EXIM Honors Regions Bank, Based in Birmingham, Alabama, with Lender of the Year Award for Outstanding Support of U.S. Exports
September 10, 2020
(Ex-Im Bank)
Regional Lender Operating in 15 States Throughout the South and Midwest
Processes More Than $65 Million of Transactions Over Past Year
WASHINGTON – The Export-Import Bank of the United States (EXIM) today
presented a Lender of the Year award to Regions Bank
(link is external), headquartered in Birmingham, Alabama, for its outstanding
support for America’s exports at the 2020 EXIM Annual Conference, the largest
conference in the agency’s history, which is being held virtually September
9-11. Regions Bank presently serves customers in 15 states: Alabama, Arkansas,
Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi,
Missouri, North Carolina, South Carolina, Tennessee, and Texas.
Regions Bank has been an EXIM Delegated Authority Lender since 1994 and an EXIM
Letter of Credit policyholder since 1991. Over the past year, Regions Bank has
processed more than $65 million of letters of credit transactions and is an
assignee lender on several EXIM short-term export credit insurance policies.
In February 2020, EXIM’s Board of Directors unanimously approved an increase
in the delegated authority for Regions, allowing the bank to increase support
for exports of U.S. goods and services from small and medium-sized companies in
the 15 states in which it operates throughout the South and Midwest.
“We are proud to recognize the outstanding efforts of Regions Bank on behalf
of our country’s great small business exporters and the many Americans they
employ,” said EXIM President and Chairman Kimberly A. Reed. “We often hear
from small businesses about how important it is for them to have a reliable
commercial lender they can count on to help them grow and expand their
businesses. Regions has been a strong partner with EXIM to help businesses
compete and win in the global marketplace, and I’m proud they are being
honored for their efforts.”
“Regions Bank has always enjoyed the partnership and the benefits that EXIM
provides to assist our clients with their export needs. Our clients can leverage
the program to obtain much-needed working capital which would not be available
under normal circumstances,” said Donald N. McCorkell, Jr., senior vice
president of the Global Trade Group at Regions Bank.
Regions Financial Corporation 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, and mortgage products and services. Regions serves
customers across the South, Midwest and Texas, and through its subsidiary,
Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs.
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