2 star ratingAverage User Rating:
2 star rating based on 14 reviews.

Regions Bank

Regions Bank Locations
2020 Valleydale Rd
Hoover, AL 35244
1-800-734-4667
www.regions.com



Regions Bank is headquartered in Birmingham and is the largest bank in the state of Alabama. It is also the 15st largest bank in the nation. It was established in 1928 and as of March of 2012, it had grown to 21,788 employees at 1,778 locations. Regions Bank has a 4-star health rating.

Related Posts

Treasury: Regions Financial Repays TARP Funds (Forum) - 4/4/2012

From Reuters Regions Financial Corp has repaid $3.5 billion to the U.S. Treasury Department that it received under the bank bailout program and is now fully out of the financial crisis-era program, the Treasury said on Wednesday. Read more

Regions CD Owners Take Note (Forum) - 8/29/2011

Effective October 1, 2011 Regions Bank is changing its' fees such that a (formerly no monthly fee) checking account may be assessed an $18 monthly fee. If you (like I) acquired one of the very competitive Regions CD's, that <Ken nicely detailed in

Large Banks Adding New Fees for Debit Card Usage - 8/18/2011

Instead of rewarding customers for using debit cards, several large banks are starting to charge their customers. On Tuesday it was mentioned in the discussion forum about Wells Fargo's new fee of $3 ...

Regions Bank CD Special Relationship Rates On 1/9/2011 (Forum) - 1/9/2011

These special Regions CD rates are not anything to get excited about, but they're a better than what most of the large banks are offering. Rates may vary by zip code. The following rates were the same for zip codes in FL, TX and MO. As of 1/9/2011: 1.2

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See Rates for: Checking | Savings | Money Market | CD | IRA

Regions Bank Checking Account Rates

ApyMinMaxProduct
0.35%$500k-PFS Checking
0.01%--Preferred Plus Banking

Regions Bank Savings Account Rates

ApyMinMaxProduct
0.01%--Lifegreen Savings
0.01%--Regions Savings
0.01%--Savings for Minors

Regions Bank Money Market Rates

ApyMinMaxProduct
0.35%$100k-Platinum Relationship Money Market Special
0.20%$100k-Platinum Relationship Money Market
0.01%--Money Market Account

Regions Bank CD Rates

ApyMinMaxProduct
1.01%$500-58 Month CD Special
0.60%$500-60 - 72 Month Relationship CD
0.50%$500-48 - 53 Month Relationship CD
0.50%$500-55 - 59 Month Relationship CD
0.30%$500-36 - 47 Month Relationship CD
0.20%$500-30 - 35 Month Relationship CD
0.20%$500-24 - 29 Month Relationship CD
0.10%$500-12 - 17 Month Relationship CD
0.10%$500-18 - 23 Month Relationship CD
0.05%$500-6 - 11 Month Relationship CD
0.03%$500-1 - 5 Month Relationship CD
0.01%$500-0 Month Relationship CD

Regions Bank IRA Rates

ApyMinMaxProduct
1.01%$500-54 Month IRA Special
1.01%$500-54 Month Roth IRA Special
1.01%$500-54 Month CESA Special
0.60%$250-60 - 72 Month IRA
0.60%$250-60 - 72 Month Roth IRA
0.60%$250-60 - 72 Month CESA
0.50%$250-48 - 53 Month IRA
0.50%$250-48 - 53 Month Roth IRA
0.50%$250-48 - 53 Month CESA
0.50%$250-55 - 59 Month CESA
0.50%$250-55 - 59 Month IRA
0.50%$250-55 - 59 Month Roth IRA
0.30%$250-36 - 47 Month IRA
0.30%$250-36 - 47 Month Roth IRA
0.30%$250-36 - 47 Month CESA
0.20%$250-24 - 29 Month IRA
0.20%$250-30 - 35 Month IRA
0.20%$250-24 - 29 Month Roth IRA
0.20%$250-30 - 35 Month Roth IRA
0.20%$250-24 - 29 Month CESA
0.20%$250-30 - 35 Month CESA
0.10%$250-12 - 17 Month IRA
0.10%$250-18 - 23 Month IRA
0.10%$250-12 - 17 Month Roth IRA
0.10%$250-18 - 23 Month Roth IRA
0.10%$250-12 - 17 Month CESA
0.10%$250-18 - 23 Month CESA
0.05%$250-6 - 11 Month IRA
0.05%$250-6 - 11 Month Roth IRA
0.05%$250-6 - 11 Month CESA

Rates updated: 5/27/2012

Data for Q1 2012


Institution Statistics


Regions Bank
FDIC Certificate #12368
BankRate ReportView
Year Established1928
Employees21788
Primary RegulatorFED

Assets and Liabilities

Assets$124.71 billion
Loans$75.25 billion
Deposits$100.60 billion
Equity Capital$16.28 billion
Loan Loss Allowance$2.53 billion
Unbacked Noncurrent Loans$2.79 billion
Real Estate Owned$238.43 million

Historic Data - March 2011

Assets$127.50 billion
Equity Capital$15.29 billion
Loan Loss Allowance$3.19 billion
Unbacked Noncurrent Loans$3.97 billion
Real Estate Owned$453.59 million

Profit Margin - Quarterly

Net Interest Margin3.28%
Return on Assets0.88%
Return on Equity6.77%
Interest Income$996.07 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Regions Bank had $3.03 billion in non-current loans and owned real-estate with $18.81 billion in equity and loan loss allowances on hand to cover it. This gives Regions Bank a Texas Ratio of 16.11% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Regions Bank decreased slightly from 24.07% as of March 31, 2011 to 16.11% as of March 31, 2012, resulting in a positive change of 33.09%.This indicates that the balance sheet and financial strength for Regions Bank has improved slightly in recent periods.
Deposit Growth4
In the past year, Regions Bank has increased its total deposits by $1.26 billion, resulting in 1.27% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Regions Bank has shown is above average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Regions Bank has $124.71 billion in assets with $18.81 billion in equity, resulting in a capitalization level of 15.08%, which is excellent.
Write Review

If Your Thinking About Going To Regions Or ANY Amsouth Bank Read This First!! Untrustworthy And Incompetent!!
1 stars - RegionsBankSUKS - Monday, January 24, 2011 - 9:40 PM

DO NOT use REGIONS bank or any AMsouth bank. They exist only to
find ways to remove money from your account. I have lost thousands
of dollars due to there incompetence on 2 different occasions. One
when a woman forgot to turn in paperwork to cancel a check card
when fraudulent charges showed up, thereby allowing my account to
be drained. Then tried to force me to pay hundreds in overdrafts
due to thier own incompetence!!  When I contacted regions they ran
me around and literally did nothing. They lied to me about letting
me talk to a manager and only passed the phone to another low level
employee who lied to me about his position.
    Less than a year later they did almost the same thing, failing 

to close an account and tried to
hold me acountable for fraudulent charges after the account was
supposed to be closed. When I finally did get through to a higher
up, he told me..... "while I wasn't on the phone for that
converstation now was I?" "Lets see you prove it" Yeah this was MY
bank.
Simply put, they care nothing about thier customers, only finding
ways to part them from thier money through hidden rediculous
charges!!!
Bottom line... WHY take a chance? GO ELSEWHERE!!!

10

They Let A Stranger Withdrawl $1,000 Out Of My Account
1 stars - Karyn - Thursday, October 6, 2011 - 2:17 PM

To make a long story short, Regions allowed a debit on my account by another person for over $800. Wow! Talk about your money not being safe!!! I never got a clear answer as to why they'd let someone by a totally different name than what's on the account withdrawl any amount of money. They told me it would be 3-5 days before I'd get the money credited back to my account and because the weekend was coming up, it'd take even longer.

My husband when down to the branch to complain and they called the police on him. How do you like that for customer service?!!! Oh yeah, they didn't credit our account until several days later and then we immediately closed it!!!!

6

VERY VERY BAD BANK!!
1 stars - tekilka13 - Thursday, August 4, 2011 - 10:21 AM

 
I will never come back to this location again.. People who work there have no idea what they doing at all! I've been charged over $200 because guy who opened my account, forgot to mark that I need a student account..When I came back to talk to the manager, she didnâ??t even said " hello" to me.. while I been talking to her she didnâ??t even listen to me, she been playing with her computer ( and it wasnâ??t my account ) and after I finished she said that it was my fault and I have no idea how to manage my money...
But after that I came home, called customer service and they resolve my problem in 5 min.
By the way her name is [name redacted] and I have no idea how people like her working at the banks...I would NOT recommend this REGIONS location to anyone..

 

100 N Wood River Ave, Wood River, IL 62095



5

Regions Is The Worst Bank Ever
1 stars - cantrelljohn - Wednesday, June 1, 2011 - 11:28 AM

I went to cash my check at regions, to which I have an account with, and they told me that I could not cash my payroll check because I did not have the enough money in my account to do so. When I know myself that I was not in the negative at all. Wth? I will no longer be going there to do my banking. I would give them no stars if I could but that isn't an option, so I had to give them at least one.

5

Dishonest!!! Non Compliant!
1 stars - jcwalley1983 - Wednesday, March 23, 2011 - 2:17 PM

My family has taken out two Mortgages through Regions Bank. I Had also been a loyal customer of Regions Bank Customer for over 12 years.  About 6 months ago, my state Identity and Regions Bank card was stolen and all my funds were drained from my account.  Regions Bank assured me the problem would be taken care of and I would not be held responsible for any of the debited funds.  The person who stole my identity also used fraudulent checks (not my checks) to withdraw money from my current balance.  (Eg. He used stolen checks and cashed the stolen checks at a Regions Bank.  The transaction was taken by a Regions Bank Employee who then cashed the fraudulent checks on my account.  When the checks were returned, Regions bank charged my account for the Fraudulent Checks and the funds were debited out of my account for the amount of the Fraudulent Checks. )

I waited for over 5 months for some action to be taken.  I took all necessary steps in which Financial Advisors Sean, Mia, and Michelle Bergeron asked of me at Regions Bank Cheshire Bridge.  I was told I would be contacted by their Corporate Security Officer Frank and he would be the one to tell me when the funds would be released.  It is now 6 months later and I have not received $1 of the large sum of money that I was told I would not be held responsible for.  The last conversation I had with Michelle Bergeron is that Regions were exiting their relationship with me after 12 years and goodbye. I will be contacting the FDIC and also the BBB.  I plan on posting this review on every possible review web site.  DO NOT BE TAKEN ADVANTAGE OF LIKE I WAS.  Regions does not stand behind their protocol or any of it's policies with the FDIC. Everything in this statement is true and I will stand behind everything stated.  This has destroyed my credit and also my trust in any banking system.  

Thanks,

Justin Walley

5

Ncaring Management
1 stars - cwalton - Friday, September 2, 2011 - 6:29 AM

I have been a customer of regions since union planters was bought by them.  Riple tn. branch was good up until a few months ago when they started changing the branch management regularly. the last few months have gone terribly downhill. no one knows who you are any more and management at higher levels seem to be uncaring. i am closing my account with this company and would not reccomend them to any one.

4

Regions Saborenation Policies Are Not Friendly To Their Customers Who Have Essential Lines Of Credit With.
1 stars - Kathyschultze - Tuesday, February 28, 2012 - 12:41 PM

This Bank does not care about it's customers...Their saborenation policies are not friendly to their customers who have second mortgages with them.

With this economy and appraisals running lower than they were six years ago "Regions bank", who Holds our second  mortgage; will not let us refinance our First mortgage even though they remain in the same position they were in when they gave us this loan. 

Refinancing our First mortgage through the"HARP" program would save us  $275. a month right now, and would have saved us more in the past when interest rates were lower.

These government programs that are meant to help the middle-class need stricter "guide lines" for these Banks, who hold it's unsuspecting customers "Hostage".

I might add; Region Banks' has had no problem accepting "Tarp" money when the government was handing it out though!....Thanks for reading this.

3

Bank Fees...RIDICULOUS!!
1 stars - gtizard - Sunday, October 16, 2011 - 9:26 AM

I have been with Regions for many 14 years..(Union Planters)..I am now being charged $14 A MONTH to use MY MONEY!!! I do realize that all banks are crooked now and charging these frivolous fees, but this amount is proposterous. Regions says if I keep more money in the account it can be waived, but I have had my account information stolen and the process/time to have funds reimbursed was long.  Why would I keep more money in my account so more can be stolen...not if, but when the account gets hacked again?  

This fee is absolutely unnecessary to use MY MONEY...unbelievable.. I will be leaving Regions and going to a credit union. As stated, I do understand that many banks are charging a fee now, but I know of none to this degree.

 

Keep this in mind when choosing a bank.  

3

Great For Getting Your Money From Your Account, Good Customer Service
1 stars - urbanweasel - Tuesday, July 26, 2011 - 7:28 AM

Bewary, they are in it to get your money any way they can and they will, customer service is good for telling you they took your money and outrageous interest rates

3

Regions Bank
2 stars - JFDonahueIII - Friday, April 15, 2011 - 11:03 PM

After several years of maintaining both personal and business accounts at Regions, I have now become concerned about their condition and long term viability. Negative ROI and ROE are just the exterior signs causing alarm. Sharp personnel cutbacks, longer funds holding periods on, even, funds from other large Fed Member banks, and large fee increases combine to send up ingnificant red flags.  

3

7 Years Of Hell
1 stars - louie1234 - Thursday, March 15, 2012 - 9:51 AM

Please let me warn everyone to stay away from Regions I have been with them for 7 years and I now regret every second that I have ever been with them. They will tell you the manipulate the checks to come out the biggest to the smallest no matter what order you write them in. They seem to "lose" paper work after something happens that is their fault. I work hard for my money and I am a full time college student and they will steal your money all day long. Belive me if there was a star less than 1 I would click that! I want to warn everyone to NEVER BANK WITH REGIONS!

2

Great Customer Serivce
5 stars - catrising - Sunday, February 20, 2011 - 1:05 AM

I am a homemaker who sometimes work part time and I finally decided that I needed a bank account about a year ago. I went to couple other banks before going to Regions and they required too many documentation to open up a new account. Then I called Regions and they said all I needed was my I.D. to open an account. They have always been a hassle free place to visit. And they have really great customer service.

2

Mobility Banking
4 stars - aaearthlink - Saturday, December 4, 2010 - 5:58 PM

Great Mobility Banking Application for the iPhone and iPad.

2

Regions In South Georgia Are Great!
5 stars - mustbenutz - Thursday, October 27, 2011 - 2:50 PM

In South Georgia (Valdosta, GA) Regions is great, Staff very customer oriented.  I have been banking with Regions for over 8 years.  Personal Checking and a Business Checking.  Feels great when you walk in and they call you by name.  I have other accounts with banks in our area and they do not give you the royal treatment like Regions.

The Five Stars are not just for Customer Service, but also their banking practices towards account holders is much better than the other area banks I have accounts with.  They do not put a 10 day hold on deposited check funds like one of the local banks that I do business with for 23 years does!  They even put a 10 day hold on a check I deposited that was written from my Regions Account and my account balance was much greater than the check I deposited.  Regions has never held any funds from me!  A very happy customer!

1