Regions Bank is presently one of the largest U.S. bank holding companies. Originally, the company’s name was First Alabama Bancshares Inc., which has 40 banking operations in Birmingham, Huntsville, and Montgomery. It then merged with Birmingham-based AmSouth Bancorporation whose corporate office is chartered as Regions Financial Corporation based in Birmingham. The merger made the company one of the 10 largest bank holdings in the United States and is part of New York Stock Exchange under the symbol RF.
Regions Bank offers various financial services that include banking solutions, investing services, loans and credits, and insurance.
- Banking Solutions include: checking, money market, savings, CDs, and platinum visa check card.
- Loans and Credit provides credit cards, home equity, mortgages, auto loans, and student loans.
- Regions Online Banking features enroll today, getting started, mobile banking, frequently asked questions, and password reset.
- Insurance and Investing offers insurance, Morgan Keegan, trust and asset management, retirement planning, and private client services
Regions Bank’s facilities, such as streamlined check deposit operations, save clients time and money. Its quick deposit facility enables a client to make a deposit without visiting any branch. Through the bank’s quick deposit scanner, a client can make a deposit whenever he wants. Daily check deposit is left to the control of the clients. The scanner allows the client to review the images of the check deposits and any error can be corrected before it goes to the bank. Scanners are easy to install. Positioned on top of the client’s desk, a scanner helps in proofreading the check deposits and correcting errors before the transaction is completed.
At Regions Bank, there is improvement in the client’s funds availability. This happens because there is an extended deposit deadline – 6:00 p.m. compared to 2:00 p.m. in other banks. It is assumed that additional deposits can be made if the deposit deadline is extended. Therefore, there will be more funds available earlier the next day. Company depositors with multiple locations can still make a centralized management of funds. Regions Bank makes it manageable through the Quick Deposit service. Using an assigned user ID and password, a client can log on to the Quick Deposit application, and the deposited amount is entered and capture electronically the images of receivable checks.
Regions Bank allows depositors to manage their business and watch it grow. Its financial tools and financing solutions help their clients’ businesses continue to expand. There are a lot more financial services offered by Regions Bank to the satisfaction of their valued customers. All these customers avail these bank services and no one was left unassisted. This made Regions Bank known throughout the United States as one of the ten largest bank holdings.
Clients are proud to be considered as clients of the bank. With its 40 locations, there is no reason for a client to complain about the bank’s accessibility. Its extended deposit deadline helps most customers avoid their cramming mode while preparing to make bank deposits. Thus, it also avoids errors in making the sensitive banking transaction.