FORT SMITH, Ark., – June 10, 2019 – The Regions Foundation, a nonprofit initiative of Regions Bank supporting a wide range of community investments, on Monday announced a donation of $10,000 to support flood recovery in Arkansas.
The Foundation’s commitment provides two contributions to nonprofits addressing both immediate mobilization and longer-term recovery efforts in West and Central Arkansas. The United Way of Fort Smith Area and the American Red Cross of Arkansas will each receive $5,000. Together, the agencies are serving people in 16 counties declared disaster areas by the Federal Emergency Management Agency.
“Regions Bank and the Regions Foundation stand with our neighbors in Arkansas during this challenging time,” said David Cravens, Regions Bank’s Market Executive for Fort Smith. “We know it may take months to determine the full extent of the impact, and we will be here to assist. Our focus through the donations of the Foundation is to support the strength and the recovery of the communities we all call home.”
Floodwaters continued to move toward the east in recent days, bringing ongoing impacts to people in the central portion of the state as well.
“We know the unprecedented flooding occurring throughout the Little Rock area has forced families from their homes,” said Lynn Wright, Little Rock Market Executive for Regions Bank. “Through the Foundation’s support of the American Red Cross of Arkansas, we can offer help and hope to those in Central Arkansas who have had to evacuate and seek immediate shelter.”
Regions Bank also announced its branches in the Arkansas FEMA-declared disaster area will waive check-cashing fees for FEMA-issued checks, as needed, as recovery gets underway.
Our Arkansas branch teams are ready to provide financial advice and guidance to help make the recovery process easier. We are dedicated to helping during this difficult time and beyond.
Roger Weldon, Arkansas Consumer Banking Executive for Regions Bank
“Our Arkansas branch teams are ready to provide financial advice and guidance to help make the recovery process easier,” said Roger Weldon, Arkansas Consumer Banking Executive for Regions Bank. “We are committed to having individualized conversations on ways we can help people, families and businesses. The disaster impact is different for each of us. We are dedicated to helping during this difficult time and beyond.”
Non-Regions and Regions customers are eligible for the waiving of check-cashing fees for FEMA-issued checks through the bank’s Now Banking services, even without opening a deposit account.1
About Regions Foundation
Regions Foundation is an Alabama nonprofit corporation with offices located at 1900 5th Avenue North, Birmingham, Alabama, 35203. It is exempt from Federal income tax as an organization described in section 501(c)(3) of the Internal Revenue Code. Regions Foundation is funded primarily though contributions from Regions Bank. It engages in a community grantmaking program focused on priorities including economic and community development; education and workforce readiness; financial wellness; and related initiatives fostering inclusive growth across the communities it serves.
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 1,500 banking offices and 2,000 ATMs.
1Regions Bank is available to work with any customers facing financial hardships as a result of the June flooding in Arkansas. Regions Mortgage customers impacted by the storms can call 1-800-748-9498 to inquire about disaster-recovery financial services. Likewise, customers with home equity loans and other consumer loans can dial 1-866-298-1113 to discuss storm-related needs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
