Regions Bank Announces Major Expansion of Financial Education Partnership with Operation HOPE to Include 100 HOPE inside Loca...
September 15 2017 - 9:00AM
Business Wire
- HOPE Inside locations at Regions Bank
branches help people take charge of their finances through
cost-free education.
- Program’s goals include helping people
reach credit scores of 700 or higher.
- Financial independence strengthens
quality-of-life, employment opportunities and more.
Regions Bank on Friday announced it is expanding its partnership
with Operation HOPE to support a total of 100 HOPE Inside financial
empowerment centers in Regions branches throughout the Southeast,
Midwest and Texas over the next four years.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170915005104/en/
Operation HOPE's "HOPE Inside" financial
empowerment centers are set up inside bank branches, including this
Regions location in St. Louis, Mo. (Photo: Business Wire)
HOPE Inside locations provide cost-free financial education
including credit and money-management counseling to underserved
residents and small-business owners. Already, Regions houses 12
HOPE Inside financial empowerment centers spread between branches
in Birmingham, Montgomery and Selma in Alabama, as well as St.
Louis, Mo.; Jacksonville, Fla.; New Orleans, La.; Baton Rouge, La.;
Paducah, Ky.; and Grenada, Miss.
“Operation HOPE works with people one-on-one to help them take
charge of their finances, improve their credit scores and reach
their long-term financial goals,” said Grayson Hall, Chairman,
President and CEO of Regions Financial Corp. “We have seen
first-hand how this program is making a tremendous difference for
individuals and families throughout the communities we serve, and
Regions Bank is proud to build on our partnership with Operation
HOPE to make financial education more accessible to more
people.”
Through the HOPE Inside program, Regions provides workspace
facilities within bank branches, along with additional support, to
enable a certified financial wellbeing coach from Operation HOPE to
meet with clients during Regions’ regular business hours. Coaches
work with clients to help them build their credit scores,
understand and use credit wisely, strengthen their overall
financial management skills and become better prepared to achieve
homeownership, avoid foreclosure or accomplish other financial
goals.
The service is provided free of charge and is available
regardless of whether the recipient is a Regions customer. It is
also available to people who have no bank account at all.
“Our vision is to create a stronger, more inclusive economy
through financial empowerment – and financial dignity,” said
Operation HOPE Founder, Chairman, and Chief Executive Officer John
Hope Bryant. “Imagine the difference our programs are making in
people’s lives as they improve their credit scores by 100 points or
more. Think about the impact on families and communities as more
people succeed financially. And consider the new investments and
jobs that come to communities where people are financially secure.
Operation HOPE is proud to work with Regions Bank in turning
today’s vision into tomorrow’s reality.”
Various HOPE Inside locations offer financial-management
guidance for small-business owners as well. Program participants
can choose to complete an entrepreneurial-training program that
emphasizes topics such as credit and money management, accounting,
marketing, business plan development and more. This counseling is
also provided free of charge.
Regions began its partnership with Operation HOPE in 2014 with
the establishment of the Birmingham financial empowerment center.
Future HOPE Inside locations over the next four years will be
determined by a variety of factors including community needs, the
accessibility of specific branch locations to future clients,
available workspace and more.
To learn more about the impact of HOPE Inside in Regions’
communities, watch this video on the Regions Financial YouTube
Channel.
The HOPE Inside model received the 2016 Innovator of the Year
recognition by American Banker magazine. Nationwide, there are
approximately 100 existing locations and commitments for more than
400 new offices within the next 24 months. According to Operation
HOPE, each office holds consumer credit counseling certification,
CFPB, FDIC, U.S. SBA, EITC, HUD, and FEMA applications and
partnerships, and through HOPE Inside, Operation HOPE is the only
organization certified by the Federal Financial Institutions
Examination Council to operate within a bank.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $125 billion in
assets, is a member of the S&P 500 Index and is one of the
nation’s largest full-service providers of consumer and commercial
banking, wealth management, mortgage, and insurance products and
services. Regions serves customers across the South, Midwest and
Texas, and through its subsidiary, Regions Bank, operates
approximately 1,500 banking offices and 1,900 ATMs. Additional
information about Regions and its full line of products and
services can be found at www.regions.com.
About Operation HOPE
Since 1992, Operation HOPE has been moving America from civil
rights to “silver rights” with the mission of making free
enterprise and capitalism work for the underserved. Through its
core programs, the nonprofit has provided financial dignity and
economic empowerment to over 2.6 million individuals worldwide, and
$2 billion in economic activity for the disenfranchised—turning
check cashing customers into banking customers, renters into
homeowners, small business dreamers into small business owners and
minimum wage workers into living wage consumers. Project 5117 is
HOPE’s multi-year four-pronged approach to combating economic
inequality that aims to improve financial literacy, increase
business role models and business internships for youth, and
stabilize the American dream by boosting credit scores. Operation
HOPE recently received its third consecutive 4-star charity rating
for fiscal management and commitment to transparency and
accountability by the prestigious non-profit evaluator, Charity
Navigator—further establishing it as a best-in-class organization.
For more information: www.OperationHOPE.org. Follow Operation HOPE
on Twitter: @OperationHOPE.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170915005104/en/
Regions Financial CorporationJeremy D. King, 205-264-4551Regions
News Online: regions.doingmoretoday.comRegions Bank Regions News on
Twitter: @RegionsNews
Regions Financial (NYSE:RF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Regions Financial (NYSE:RF)
Historical Stock Chart
From Apr 2023 to Apr 2024