Regions Bank

Regions Financial Corporation is a publicly held company based in Birmingham, Alabama. The company provides of retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services to consumers.

In 1998 Regions bought out First Commercial in Little Rock Arkansas. All First Commercial Banking Locations were renamed to Regions Bank.  In December of 2000, Regions purchased Memphis-based securities brokerage firm Morgan Keegan for $789 million.  On January 24, 2004, the Regions Bank subsidiary announced that they would be merging with Memphis, Tennessee-based Union Planters Bank in a $5.9 billion transaction.  In 2005, Regions Financial Corporation had assets of $84.6 billion, earning Regions a spot among the top 15 banks in the United States.

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To date, Regions Bank operates more than 1,300 offices throughout 16 states in the South, Midwest and Texas.  Regions Bank specializes in offering consumers a variety of lending options that fit both the needs and budget of customers.  For those who are interested in debt consolidation, consider some of the following loan options that are currently available to customers through Regions Bank:

Personal Lines of Credit
Regions Bank offers two types of unsecured lines of credit.  The features and benefits of each are outlined below.

Preferred Line of Credit

• Draw on your line whenever you need to, simply by writing a Preferred Line check for $100 or more, up to your credit limit.

Premium Line of Credit

• Provides overdraft protection on most Regions checking accounts;
• Advances are made in $100 increments up to your credit limit;
• Your minimum monthly payment is automatically deducted from your checking account.

Equity Asset Line

• Flexible, renewable line of credit secured by the equity in your home;
• Introductory rate of 5.25% APR, fixed for 4 months;
• Rates as low as 7.00% APR after 4 months;
• Up to 100% LTV (loan-to-value);
• Drawing on the line is as easy as writing a check, from $100 up to your credit limit;
• No closing costs;
• No annual fee for the first year;
• Interest may be tax-deductible.

Home Equity Loans
A Regions Home Equity Loan offers you flexible terms and the convenience of a fixed monthly payment:

• Secured by the equity in your home;
• Your choice of fixed or variable interest rate;
• Distributed in one lump sum;
• Low payment options with a variety of terms;
• Interest may be tax-deductible.

Consolidate your debt and lower your monthly payments now >>