Regions Foundation Announces Disaster-Recovery Grants for Key Areas Impacted by Recent Midwestern Storms

$60,000 in total funding to benefit individual and small business recovery in parts of Missouri and Indiana.

ST. LOUIS--(BUSINESS WIRE)-- The Regions Foundation on Friday announced a series of grants totaling $60,000 to support disaster recovery following a deadly tornado that tore through St. Louis and surrounding communities May 16. The same storm system later brought destructive weather to portions of Indiana that are supported by the Regions Foundation.

The Regions Foundation is a nonprofit that is primarily funded by Regions Bank. In addition to providing disaster-recovery funding in areas served by Regions Bank, the Regions Foundation delivers grants addressing other, long-term issues such as economic and community development, education, financial wellness and more.

Organizations supported by the grants announced Friday will include:

• The United Way of Greater St. Louis: The Regions Foundation is designating $25,000 of its recovery grant funding to support ongoing United Way initiatives within impacted areas of St. Louis City and surrounding communities. United Way efforts are focusing on organizing resources to meet initial food, shelter and cleanup needs while encouraging community support to meet longer-term needs.

• The Urban League of Metropolitan St. Louis: The Regions Foundation is designating $25,000 of its recovery grant funding to support the Urban League’s temporary relief fund aimed at supporting recovery efforts for people, families and small businesses – including those in North City. The organization – which has long been connected to Regions Bank’s small business, workforce development and affordable housing strategy – will continue to provide support for those impacted within low- and moderate-income census tracts.

• The American Red Cross: The Regions Foundation is contributing $10,000 to support Red Cross operations in Indiana’s Monroe and Greene counties, which were affected when the same weather system moved east of St. Louis and south of Indianapolis. Efforts supported will include ongoing damage assessments, emotional and financial support services and additional community needs through community partner collaborations.

“As people across the Midwest have begun to pick up their lives following these devastating storms, these three organizations have been alongside them every step of the way,” said Marta Mendes-Miguel Self, executive director of the Regions Foundation. “We are proud to provide funding to extend short- and long-term recovery efforts for the many people and businesses impacted.”

Scott Hartwig, market executive for Regions Bank in St. Louis, said the grants from the Regions Foundation reflect the latest examples of neighbors and organizations coming together to show solidarity and support.

“These were hard-hit areas where we live and work alongside impacted community members and businesses,” added Hartwig. “Seeing the devastation caused by these storms is jarring, and our local Regions Bank associates are so very thankful to our colleagues at the Regions Foundation for delivering these grants to these deserving organizations that will aid ongoing recovery needs well into the future. It means so much to so many.”

About Regions Foundation:

The Alabama-based Region Foundation supports community investments that positively impact communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank. To learn more about the Regions Foundation visit www.regions.com/foundation.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $160 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

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Media Contact:

Ashley Foster

Regions Bank

Regions News Online: regions.doingmoretoday.com

(205) 264-4551

Source: Regions Financial Corporation