2023 Community Engagement highlights
Regions Bank® is committed to making life better for customers, associates and communities by creating shared value as we help them meet their financial goals and aspirations.
Committed to inclusive prosperity
Community Engagement Strategic Priorities
Economic and community development
- Affordable housing
- Job creation
- Small business development
- Neighborhood revitalization
Education and workforce readiness
- College and career readiness
- Educational access and success
- Credentials and employment
- Educator training and resources
Financial wellness
- Financial education for youth, adults, people with disabilities and vulnerable populations
- Financial planning resources
Invested in community success
Since 2020, Regions Bank and Regions Foundation® [1] invested in initiatives that strengthened local communities.
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$18.4 billionin community development[2] from Regions Bank
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$78.3 millionin philanthropic and community giving from Regions Bank
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$19 millionin grants and investments from Regions Foundation
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288,800 hoursin Regions Bank associate volunteer time and community service
2023 Investments
Philanthropic and community giving
$22.5 million in contributions and sponsorships:
- $19.2 million from Regions Bank
- $3.3 million from Regions Foundation
Supporting United Way
$7.9 million in donations to over 150 United Way agencies:
- $5.4 million from Regions Bank associates
- $2.4 million from Regions Bank
- $90,000 from Regions Foundation
Regions Associates in Action®
104,000 hours of volunteer and community service by Regions Bank associates.
Diversity, Equity and Inclusion
Regions Diversity, Equity and Inclusion (DEI) strategy focuses on three areas of impact
Workforce
View inclusion as a competitive advantage that enhances business performance and generates innovative solutions by fostering a broader range of perspectives and ideas.
- Military recruiting details
- 2024 Silver Military Friendly Employer
- 2023 Best Place to work for Disability Inclusion by the American Association for People with Disabilities Disability: IN
Workplace
Create and maintain a work environment that is inclusive where associates are encouraged to collaborate across differences.
- Engage 20 DEI Networks in markets that represent approximately 72% of our associate population
- Held the fourth annual Week of Understanding, a dedicated time for leader-led conversations on a predetermined, enterprise-wide inclusion topic with 95% of associates participating.
Marketplace
Leverage our DEI and social responsibility focus to strengthen our relationships with communities, clients, customers and external stakeholders.
- See how we support our communities
- See news stories on Doing More Today
Created shared value
Regions Bank and Regions Foundation are proud to work alongside Regions Bank associates and community partners, in helping people and local businesses take the next step toward their goals. Below are some highlighted outcomes in 2023.
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$ 2.2 billionin small business and farm lending from Regions Bank
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$1.0 billionin community development lending from Regions Bank
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$9 millionin medical debt abolished through a special Regions Bank grant
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$28 millionin services offered to small businesses as reported by organizations receiving Regions Bank grants
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1.8 millionpeople received financial education from Regions Bank
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720,000students increased their academic competency through Regions Bank grants
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15,000people found permanent employment through Regions Bank grants
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10,000affordable housing units repaired or rehabilitated through Regions Bank grants
Fostered entrepreneurship and strengthened businesses
Regions Bank helped businesses succeed and inspire the next generation of entrepreneurs by:
- Launching the Birmingham Black-Owned Business Initiative to identify and amplify resources for Black entrepreneurs and address gaps where additional resources are needed
- Leveraging the Regions Community Development Corporation® to provide approximately $100 million in debt and equity to more than thirty community development financial institutions (CDFIs), minority depository institutions (MDIs) and workforce development organizations across the Regions footprint since 2020
- Sharing knowledge and experience with CDFIs and MDIs through in-person convenings and individualized technical assistance
- Supporting entrepreneurship and business development conferences and training such as the Inner-City Capital Connections (ICCC) program and National Urban League Conference
Advanced quality education and career development
The Regions Foundation provided grants to organizations to help students improve educational outcomes, increase learning and assist with career advancement. These grants helped students complete their college degree, including veterans injured in the line of duty.
Supported people with disabilities
Serving people with disabilities is an important priority for the bank. In addition to offering accessible products and services to address the needs of this community, we also contribute to organizations supporting affordable, accessible housing; education and workforce training; economic opportunities and specially designed financial education to help them pursue their goals.