have no doubt that thanks to the unity and commitment of everyone we will come together to offer a helping hand. ”
The donations announced on Monday follow a series of disaster relief financial services that Regions Bank has been quick to provide to people and businesses in the affected areas1. The services available include:
No check redemption fee for FEMA-issued checks cashed in regional branches in affected areas
Regions Mortgage Disaster Relief Purchase and Home Improvement Loan Programs
Assistance with the payment of personal and business loans2
The region’s fees will be waived if the bank’s customers use other banks’ ATMs in the affected areas for 30 days starting Friday, September 18.3
A penalty-free CD payout4th
A 0.50% interest discount on new unsecured personal loans5
Deferred payment for business loans for up to 90 days from Friday, September 18 is possible²
Payment extensions available for qualified credit card holders²
A 0.50% discount on standard rates on new business loans and / or lines of credit up to $ 1 million to support redevelopment needs in the affected areas6th
A 0.50% interest discount on a new unsecured business loan of up to $ 50,000 for up to 36 months, including fees for issuance or loan documents and options to defer initial payment for up to 90 days6th
Most branches in the region along the coast have reopened after the storm. The teams at these locations are ready to discuss disaster financial services with clients and connect them to options that suit their needs. Regions also maintains a year-round customer service program. Through this program, bankers listen to the individual needs of individual customers and explore different options to overcome financial challenges, such as those triggered by a natural disaster.
Additional recovery information is available from the Disaster Resource Center on Regions.com. Customers can also call Regions’ mortgage helpline at 1-800-986-2462 with questions about a mortgage. For assistance with home equity and other consumer loans, customers can dial 1-866-298-1113.
A dedicated team is also available at 1-800-411-9393 to assist with other banking questions and concerns.
About Regions Foundation
The Alabama-based Regions Foundation supports community investments that have a positive impact on the communities that Regions Bank serves. The Foundation participates in a funding program that focuses on priorities, including economic and community development; Education and willingness to work; and financial wellbeing. The foundation is a 501 (c) (3) not for profit company funded primarily through contributions from Regions Bank.
About Regions Financial Corporation
Regions Financial Corporation (NYSE: RF) has 144 billion Regional assets serving clients in the South, Midwest and Texas and operates approximately 1,400 banking offices and 2,000 ATMs through its subsidiary Regions Bank. Regions Bank is an Equal Housing Lender and a member of the FDIC. For more information about regions and the full range of products and services, visit www.regions.com.
1 Offers are available for a limited time and only to individuals and businesses affected by the recent disaster, may be subject to other exclusions and restrictions, and are subject to change without notice. All loans and lines, deferrals, extensions or deferrals are subject to required documentation and credit approval. Residence restrictions may apply. These offers are only available in the following postal codes: 32413, 32437, 32439, 32459, 32461, 32462, 32501 – 32509, 32511 – 32514, 32516, 32520 – 32524, 32526, 32530, 32533 – 32535, 32540 – 32542, 32544, 32547 – 32550, 32559 – 32563, 32565, 32566, 32568 – 32572, 32577 – 32580, 32583, 32588, 32591, 36441, 36502 – 36505, 36507, 36509, 36511 – 36513, 36521 – 36523, 36525 – 36528, 36530, 36532, 36533, 36535, 36536, 36541 – 36544, 36547, 36549 – 36551, 36553, 36555, 36556, 36559 – 36562, 36564, 36567, 36568, 36571, 36572, 36574 – 36580, 36582, 36587, 36590, 36601 – 36613, 36615 – 36619, 36628, 36633, 36640, 36641, 36644, 36652, 36660, 36663, 36670, 36671, 36675, 36685, 36688, 36689, 36691, 36693, 36695, 39452, 39552, 39553, 39555, 39552 39565, 39567 – 39569, 39581, 39595
2 Subject to the loan approval. Interest will continue to apply during the period in which the payment is skipped or deferred. For installment loans, deferring or skipping payment can extend the life of your loan, but not automatically optional insurance. Deferred payments, defaulted payments and deferrals in general (a) vary by customer, (b) postpone – rather than waive – certain payment obligations, and (c) require full payment of the deferred payments at the end of the deferred or deferred period, in addition to all others amounts due, unless you make other arrangements with the regions to resolve the late payment.
3 Customers in regions using third-party ATMs may be charged an ATM service fee by the owner of the ATM.
4th The penalty-free offer allows customers a partial or full payout without penalty. The revocation free of charge must be made more than seven days after the date of issue or the last renewal date (whichever occurs later). All other withdrawals will be penalized.
5 The loan interest discount is not granted for applications submitted online.
6th The new business loan discount cannot be combined with any other special offer or discount. Interest accrues during the optional 90-day grace period for unsecured business loans, if selected.