Regions Financial Corp. - RF STOCK NEWS

Regions Bank is bringing the Inner City Capital Connections (ICCC) program to Miami for the first time in October 2024, aiming to support small-business owners in under-resourced areas. This initiative follows successful implementations in cities like Atlanta and Los Angeles.

Entrepreneur Keisha Mabry Haymore, a graduate of the ICCC program in St. Louis, emphasizes the program's impact on her business, heyFRIEND, and encourages others to apply. The ICCC offers free training, one-on-one coaching, webinars, and networking opportunities.

The program is designed to help small businesses grow sustainably and foster community building. ICCC has built a network of over 8,000 alumni since 2014, with Regions Bank playing a significant role in its expansion. The upcoming Miami event aims to be transformational for participants, focusing on various business aspects like marketing, strategy, and talent retention.

Applications are now open on the ICCC website.

Monroeville, Alabama, celebrated for its literary heritage, is experiencing a downtown revival driven by young entrepreneurs. According to Anne Marie Bryan, Executive Director of Monroeville Main Street, eight new businesses have opened in the last 14 months, with six owned by individuals under 35. Notable new ventures include Barfield's Mercantile and Bonehead Boots, supported by community collaboration and initiatives from Main Street Alabama and Regions Bank. Additionally, local businessman Billy Jones is converting old storefronts into Airbnb rentals to address lodging shortages. This economic boost is enhanced by cultural attractions like the Monroe County Heritage Museum and performances of 'To Kill a Mockingbird.' The collaborative efforts aim to sustain Monroeville's growth and attract more visitors and residents.

Regions Bank has launched a series of initiatives aimed at teaching financial literacy to students across various regions. During Financial Literacy Month, the bank's Next Step® program engaged students in interactive activities to help them understand and manage their finances. Events were held in locations such as Tampa, Florida; Dothan, Alabama; Baton Rouge, Louisiana; and Shreveport, Louisiana.

Regions associates volunteered at Junior Achievement's Finance Park, where middle school students learned about budgeting, interest rates, and the impact of education on earning potential. In Dothan, a Family Game Night was organized for families to learn about budgeting through games and activities. The bank also partnered with the Boys & Girls Clubs of Metro Louisiana to teach teens about money management and career pathways.

In Shreveport, volunteers conducted Reality Check events to help students avoid financial pitfalls and manage income and debt. These initiatives aim to empower young people with the knowledge and skills necessary for financial stability and success.

Regions Bank celebrates Asian American and Pacific Islander (AAPI) Heritage Month by acknowledging the contributions of its diverse associates. The press release features personal reflections and experiences from employees like Austin and Sara, highlighting their cultural backgrounds and journeys. AAPI Heritage Month, established in 1992, recognizes the 22 million individuals from over 50 ethnic groups in the United States. Regions Bank emphasizes its commitment to diversity, equity, and inclusion (DEI) through strategic initiatives aimed at enhancing workforce diversity, fostering an inclusive workplace, and leveraging DEI in marketplace relationships.

Regions Bank has been actively involved in Junior Achievement (JA) initiatives, contributing thousands of volunteer hours each year to teach financial literacy to youth. This collaboration aligns with Regions' mission to enhance financial confidence in communities. The press release features insights from three Regions associates - Toni Jones, Frank Haig, and Dhiraj Sharma - who have been volunteering with JA for several years. They emphasize the importance of early financial education and share personal lessons learned from their experiences, such as the significance of curiosity and the impact of teaching financial management to students. Their testimonials highlight the mutual benefits of JA's programs for both the community and Regions Bank.

Regions Bank has received the 2024 President’s “E” Award for Export Service, the highest honor for export services in the U.S., recognizing its efforts to provide financing solutions that bolster the nation’s exports. The award was presented at a ceremony at the U.S. Department of Commerce in Washington, D.C. This marks Regions' latest recognition for its commitment to export financing, with past accolades from the Small Business Administration and the Export-Import Bank. Regions offers a variety of trade finance options, including Treasury Management, Performance Solutions, Working Capital Solutions, and Foreign Business Solutions, to support clients in expanding their global reach.

Regions Bank's Natural Resources and Real Estate group is promoting carbon sequestration as a lucrative investment opportunity through carbon capture, utilization, and storage. The bank is facilitating clients in leveraging their land for revenue generation while mitigating CO2 emissions. With the expansion of tax credits and growing interest in carbon sequestration, the industry is gaining traction, especially on the Gulf Coast, with new projects and opportunities emerging.

Regions Bank showcases innovative solutions to address hunger relief and reduce food waste in partnership with nonprofit organizations, Second Helpings and Northwest Arkansas Food Bank, during Earth Week. Feeding America estimates 44 million Americans are food insecure while 80 million tons of food are wasted annually. Second Helpings rescued 17,239 pounds of food from the NBA All-Star weekend, totaling over 50 million pounds of rescued food since 1998. Northwest Arkansas Food Bank expands its garden to yield 20,000 pounds of produce annually, promoting accessibility and sustainability.

Regions Financial Corp. (NYSE:RF) is set to take part in the Morgan Stanley U.S. Financials, Payments & Commercial Real Estate Conference on June 12. The event will feature a virtual fireside chat with Regions executives starting at 8 a.m. ET. Interested parties can tune in via a live webcast on Regions' Investor Relations website. A replay will be accessible post-event.