NASHVILLE, Tenn. – March 11, 2020 – Regions Bank on Wednesday announced the opening of a full-service portable branch facility at the bank’s North Nashville location at 1200 Rosa L. Parks Blvd.
Regions’ North Nashville branch was heavily damaged by the March 3 tornado. The portable branch allows Regions’ local team to resume financial services for people and businesses in surrounding neighborhoods.
“Regions Bank is committed to North Nashville,” said Lee Blank, Nashville Market Executive for Regions. “We have been part of the area for decades, and we are dedicated to helping the community, and all of Middle Tennessee, recover and rebuild. This portable branch facility will help us maintain services for our customers in North Nashville while we develop a long-term solution and address the damage at our branch building. We look forward to many more years of service to North Nashville.”
At Regions’ portable branch, people can use an ATM around the clock, conduct transactions with Regions bankers during regular branch hours, and speak with financial professionals about storm-recovery needs.
The ATM on the side of the branch is a Regions DepositSmart ATM, which can accept deposits and cash checks for customers at any time, day or night. The facility also features encrypted satellite uplink technology, security cameras and 24/7 on-site security.
Elsewhere, the vast majority of Regions locations in Middle Tennessee are open as usual. Work is still underway to reopen other branches that experienced minor damage or power failures.
Regions is also offering a series of disaster-recovery financial services1 for people and businesses impacted by the tornado. Services available for a limited time in affected areas2 include:
- ATM fees for non-Regions customers will be waived at Regions ATMs within the affected areas through March 19.
- Regions customers in affected areas will be refunded for Regions fees charged for the use of other banks’ ATMs through March 19.3
- Personal and business loan payment assistance4
- Business loan payment deferrals available up to 90 days4
- Payment extensions for current credit card holders4
- No in-branch check-cashing fee for FEMA-issued checks
- Regions Mortgage Disaster Relief Purchase and Renovation loan programs
- One penalty-free CD withdrawal5
- 0.50% rate discount on new personal unsecured loans through June 46
In addition, the nonprofit Regions Foundation is committing $150,000 to support short-term and long-term recovery needs. Initial grants include $50,000 to the Community Foundation of Middle Tennessee and $25,000 to the Cookeville/Putnam County Tornado Relief Fund.
Additional grants totaling $75,000 or more will be issued by the Regions Foundation to various organizations as longer-term needs are identified in the coming weeks. The Regions Foundation is a nonprofit initiative of Regions Bank that supports community investments.
Along with onsite financial guidance, Regions also offers an online Disaster Resource Center through Regions.com, which provides contact numbers and other helpful information.
Regions’ commitment to the recovery extends beyond financial support. On March 7, teams of bank associates assisted with separating debris and providing assistance in North Nashville, East Nashville and Donelson.
We live here. We work here. And we’re committed to helping Middle Tennessee rebuild.
Lee Blank, Nashville Market Executive for Regions
“We live here. We work here. And we’re committed to helping Middle Tennessee rebuild,” Blank said. “We’re in this together.”
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $126 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 1,400 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About Regions Foundation
Regions Foundation supports community investments that positively impact the communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.
1Offers are available for a limited time and only to individuals and businesses affected by the March 3 Middle Tennessee tornado, may be subject to other exclusions and restrictions, and are subject to change without notice. All loans and lines, deferrals, extensions or forbearances are subject to required documentation and credit approval. Residency restrictions may apply.
2ZIP codes in Davidson, Putnam, Wilson and Carroll Counties covered by offers include: 37011, 37013, 37070 – 37072, 37076, 37087, 37088, 37090, 37115, 37116, 37121, 37122, 37136, 37138, 37184, 37189, 37201 – 37222, 37224, 37227 – 37230, 37232, 37234 – 37236, 37238, 37240 – 37244, 37246, 37250, 38201, 38220, 38235, 38258, 38317, 38318, 38321, 38324, 38342, 38344, 38348, 38387, 38390, 38501 – 38503, 38505, 38506, 38544, 38545, 38548, 38574, 38582
3Customers who use ATMs not owned by Regions may be charged an ATM service fee by the owner of the ATM.
4Subject to credit approval. Interest will continue to accrue during the period that the payment is skipped 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, skipped payments, and deferrals generally (a) vary by customer, (b) postpone—rather than forgive—certain payment obligations, and (c) require payment in full of the postponed payments at the end of the forbearance or deferral period, in addition to any other amounts that come due, unless you make other arrangements with Regions to resolve the delinquency.
5The 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.
6Applications submitted online are not eligible for the loan rate discount. Loans opened in a Regions branch are eligible for the discount.