Regions has received numerous awards in recent months – from credit cards, to our digital experience and service to businesses. Now, you can add a gold star for encouraging global trade, job creation and export/imports to that list.
The EXIM Bank (the Export-Import Bank of the United States) recently presented a Lender of the Year award to Regions Bank for its outstanding support for America’s exports at the organization’s virtual annual conference.
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers.
Regions has been a strong partner with EXIM to help businesses compete and win in the global marketplace.
Kimberly A. Reed, EXIM president and chairman
Regions has been an EXIM Delegated Authority Lender since 1994. Over the past year, Regions has processed more than $65 million of letters of credit transactions. The bank is an assignee lender on several EXIM short-term export credit insurance policies. And in February, Regions’ delegated authority for EXIM was increased to support exports of U.S. goods and services from small- and medium-sized companies in the Regions footprint.
Why is this important to Regions?
According to Donald McCorkell, head of Regions’ Global Trade Services Group, EXIM is part of the global banking network.
“It allows us to be more competitive in the global marketplace and provides us with the ability to outperform larger banks,” McCorkell said. “The recent award publication posted to the EXIM site is viewed by the smallest to the largest trade client and allows the Regions brand to be displayed positively.”
What does the award say about Regions’ approach to meeting clients’ needs?
The EXIM award highlights Regions’ exceptional customer service, dedication to growing trade and the economy, and our commitment to assist both small and large clients. In announcing the recognition of Regions Bank, EXIM President and Chairman Kimberly A. Reed said collaboration between the Export-Import Bank and Regions means American businesses are in a better position to succeed.
“We are proud to recognize the outstanding efforts of Regions Bank on behalf of our country’s great small-business exporters and the many Americans they employ,” Reed said. “We often hear from small businesses about how important it is for them to have a reliable commercial lender they can count on to help them grow and expand their businesses. Regions has been a strong partner with EXIM to help businesses compete and win in the global marketplace, and I’m proud they are being honored for their efforts.”
Regions’ retail-banking footprint covers 15 states in the southeastern U.S., as well as much of the Midwest and Texas.