PEORIA, Ill. – April 30, 2020 – The Regions Foundation, a nonprofit initiative of Regions Bank that supports community investments, on Thursday announced a $10,000 grant for Local Initiatives Support Corporation (LISC) Central Illinois, a nonprofit organization helping small businesses impacted by the novel coronavirus.
Connecting small businesses with investment capital and additional resources to help create resilient and inclusive communities, LISC Central Illinois serves Greater Peoria, Springfield, Champaign, Decatur and additional cities and rural areas. LISC Central Illinois leadership is working to match the current needs of local businesses with resources available. Regions Bank has long supported LISC, providing both financial investments and technical assistance to support its services.
“At LISC, we understand the importance of small businesses and realize they are the cornerstone of the community,” said Karen Davis, Executive Director of LISC Central Illinois. “With the Regions Foundation as our community partner, we can get support to the small-business owners to really make a difference in the disinvested neighborhoods.”
With the Regions Foundation as our community partner, we can get support to the small-business owners to really make a difference in the disinvested neighborhoods.
Karen Davis, Executive Director of LISC Central Illinois
“The work LISC is doing to forge resilient and inclusive communities throughout Central Illinois is more important than it’s ever been,” said Bart Rose, Central Illinois Market Executive for Regions Bank. “Our team at Regions Bank has been proud to work alongside LISC Central Illinois for many years. This grant from the Regions Foundation allows us to expand our community partnership and help support small businesses as they navigate the impacts of COVID-19.”
The LISC grant is one of 11 grants announced by the Regions Foundation for organizations across the South and Midwest on Thursday. Further, on April 24, the Regions Foundation announced a series of grants for Community Development Financial Institutions helping small businesses. The Foundation continues to identify organizations for financial support.
The Foundation also announced recently that it will match donations by Regions Bank associates to United Way organizations and Community Foundations responding to COVID-19 needs.
Also, Regions Bank has issued financial support to a variety of additional nonprofits, and the bank recently donated a series of advertisements to food banks as well. Through that donation, advertisements originally purchased by Regions to promote bank services were instead given to food banks to encourage viewers and readers to financially support food bank outreach during the crisis.
Separately, Regions Bank continues to offer a series of options for customers suffering financial impacts from COVID-19. Additional information on Regions Bank resources can be found at www.regions.com/coronavirus.
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.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $133 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.