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"Doing More" - The 2013 Regions Social Responsibility Report Is Available At (Graphic: Business Wire)

Stocks in this article: RF

Regions Financial Corporation (NYSE:RF) on Friday announced the release of its 2013 Social Responsibility Report.

The report, titled “Doing More,” reflects the commitment Regions has made to serving customers and communities through more than banking transactions. “Doing More” is about building stronger relationships, building stronger communities, supporting causes that are making a positive difference, and creating sustainable economic development.

“We make business decisions that allow us to do well by doing good,” said Grayson Hall, president, chairman and chief executive officer of Regions Financial Corporation. “It’s about creating shared value for all our stakeholders – customers, associates, communities, and shareholders. I’m proud of the stories in this report that illustrate how our customers and associates are working together to make life better for others. Their personal interests and how they use their collective talents and expertise to improve the quality of life in our communities push us all to do more, to do better.”

Examples of Regions “Doing More,” highlighted in the report, include:

  • Investing in our Hometowns:

“Where other banks said no, Regions saw our progress and gave us the opportunity,” said Dr. Kelli Joseph, superintendent of the St. Helena Parish School District in Louisiana.

A few years ago, Dr. Joseph was given the challenge of turning around the failing school district. Not long before that, LaSundra Pitts was given the opportunity to manage a Regions Bank branch in the nearby town of Amite. The two began a business relationship that has helped the school district and its students both financially and academically – while helping Regions invest in the community and serve more people.

“Doing More” describes how Pitts started teaching financial education to students, she participated in career days, and she encouraged students to enter Regions’ Riding Forward Scholarship Contest. Dr. Joseph started implementing reforms and turning around the school district’s deficit. The system moved its banking relationship to Regions, and in May of 2013, Regions approved a $3.54 million loan to help repair and improve physical structures within the school district.

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