Louisiana NAACP President Mike McClanahan, Regions Community Development Manager Mike...

Louisiana NAACP President Mike McClanahan, Regions Community Development Manager Mike Scott, Governor of Louisiana John Bel Edwards

Category: News

Regions Bank, Louisiana NAACP Launch Program to Share Free Financial Advice, Guidance and Education

Collaborative effort to launch in fall 2018 with plans to expand to various communities across the state.

BATON ROUGE, La. – Sept. 21, 2018Regions Bank and the Louisiana NAACP on Friday announced a new initiative seeking to empower more people across the state with essential financial and credit-management skills.

The collaborative program is called Saving More, Spending Smarter. The initiative combines the community reach of the state’s local NAACP branches with the financial expertise and resources of Regions Bank.

As part of the program, NAACP branches will organize community-based, interactive financial education events. Banking professionals from Regions will lead these discussions based on their extensive experience in helping people identify and reach their financial goals. Regions associates will also share top-quality financial education curriculum developed by the bank for use by anyone seeking to take charge of his or her financial future.

“Financial education leads to financial empowerment,” said Mike Scott, Community Development Manager for Regions. “No matter what stage of life you are in, the time to prepare for your financial future is now. And no matter how much, or how little, you have to begin with, we want this program to offer a place where you can find the insights, tools and resources that can help you save more, spend wisely and reach your long-term goals.”

Mike McClanahan, President of the Louisiana NAACP, said the program will cover a wide range of topics, such as developing healthy spending habits and understanding ways to successfully manage credit.

“The Louisiana NAACP is proud to be a part of this initiative with Regions Bank to increase financial wellness throughout the state,” McClanahan said. “We feel very strongly that this can, and will, help people avoid financial mistakes while educating people of all ages on the steps they can take to make their financial goals a reality. This program truly has the potential to make a real and meaningful difference in the lives of countless people.”

The initiative will launch a pilot program in Monroe and Lafayette this fall. Based on feedback from participants, as well as the greatest needs identified in local communities, the Louisiana NAACP and Regions will further customize the program with plans to expand it to more communities throughout the state.

Financial education is crucial to the mission of Regions Bank, which is to make life better in the places Regions serves. The bank constantly makes no-cost financial education available through schools, community groups and additional nonprofit organizations across the Southeast, Midwest and Texas. Regions also works with various employers to share financial education among their workforces.

Further, Regions makes financial education available to anyone, regardless of whether they have an account, through the Next Step section of Regions.com. As a comprehensive online financial learning center, Next Step is a place where people at various stages of life can find insights and guidance to help grow their financial skills. Content ranges from interactive games designed to help children learn about smart money habits – to helpful information on planning for retirement. All material is accessible free of charge.

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, 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.