Regions Bank Unveils Comprehensive Disaster Recovery Financial Services for Hurricane-Impacted Florida Communities

In the wake of Hurricane Idalia's devastating impact on Florida, Regions Bank has stepped up to provide crucial financial support to affected communities. The bank's swift response demonstrates its commitment to helping Floridians navigate the challenging aftermath of the natural disaster.

Immediate Relief Measures

Regions Bank has announced a series of financial services tailored to assist individuals and businesses in hurricane-impacted areas. These measures aim to alleviate financial stress and facilitate recovery efforts:

1. Fee Waivers: Regions is waiving or refunding a variety of fees for customers in affected areas, including:

   • ATM fees for using non-Regions ATMs
   • Fees for early withdrawals from CDs (Certificates of Deposit)

2. Payment Deferrals: The bank is offering payment extensions on various loans, including:

   • Consumer loans
   • Credit cards
   • Business loans

3. Mortgage Assistance: Special mortgage payment assistance and disaster-recovery loan programs are available to eligible customers.

Expanded Access to Funds

To ensure customers have access to their money when they need it most, Regions Bank has implemented several measures:

• Check-Cashing Services: Regions Check Cashing services are available for both customers and non-customers, even for checks drawn on other banks.
• Increased ATM Withdrawal Limits: Daily cash withdrawal limits at Regions ATMs have been temporarily increased to $1,000.

Supporting Local Businesses

Recognizing the critical role small businesses play in community recovery, Regions Bank is offering:

• Business Loan Payment Deferrals: Eligible business customers can apply for payment extensions on various types of business loans.
• Merchant Services Support: The bank is assisting impacted merchants with point-of-sale terminals and other payment processing needs.

Personalized Financial Guidance

Regions Bank understands that each customer's situation is unique. To address individual needs:

• One-on-One Consultations: Customers can schedule appointments with Regions bankers for personalized financial advice and assistance.
• Digital Banking Support: The bank's online and mobile banking platforms remain operational, allowing customers to manage their accounts remotely.

Community Support Beyond Banking

Regions Bank's commitment extends beyond financial services:

• Employee Assistance: The bank is providing support to its own associates affected by the hurricane.
• Community Partnerships: Regions is collaborating with local organizations to support broader community recovery efforts.

Accessing Disaster Recovery Services

Kelley Pate, Consumer Banking Executive for Regions Bank in Florida, emphasized the bank's readiness to assist:

"Our teams are prepared to help customers and businesses access the financial services they need to recover and rebuild. We encourage anyone impacted by Hurricane Idalia to reach out to us for assistance."

Customers can access these services through multiple channels:

• Visiting open Regions branches
• Calling 1-800-REGIONS
• Using Regions' online and mobile banking platforms

Long-Term Commitment to Florida's Recovery

Scott Peters, Consumer Banking Executive for Regions Bank, underscored the bank's dedication to Florida's long-term recovery:

"Regions Bank is committed to supporting our Florida communities not just in the immediate aftermath of Hurricane Idalia, but throughout the entire recovery process. Our comprehensive approach aims to provide both immediate relief and long-term stability for our customers and communities."

As Florida begins its journey to recovery, Regions Bank's proactive measures serve as a beacon of support for affected individuals and businesses. The bank's multi-faceted approach addresses immediate financial needs while laying the groundwork for sustainable economic recovery in the hurricane-impacted regions.

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Regions Bank Disaster Recovery Services