NEW ORLEANS, La. – Nov. 18, 2020 – The Regions Foundation, a nonprofit initiative of Regions Bank that supports community investments, on Wednesday announced grants totaling $20,000 for two organizations helping homeowners across New Orleans with damage associated with Hurricane Zeta.
“Hurricane Zeta caused damage in certain areas of our city, and as our community cleans up, the Regions Foundation is helping with the recovery effort,” said Graham Ralston, New Orleans market executive for Regions Bank. “This cleanup creates an additional financial burden that many homeowners are unable to meet. While Regions Bank and Regions Foundation work to support homeowners year-round, we are proud to make this special donation to help those impacted by Hurricane Zeta.”
From the $20,000 total, grants will be issued to the following nonprofit organizations:
- Rebuilding Together New Orleans: The Regions Foundation will provide $10,000 to Rebuilding Together New Orleans to support homeowners who have hurricane damage and are unable to complete the repairs. Funds will go directly toward purchasing materials and supplies, labor costs and program expenditures associated with disaster response across the Seventh, Eighth and Ninth Wards in addition to the St. Roch, Bywater and Marigny neighborhoods.
“Hurricane Zeta caused extensive damage across our area. Rebuilding Together New Orleans is honored to work alongside Regions Foundation to help families get their homes back to normal in a year that has been anything but normal,” said William Stoudt, executive director of Rebuilding Together New Orleans.
- Preservation Resource Center: The Regions Foundation will provide $10,000 to help the Preservation Resource Center of New Orleans with repairs to houses in the historic Tremé neighborhood, one of the oldest African-American neighborhoods in the nation. Specifically, funds will be used to repairs to roofs, siding, gutters and roof vents that were damaged during the storm.
“We are very grateful for the Regions Foundation’s generous support as the PRC works with homeowners of the historic Treme neighborhood to make critical repairs to their homes,” said Gordon McLeod, chairman of the Preservation Resource Center’s Board of Directors. “Hurricane Zeta put an additional burden on homeowners during a year that has been incredibly economically stressful for families, and this gift will have a huge impact.”
About Regions Foundation
The Alabama-based Regions Foundation supports community investments that positively impact 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 $145 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.