At Regions, we serve a diverse base of over 8 million customers across 15 states. Regions recognizes the importance of anticipating and adapting to changes that impact our business, our customers, our communities, our workforce, our suppliers and our shareholders. What’s more, our company has a personality – a culture – that is fresh and vibrant, and we believe it sets us apart in a crowded marketplace.
Our commitment to diversity is deep and multifaceted. It is an integral part of our mission to make life better for all we serve, and we believe it is critical to meeting our business objectives.
Regions is committed to building strong business relationships with a wide range of high-quality supply partners. It’s clear to us that many minority- and women-owned enterprises offer the quality, innovation, reliability and value that we seek. In addition, we regard these strategic relationships as good for society, good for business, and good for strengthening our competitive advantage. Our business relationships with diverse suppliers make a positive impact on the communities we serve, stimulate demand for consumer and business banking services and, ultimately, drive more value for the company.
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 following categories:
A Minority-owned Business Enterprise (MBE) must be U.S.-based and at least 51% owned and controlled by one or more persons with the following ethnic origins: African-American, Native American, Asian Indian American, Asian Pacific American or Hispanic American.
A Woman-owned Business Enterprise (WBE) must be U.S.-based and at least 51% owned and controlled by one or more non-ethnic women.
Third-party certification to confirm ownership, control and management of a company is also a requirement for eligibility. We accept third-party certifications of MBE/WBE status by the following:
- National Minority Supplier Development Council (NMSDC) or Regional Chapter;
- Women’s Business Enterprise National Council (WBENC) or Regional Chapter; or
- Many federal, state or local government affiliates upon review of their certification process.
Creating More M/WBE Opportunities
In carrying out our day-to-day business, Regions contracts with thousands of suppliers, many of whom subcontract goods and services related to the work they perform for us. Several means have been incorporated into our processes to encourage our prime suppliers to create more subcontracting opportunities for high-performing diverse business enterprises and measure the results through our Second Tier initiative.
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Please see our Frequently Asked Questions (FAQs) section or Contact Us at any time regarding our Supply Partner Diversity program.