Demonstrating Shared Value

As a regional bank, the relationships we form with the communities we serve are central to fulfilling our mission and purpose. We seek to cultivate inclusive growth by investing in our communities — individuals, families, and businesses — and creating more opportunities for everyone to achieve their financial goals.

We believe that shared value leads to profitable and sustainable growth through:

• Community impact: For our communities, our investments reflect our mission to make life better by helping people and businesses prosper and thrive.
• Associate engagement: For our associates, our commitment reflects our values of put people first and do what is right. It helps strengthen our culture, build associate affinity with Regions and in turn increase our associates’ engagement.
• Business growth: For our business, our active engagement leads to strong local ecosystems where our Bank grows and thrives along with our customers and communities. Increasingly, we are seeing the rise of community engagement as a lever in business success.

Investing in Our Communities

Our Strategic Priorities

In 2021, we continued our purpose-led and performance-driven focus in our community investment strategy. We supported programs and services that were intentional in achieving short-term outcomes and long-term impact around our three community engagement strategic priorities:

We believe that focusing on these priorities, which complement our expertise and talent, allows us to best serve our communities. By supporting initiatives where we feel that we can have a meaningful impact, we believe that we are well-positioned to continue doing more today and into the future.

Please see our 2021 Community Engagement Report, available at www.regions.com/communityengagement, for more information and stories highlighting these priorities.

Regions Foundation

The Regions Foundation, a 501(c)(3) nonprofit corporation funded primarily through contributions from Regions Bank, aims to promote inclusive prosperity by investing in initiatives aimed at reducing barriers to economic success.

• The Foundation distributed $6 million to our communities in 2021, with a focus on creating more inclusive prosperity.
• In addition to grantmaking, the Foundation also made mission-related investments in 2021, including $8 million invested in two socially responsible funds that create more economic development and affordable housing.
• The Foundation has made $17 million in commitments over the past three years.

Regions Community Development Corporation

Established and funded in 2020, the RCDC is a wholly-owned subsidiary of Regions Bank. The mission of the RCDC is to make life better by providing debt and/or equity financing for projects and entities with a community development purpose. Specifically, the RCDC’s considerations include:

• Providing project financing for new construction and rehabilitation.
• Providing greater flexibility in pricing and structure than traditional bank lending.
• Making responsible, strategic-impact equity investments.
• Becoming a leader in supporting CDFIs in the Regions footprint.

In 2021, the RCDC invested $33 million in new debt and equity commitments for the purposes of affordable housing development, economic revitalization, and support for LMI small businesses and individuals.

Reinforcing DEI Commitments Through Community Outreach

Our commitment to DEI is reinforced through ongoing efforts to reflect, anticipate, and adapt to the changing demographics of the communities where we live and work. We work closely with local, state, and national organizations to provide financial education and community development technical assistance to diverse communities. These organizations include HBCUs and the National Urban League and its affiliates. The strength of these collaborations provides a positive impact with financial wellness, workforce development, community revitalization, and small business development.

Supporting People with Disabilities

We advocate for people with disabilities through accessible banking solutions and investments that help our communities overcome financial barriers. Regions’ Disability Services and Outreach Manager maintains relationships with advocates for accessibility to stay abreast of their concerns; they also collaborate with internal Regions partners. We provide governance and leadership support to organizations such as Paraquad (Missouri), Indiana School for the Blind and Visually Impaired (Indiana), Canopy (Mississippi), and the Alabama State Rehabilitation Council (Alabama).

Money Basics for Life is a Regions financial education program designed to meet the needs of people with disabilities. Courses are taught by associates specially trained to deliver the content, including the availability of a Spanish-speaking instructor.

In 2021, we were recognized as a “Best Place to Work for Disability Inclusion” after earning a perfect score of 100 on the Disability Equality Index.

We continue to provide financial support and volunteers to organizations across our footprint that provide services such as job readiness and employment to individuals with a disability.

Supporting Veterans in the Community

Regions also seeks to serve members of the U.S. military, veterans, and their families through targeted financial guidance and education. Regions’ Service Members and Veterans Affairs Manager understands their unique needs and seeks ways to help them manage their finances. This includes providing financial support, job readiness training, and opportunities to cultivate entrepreneurial activities for community organizations.

In 2021, Regions Bank placed in all four categories of the Military Friendly^® ratings:

• Military Friendly Employer, Silver Award
• Military Friendly Brands, Top 10
• Military Friendly Supplier
• Military Friendly Spouse Employer

Our efforts to support veterans, service members and military spouses include:

• BRAVE — a program that supports veterans and military spouses seeking career opportunities at the Bank.
• Membership in the MSEP program for military spouses.
• Working with Hiring our Heroes to connect transitioning service members and their families with career opportunities.

Regions Bank, in collaboration with the Association of Military Banks of America, has an agreement with the U.S. Veterans Benefit Administration to provide banking and financial services to VA beneficiaries. In addition, Regions Bank’s Service Members and Veterans Affairs Manager serves on the organization’s board.