Recover. Rebuild. Restore. Regions Bank Announces $100,000 Donation Supporting Hurricane Michael Relief
17 October 2018 - 7:53AM
Business Wire
- Donation focused on meeting local needs
through agencies working hand-in-hand with storm survivors in
Florida, Alabama and Georgia.
- Nearly all Regions branches in the
Florida Panhandle, Alabama and Georgia are open as teams work
nonstop to restore financial services in hard-hit areas.
- Disaster-recovery financial services
remain available for people, businesses affected by storm.
Regions Bank on Tuesday announced the company is donating
$100,000 to support immediate and long-term recovery needs
following Hurricane Michael.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20181016006062/en/
Regions is working to support programs
that are actively making a difference in the lives of people
affected by Hurricane Michael. (Photo: Business Wire)
The donation will be distributed among organizations that are
working to meet a variety of needs in disaster areas. These
organizations include:
- Feeding the
Gulf Coast: A nonprofit that works with member
organizations and special programs to distribute food to people in
need, Feeding the Gulf Coast is experienced at serving communities
coping with disasters. The organization has three main branches
along the Central Gulf Coast and actively serves cities and towns
throughout the Florida Panhandle. During this period of recovery
and rebuilding, though, Feeding the Gulf Coast is operating without
borders and will meet needs in as many communities as possible
across the disaster area.
- Wiregrass Area
Food Bank: A nonprofit hunger-relief agency based
in Southeast Alabama, the Wiregrass Area Food Bank is working with
additional agencies to address the nutritional needs of people
across the area, including those who have come from coastal
communities in the aftermath of Hurricane Michael.
- Salvation Army
– Georgia Division: In towns across Southwest
Georgia, Salvation Army personnel and volunteers are on the ground
working with people one-on-one to meet immediate needs. From food
and water to emotional and spiritual care, the Salvation Army is
making a meaningful difference for people facing a lengthy
recovery.
Regions expects to identify additional initiatives to receive
support in the coming days.
“Across the Florida Panhandle, Southeast Alabama and Southwest
Georgia, our top priority is helping customers, neighbors and
associates as they recover from Hurricane Michael,” said Regions
President and CEO John Turner. “Regions is a part of these
communities, and we will be with our neighbors, our customers and
our fellow community members every step of the way as we recover
and rebuild.”
The donations come as crews from Regions are working diligently
to reopen branches and restore financial services in several areas.
Most Regions locations in the Florida Panhandle are already back
open, including branches in Panama City Beach and Freeport.
Branches in Bonifay and Chipley, Florida, reopened this week to
exceptionally strong demand from people and businesses seeking to
consult with Regions professionals about a variety of financial
needs.
In Southeast Alabama and Southwest Georgia, all Regions
locations are back open. Also, Regions is connecting generators to
additional locations in Panama City itself, as well as in
Blountstown, and the bank expects to reopen these locations
soon.
Additional locations in Panama City (W. 23rd St. and Harrison
Ave. branches), as well as branches in Marianna, Lynn Haven and
Callaway remain closed as assessments are completed and repairs
begin.
“As we reopen more locations, we are ready to work with people
and businesses to assess their financial needs – and develop ways
we can meet those needs – as hurricane recovery continues,” said
Steven Aase, Market Executive for Regions in Panama City and
Florida Panhandle. “We have a series of disaster-recovery financial
services that can help with immediate needs, and we’ll work with
customers individually on long-term ways we can serve them as they
rebuild.”
The bank’s disaster-recovery financial services1 include:
- No check-cashing fee for FEMA-issued
checks
- Regions Mortgage Disaster Relief
Purchase and Renovation loan programs
- Personal and business loan payment
assistance2
- One penalty-free CD withdrawal3
- 0.50% discount and waiver of $150 loan
processing fee on new personal unsecured loans4
- Business loan payment deferrals
available up to 90 days2
- Payment extensions for current credit
card holders2
- Surcharges and foreign ATM fees waived
for 30 days
- 0.50% discount on standard rates for
new business loans/lines of credit up to $1 million to help with
recovery needs for those in affected area5
- 0.50% discount on new unsecured
business term loan up to $50,000 with up to 36 month term including
waived origination/loan document fees and options for first payment
to be deferred up to 90 days5
Resources for Regions Mortgage customers can also be received
through the Regions Customer Assistance Program. Mortgage customers
may also call Regions’ mortgage hotline at 1-800-986-2462. For help
regarding home equity and other consumer loans, customers may call
1-866-298-1113.
A dedicated team is available at 1-800-411-9393 to help with
additional questions and concerns. Further, customers are
encouraged to visit the online Disaster Resource Center at
regions.com.
More than 700 Regions associates live in communities affected by
Michael throughout the Florida Panhandle, Southeast Alabama and
Southwest Georgia. Many are working through their own personal
impacts from the storm. The Regions Associate Relief Program, which
is administered by a nonprofit third party, is offering financial
assistance to meet a variety of recovery needs.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $125 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, member FDIC, operates
approximately 1,500 banking offices and 2,000 ATMs. Additional
information about Regions and its full line of products and
services can be found at www.regions.com.
1Special offers are available for a limited time and only to
individuals and businesses affected by storm damage in
FEMA-declared disaster areas and may be subject to other exclusions
and restrictions and are subject to change without notice. All
loans and lines, extensions and forbearances are subject to
required documentation and credit approval. Residency restrictions
may apply.
2Payment deferrals, extensions and forbearances are subject to
credit approval. Interest will continue to accrue during the period
that the payment is extended, skipped or deferred. For installment
loans, extending, deferring or skipping payment will extend the
maturity of your loan but will not automatically extend any
optional insurance.
3The no-penalty offer allows customers to make one partial or
complete withdrawal without penalty. The penalty-free withdrawal
must be made more than seven days after the issue date or the most
recent renewal date (whichever is later). Any other withdrawals
will be subject to penalties.
4Applications submitted online are not eligible for the loan
application fee waiver.
5New 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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Regions BankJeremy D. King, 205-264-4551Regions News Online:
regions.doingmoretoday.comRegions News on Twitter: @RegionsNews
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