Supplier Diversity

Our Commitment to Supplier Diversity

Regions is committed to increasing supply chain opportunities for certified diverse suppliers by providing access to contracting opportunities and supporting supplier development.

At Regions, we recognize that when we do business with diverse suppliers it can be vital in fueling their growth and providing a stable source of revenue. But it also provides high-quality products and services for Regions, its customers, and associates while creating shared value for the communities where we operate. Supplier diversity clearly aligns with our corporate mission to make life better.

Diverse suppliers increase competition, which drives more value, and they can bring new, innovative ideas for helping our company meet critical goals. Relationships with diverse suppliers and their employees are also strategic because of their potential to lead to more customer relationships for Regions within diverse market segments.

When we support our communities by promoting a culture of inclusion, we all win.

John Turner
President and Chief Executive Officer
Regions Financial Corporation

Special Interest Groups

The Supplier Diversity initiative at Regions takes special interest in developing supply partner relationships with U.S.-based companies whose ownerships fit into one of the below listed categories. Please select one of these special interest groups to learn more.

Tier 2 Reporting

Regions is committed to increasing supply chain opportunities for certified diverse suppliers by providing access to contracting opportunities and supporting supplier development. Regions Bank seeks Supply Partners directly and indirectly. We do so by asking our Tier 1 suppliers (companies that sell directly to our Bank) to also do business with diverse companies.

Our bank tracks the dollars our suppliers spend with diverse businesses. We refer to this as Tier 2 Spend. Diverse Spend can be measured in two ways: Direct (Tier 1) and Indirect (Tier 2). At Regions Bank we track both.

Direct Spend/Tier 1
When certified diverse suppliers engage Regions Bank directly on Regions Bank contracts. We then report the amount paid to those certified diverse suppliers. We consider this Direct Spend. Each 2nd tier dollar can be traced back to a specific diverse supplier and to a specific project.

Indirect Spend/Tier 2
Indirect Spend is calculated by prorating a suppliers 's company-wide diverse spend with the percentage of its total business represented by Regions Bank’s business. (For example, if the supplier spends $100 million annually with diverse suppliers and Regions Bank represents 1% of its total business, the 2nd tier spend would be $1 million ($100 million x 1%).

We have a dedicated reporting contact to enable our suppliers to report their diverse spend on a quarterly basis. There is a 45-day submission period for each report. For example, the first quarter’s report includes spend from January–March. The reporting period for Q1 is April 1st–May 15th.