Here to Serve: Regions Bank and Regions Foundation Announce Tornado Recovery Plan
Foundation grants to support community recovery in
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230119005059/en/
The plan is based on three key elements:
Regions Foundationgrants supporting storm relief in Dallasand Autaugacounties in Alabama
Disaster-recovery financial services offered by
Regions Bankin Alabamaand Georgia
Regions Foundation Grants:
From the initial
For over 85 years,
Selma-based Edmundite Missions has served the Deep South by providing food, clothing, and shelter for people in need. Immediately after the storms passed on Jan. 12, the Edmundite team was on the ground serving people around Selma. The Regions Foundationis supporting this ongoing work through a grant of $50,000from the $75,000total.
Central Alabama Community Foundation: Shortly after Selmawas impacted, a separate tornado tore through Autauga County. Damage was widespread and was particularly severe in the Old Kingston area and communities to the northeast. The Central Alabama Community Foundationis serving people and families who are facing a lengthy recovery. The Regions Foundationis supporting this work through a grant of $25,000to CACF from the $75,000total.
Long-Term Needs: In addition to the initial
$75,000total, the Regions Foundationis prepared to allocate up to $25,000in further grant funding to help community partners meet longer-term storm-recovery needs that emerge in the coming weeks and months.
“Over the last several days, we have seen a tremendous spirit of determination and unity as neighbors help neighbors and lean on each other during a very difficult time.
“In recent days, Regions provided cases of water, chips, cookies and other nonperishable food items to sheltering organizations in
Beyond volunteer support,
Jan. 19, Regions fees will be waived for at least seven days when customers use other banks’ ATMs in the impacted areas. (Note: Fees charged by other banks or ATM owners may still apply.)
- Regions Mortgage Disaster Relief Purchase and Renovation loan programs are available.
No check-cashing fees will be charged for
FEMA-issued checks when cashed in a Regions branch.2
- Personal and business loan payment assistance is available.3
- Payment deferrals are available for current credit card holders.3
- Business loan payment deferrals of up to 90 days are available.3
- One penalty-free CD withdrawal is available upon request (unless within seven days of issuance or renewal).
An interest rate discount of 0.50% is available through
April 19on new personal unsecured loans when customers in impacted areas apply in a branch or by phone.4
An interest rate discount of up to 0.50% is available through
April 19on auto loans when customers in impacted areas apply in a branch or by phone.5
- Mortgages, home equity loans, and lines of credit: Call 1-800-748-9498.
- Credit cards, consumer loans, and lines of credit: Call 1-866-298-1113.
- Any other banking needs: Call 1-800-411-9393.
“Our teams have many years of experience providing financial advice and guidance to help people recover and rebuild following a natural disaster,” said
1Offers are available for a limited time and only to individuals and businesses affected by the
Offers may be subject to other exclusions and restrictions and are subject to change without notice. All loans and lines, deferrals, extensions, or forbearances may be subject to required documentation and credit approval. Residency restrictions may apply. Special loan interest rates may be determined by applicant’s credit profile and may not extend to products offered by third parties, such as Avant.
3May be subject 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 (a) may vary by customer, (b) postpone – rather than forgive – certain payment obligations and (c) may 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.
4New personal unsecured loan rate discounts may not be combined with other special offers or discounts.
5Auto loan rate discount of up to 0.50% includes 0.25% disaster relief rate discount with an additional 0.25% rate discount when you enroll in auto debit payments from an existing Regions checking account. Auto loan rate discounts cannot be combined with other special offers or discounts.
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