Regions Bank

Regions Bank is the primary banking subsidiary of Regions Financial Corporation, an American bank holding company headquartered in Birmingham, Alabama, United States. Established in 1971 as First Alpha Bancshares and rebranded in 1994, it provides a full range of consumer and commercial banking, wealth management, and mortgage services. The bank's operations are divided into three main segments: Consumer Banking, which ludes deposits, mortgages, home equity lines, consumer loans, and credit cards; Corporate Banking, offering cash flow management, lending, and treasury services to businesses; and Wealth Management, providing investment and retirement solutions. Regions operates over 1,250 branches and 2,000 ATMs across the South, Midwest, and Texas, serving more than 10 million customers with a focus on digital banking platforms for mobile deposits and payments. Its global partnerships facilitate international wire transfers and trade finance, while emphasizing compliance with FDIC insurance up to $250,000 and cybersecurity measures. Regions collaborates with suppliers for technology infrastructure and vendor services, prioritizing data privacy under regulations like Gramm-Leach-Bliley Act. In 2024, Regions Financial Corporation reported total assets of $155 billion and net ome of $1.8 billion.