Children’s Program, Community Service Activities Promote Financial Literacy

Regions Financial Corporation (NYSE: RF) announced today its creation of a financial education program, Scholars & Dollars, designed to teach students in grades 4-12 basic financial skills and concepts. The program, which represents Regions’ commitment to promote financial literacy, is being launched in conjunction with the bank’s participation in Community Service 2008, a community service initiative organized by The Financial Services Roundtable.

Regions Bank will offer the Scholars & Dollars program to schools and community groups in various markets across the 16 states the company serves in the South, Midwest and Texas. The Scholars & Dollars curriculum covers checking accounts, saving, money management, and credit and lending. Lessons may be presented by a Regions banker, an educator or other group leader. Course materials, which are available in both a high school version and a middle school version, include a Scholars & Dollars presentation guide for the class leader, flyer/poster, folder, worksheets and flashcards.

“Regions bankers work hard to bring financial skills and resources to our communities every day,” said Scott Peters, chief marketing officer for Regions. “The Scholars & Dollars program provides the opportunity to work with educators to help our children develop the financial skills they will need for the future.”

Janet Parker, Regions executive vice president, Human Resources, who is a member of the President’s Advisory Council on Financial Literacy, said, “Promoting financial literacy in our communities, particularly among young people, is one of the most important ways that we can further the Regions mission of making life better. We also are privileged to work with various organizations within our industry and our communities to help share financial knowledge with people of all ages.”

Community Service 2008 and Financial Literacy

During this summer and back-to-school season, Regions also is marking the importance of financial literacy through its national sponsorship of Community Service 2008, a program by which member companies of The Financial Services Roundtable have committed to helping their communities in hundreds of cities across the United States.