Rebuilding. Recovering. Together. Regions Bank and the Regions Foundation Help Communities Impacted by Hurricane Ian

Regions Bank on Tuesday announced a series of financial services to help people and businesses impacted by Hurricane Ian. In addition, the Regions Foundation, a nonprofit initiative funded primarily by Regions Bank, announced a commitment of $225,000 in grant funding for organizations providing disaster relief.

Community Recovery:

The $225,000 total in grant funding from the Regions Foundation will be divided among several agencies meeting short- and long-term needs throughout the Florida Peninsula. From the $225,000 total, specific allocations will include:

• $100,000 for the American Red Cross, which is providing disaster relief services across Florida;
• $50,000 for United Way of Lee County, which has created the Southwest Florida Emergency Relief Fund to support local nonprofits and neighborhoods experiencing the most immediate needs;
• $35,000 for Collier Comes Together, a hurricane disaster relief fund of the Collier Community Foundation that is helping Southwest Florida residents recover;
• $10,000 for the Harry Chapin Food Bank’s Fort Myers Distribution Center;
• $10,000 for the Harry Chapin Food Bank’s Collier County Center;
• $10,000 for Feeding Tampa Bay, which brings emergency food distributions to areas that need them most across the 10-county Tampa Bay region;
• and $10,000 for Second Harvest Food Bank of Central Florida, which serves Orlando and surrounding communities.

“As soon as the storm cleared, nonprofits and relief organizations were on-site delivering emergency resources to hard-hit communities. We are honored to support their important work,” said Marta Mendes-Miguel Self, executive director of the Regions Foundation. “We also encourage people and businesses who are in a position to donate to consider how they can join us in supporting agencies that are on the front lines of hurricane response.”

Special Bank Services:

Disaster-recovery financial services offered by Regions Bank were developed with urgency and went into effect September 30; the services are specifically designed for people and businesses in impacted areas.¹ Services available for a limited time include:

• Regions Mortgage Disaster Relief Purchase and Renovation loan programs are available.
• Regions fees will be waived when Regions customers use other banks’ ATMs in the impacted areas for a 14-day period effective September 30. (Note: Fees charged by other banks or ATM owners may still apply.)
• No check-cashing fees will be charged for FEMA-issued checks when cashed in a Regions branch.²
• Payment deferrals for credit card holders may be available based on individual circumstances.³
• Personal and business loan payment assistance may be available based on individual circumstances.³
• Business loan payment deferrals of up to 90 days may be available based on individual circumstances.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 for a limited time on new personal unsecured loans when customers apply in a branch or by phone.⁴
• An interest rate discount of 0.50% on standard rates is available for a limited time for new business loans or lines of credit of up to $1 million to help with recovery needs in impacted areas.⁴
• An interest rate discount of 0.50% is available for a limited time on new unsecured business term loans of up to $50,000 with up to 36-month terms, including waived origination and loan document fees, as well as options for the first payments to be deferred by up to 90 days.⁴
• Check www.regions.com/HurricaneIan for an updated list of areas where these offers are available as damage assessments continue.

“These are communities where our teams live and work – and our local teams are backed by the strength and resources of the entire Regions Bank organization as we support the recovery from Hurricane Ian,” said Steve Nivet, Consumer Banking regional executive for Regions Bank. “Regions Bank has a proud history of helping our neighbors through difficult times, and we will be here in the days, weeks and months to come as we recover from the storm – together.”