This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Regions Bank Introduces New Savings Secured Loan; Announces Plans To Develop Additional Solutions In 2014 To Meet Customers’ Credit Needs And Discontinue Ready Advance

Stocks in this article: RF

Regions Bank (NYSE: RF) customers may now apply for a low fixed interest rate personal installment loan secured by funds in their Regions savings account. Qualified customers may borrow as little as $250 with the new Regions Savings Secured Loan. Customers may apply for the loan at any Regions Bank branch, by calling 1-888-IN-A-SNAP (462-7627), or online at regions.com.

The new Regions Savings Secured Loan is intended to help meet the credit needs of Regions customers and complement other existing consumer credit solutions, including secured and unsecured credit lines, personal installment loans and Regions credit cards. Regions is also developing other credit alternatives in 2014, including an expanded, unsecured line of credit product that will meet the needs of a broader customer base.

“It’s clear that consumers have a need for small-dollar loans, and we believe banks have a responsibility to meet that need,” said John Owen, head of Business Groups for Regions Bank. “To that end, we have introduced a new savings secured loan product and we are developing other credit products in 2014 that will appeal to a broad group of current and potentially new Regions customers to assist them in meeting their financial needs.”

In addition to launching these new products in 2014, Regions will discontinue its Ready Advance product by year-end. Effective January 22, 2014, Regions will not offer Ready Advance to new customers. There are no immediate changes for existing Ready Advance customers. Regions is developing a transition plan for these customers, and qualified current customers with an active Ready Advance line of credit will have access to future advances until this transition plan is completed. Regions will communicate changes to existing customers well in advance and will work closely with Ready Advance customers to match their needs with new product offerings as appropriate.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs