Regions Financial Corp. - RF STOCK NEWS

Regions Bank supports Peer Power Foundation, a Memphis-based nonprofit focusing on workforce development. The program, led by Marlon Ross Jr., aims to break the cycle of poverty by providing job skills and holistic support to at-risk youth. Key points:

• 90% of students have witnessed homicide; some have committed misdemeanors
• Program teaches forklift operation, metalworking, and supply chain logistics
• Includes 'essential skills' training: professionalism, financial education, and therapy
• Emphasizes accountability and overcoming limitations
• Aims to address workforce needs in Memphis and beyond

The program has shown positive results, with students reporting improved perspectives and life skills. Regions Bank supports this initiative financially and through volunteerism.

Regions Bank's Technology, Operations, Digital and Data interns participated in a volunteer event at Avondale Park in Birmingham, Alabama, as part of the bank's 'What A Difference A Day Makes' program. The event, held on National Intern Day (July 25), involved light landscaping around the park's rose garden. This initiative was coordinated with Friends of Avondale Park, a volunteer organization that supports the city's Parks and Rec department.

The internship program aims to introduce students to Regions' culture and values, including community involvement. Despite inclement weather, the interns demonstrated teamwork and enthusiasm. The experience is part of Regions' Emerging Talent program, which often leads to full-time employment opportunities for graduates.

Regions Bank is supporting Kids' Meals, a Houston nonprofit, through its New Markets Tax Credit (NMTC) investment. This funding will help Kids' Meals expand its operations with a new 50,000 square-foot facility, enabling them to serve 26,000 preschool-aged children daily by 2031. The investment supports the retention of 46 permanent full-time employees and will increase meals served annually from 2.1 million to 6.5 million.

Kids' Meals, founded in 2006, aims to end childhood hunger in Houston. The organization currently delivers 2.7 million meals annually across 50+ Houston-area zip codes. Besides meal delivery, Kids' Meals partners with 70+ community organizations to provide additional resources like education, job training, and health support to families.

Regions Bank has been named to the 2024 Disability Equality Index for the fourth consecutive year, recognizing it as a 'Best Place to Work for Disability Inclusion'. This distinction highlights Regions' commitment to creating an inclusive workplace and providing accessible banking services. Clara Green, head of Diversity, Equity and Inclusion, emphasized the importance of serving communities while considering the needs of all individuals.

The Disability Equality Index, a joint initiative of the American Association of People with Disabilities and Disability:IN, is a leading benchmarking tool for corporate disability inclusion policies. Regions' commitment extends to customers through accessible products and services, including the introduction of MagnusCards in 2024, designed for neurodivergent individuals. The bank also invests in programs supporting accessible housing, independent living, and workforce training for people with disabilities.

Regions Bank has announced significant leadership changes in its Corporate Banking Group. Ronnie Smith, the current head, will retire at the end of the year after over 40 years of service. Brian Willman, currently head of Commercial Banking, will succeed Smith as head of the Corporate Banking Group. Nikki Stephenson, head of Credit Products, will be elevated to head of Commercial Banking.

Smith, who began his career in 1981, has been praised for his dedication to clients and communities. Willman, a 15-year veteran of Regions, will report directly to CEO John Turner. Stephenson, with over 16 years of experience, will report to Willman. The bank emphasizes its commitment to customized services and a collaborative approach in serving businesses and industries.

Regions Financial Corp. (NYSE:RF) has announced its participation in the Barclays 2024 Global Financial Services Conference. The company's segment is scheduled for Wednesday, Sept. 11, at approximately 9:45 a.m. ET. Executives will engage in a fireside chat-style discussion during the event.

Interested parties can access the live, listen-only webcast of the discussion through Regions' Investor Relations page at https://ir.regions.com. For those unable to attend the live session, a replay will be made available on the same page following the event, ensuring widespread access to the company's insights and commentary.

Regions Financial (NYSE:RF) has announced the redemption of all 20,000,000 outstanding depositary shares (NYSE: RFPrB) representing interests in its 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B. The redemption is scheduled for September 16, 2024, at a price of $25 per Depositary Share, equivalent to $1,000 per share of Series B Preferred Stock. After this date, no Depositary Shares or Series B Preferred Stock will remain outstanding, and dividends will cease to accrue. The regular quarterly dividend will be paid separately to record holders prior to the redemption. Investors holding these shares through banks or brokers should contact their financial institutions for information on obtaining the redemption price.

Regions Financial (NYSE:RF) has announced a cash dividend for its newly-issued Series F Preferred Stock. The dividend amount is set at $8.8806 per share, which is equivalent to approximately $0.222014 per depositary share. This dividend will be payable on Sept. 16, 2024, to stockholders of record as of the close of business on Sept. 3, 2024. The declaration was made by the company's Board of Directors, demonstrating Regions Financial's commitment to providing returns to its preferred stockholders.

Regions Bank has been named to the 2024 Disability Equality Index for the fourth consecutive year, recognizing it as a 'Best Place to Work for Disability Inclusion'. This distinction highlights Regions' commitment to creating an inclusive workplace and providing accessible banking services. The bank has introduced MagnusCards® in 2024, a solution designed to assist neurodivergent customers with everyday banking tasks.

The Disability Equality Index, now in its 10th year, is a joint initiative of the American Association of People with Disabilities and Disability:IN. It serves as a benchmark for corporate disability inclusion policies and programs, used by over 70% of U.S. Fortune 100 companies. Regions Bank's commitment extends to supporting associates, customers, and communities through inclusive practices, accessible products, and investments in programs that enhance the lives of people with disabilities.