2023 Shared Value Report 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.

  • $18.4 billion
    in community development[2] from Regions Bank
  • $78.3 million
    in philanthropic and community giving from Regions Bank
  • $19 million
    in grants and investments from Regions Foundation
  • 288,800 hours
    in 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

Learn more about DEI

Workforce

View diversity 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.

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.

  • $ 2.2 billion
    in small business and farm lending from Regions Bank
  • $1.0 billion
    in community development lending from Regions Bank
  • $9 million
    in medical debt abolished through a special Regions Bank grant
  • $28 million
    in services offered to small businesses as reported by organizations receiving Regions Bank grants
  • 1.8 million
    people received financial education from Regions Bank
  • 720,000
    students increased their academic competency through Regions Bank grants
  • 15,000
    people found permanent employment through Regions Bank grants
  • 10,000
    affordable 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
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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.

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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.

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Past reports

Review previous Environmental, Social, Governance and Community Engagement reports.
Read past reports