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Home > Banking Companies > Regions Bank: The Best Partnership For You
Regions Bank: The Best Partnership For You
Regions Bank was founded in 1971 as First Alabama Bancshares Inc. when around 40 banking offices made possible to start a new business in Birmingham, Huntsville and Montgomery. However, in 1994 the company changed its name to Regions Financial Corporation, and in July of 2004 Regions Financial Corp made a strategic alliance with Union Planters Corp. Today they have approximately five million customers around many states of the United States, and it is a leading provider of banking services for commercials and individuals.
Throughout 1,300 banking offices, Regions Financial Corporation operates 1,600 ATM network in different states, such as Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia.
Regions Financial Corporation is focused on three important segments, these are: personal banking, business banking and corporate banking. Services and products for individuals include checking accounts, savings plans, money market, loan programs and mortgages. Besides, you can find insurance and investments plans.
There are seven kinds of checking accounts; some of these are Free Checking, which offers unlimited check-writing without monthly service charges and overdraft protection; sometimes people can obtain 30 % of discount of safe deposit boxes. For opening an account it is necessary to deposit $100. Another type is Classic Banking, here, maintaining a balance of $750 or more is necessary to avoid service charge. The other kinds of checking accounts are: Preferred-Plus Banking, MOR Linked Checking, E-ssential Banking, Preferred Banking and Heritage Club.
Small businesses can find deposit services, business savings plans, different credit cards and cash management. Besides, there is a finance line; this includes loans, affordable types of credit, leasing options and account receivable plans. Some of the benefits of this plan are: provides outsourcing of accounts receivable, management support for enterprises and collect and credit experience, among others.
Regions Financial Corporation thinks in everything; therefore, they developed an exclusive line of banking services for corporations. Bigger companies can find services such as treasury management and international baking services. Here you can find solutions for foreign exchange, importer trade solutions, correspondent banking, collections, letters of credit and so on.
Financing services include commercial lending and leasing programs; asset based lending plans and intermediary credit analyst for the automotive industry. Besides, there is an attractive loan program.
If you are looking for professional banking services and security, Regions Financial Corporation could be an excellent partnership.
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