Regions Financial Corp

XMUN:RN7

Business Description

Sector

Financials

Industry

Banking

Headquarters

United States of America US

Employees

19 910

IPO date

Mar 17, 1980

Regions Financial is a regional bank holding company that runs Regions Bank, a consumer and commercial bank focused on the Southeast and Midwest. It takes deposits, makes loans, and handles everyday banking for individuals and businesses through branches, online channels, and bankers who work directly with customers.

The company sells checking and savings accounts, mortgages, auto and personal loans, credit cards, business loans, commercial real estate lending, treasury services, and wealth management. Its main customers are households, small and middle-market businesses, and larger corporate and municipal clients that need deposit accounts, credit, and cash-management services.

Regions makes most of its money by earning interest on the loans and securities it holds while paying less on customer deposits, and by charging fees for services such as card use, wealth management, and treasury processing. What makes its business model different is that it is a relationship bank: it tries to keep customer deposits and lending ties over time, which gives it a steady funding base and makes it an important local lender and financial services provider in the regions it serves.