Regions Bank Generates $7.6 Billion Impact On Alabama Economy, Study Shows

| June 11, 2019 @ 5:00 am

By Regions Doing More Today

Regions Bank had a $7.6 billion impact on the Alabama economy in 2018, according to an economic impact study from nationally recognized consulting firm Tripp Umbach. Based on 2018 data, Regions Bank also:

• Supports both directly and indirectly 32,171 jobs.

• Provides pay and benefits to employees that are on average 46% higher than the average job in Alabama.

• Provides $11.1 million annually to Alabama charities through corporate donations, associate monetary donations and associate volunteerism.

• Supports the local economy through more than $3.3 billion in loans to consumers and businesses across Alabama’s 67 counties, spurring economic activity statewide.

• Generates more than $266.9 million in state and local tax revenue, both directly and indirectly.

To read the full article click here to visit the Alabama Newscenter website.

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