REGIONS FINANCIAL CORPORATION

Transcription

1 REGIONS FINANCIAL CORPORATION P.O. Box Birmingham, AL Phone: (205) Fax: (205) _diversity_at_regions.rf LOCATIONS 16-state footprint includes offices in: Alabama Arkansas Florida Georgia Iowa Illinois Indiana Kentucky Louisiana Mississippi North Carolina Missouri South Carolina Tennessee Virginia DIVERSITY LEADERSHIP John Hudson Senior Vice President, Corporate Diversity and Public Affairs CAMPUS RECRUITMENT Jennifer Parker Vice President, Management Associate Program Manager THE STATS Total in the U.S Total outside the U.S Total worldwide Number of employees Number of minorities Hispanic/Latino Number of minorities retained five years or more 27,975 8,158 1,386 2,623 30,782 8,885 1,443 2,985 Asian African-American/Black 92 5, ,558 Alaska Native/American Indian Native Hawaiian/Pacific Islander career message boards, expert resume reviews, the Vault Job Board and more. 253

2 STRATEGIC PLAN AND DIVERSITY LEADERSHIP How does the firm s leadership communicate the importance of diversity to everyone at the firm? Website Company intranet Monthly officers meetings Social responsibility report Sustainability report Annual training Who has primary responsibility for leading overall diversity initiatives at your firm? John Hudson, senior vice president of corporate diversity and public affairs. Who has primary responsibility for diversity recruiting initiatives at your firm, if different from above? Human resources (corporate recruiting) Does your firm currently have a diversity committee? Yes. Does the committee s representation include one or more members of the firm s management/executive committee (or the equivalent)? Yes. How many senior managers are on the committee, and how often did the committee convene in furtherance of the firm s diversity initiatives in 2008? Regions has several committees that focus on diversity. These committees meet periodically throughout the year. Total senior managers on committee: Several Number of diversity meetings annually: Several If you have more than one diversity committee, please list: Mortgage division; geography/business unit-based committees Vault.com, Inc.

3 Does the committee(s) and/or diversity leader establish and set goals or objectives consistent with management s priorities? Yes. Has the firm undertaken a formal or informal diversity program or set of initiatives aimed at increasing the diversity of the firm? Yes, formal. How often does the firm s management review the firm s diversity progress/results? Monthly. How are the firm s diversity committee(s) and/or firm management held accountable for achieving results? Annual goals (diversity performance). How are the members of the diversity committee or committees involved in diversity activities? Recruitment and retention Supplier diversity Community outreach Strategic partnerships/alliances Corporate giving Marketing Business unit initiatives RECRUITMENT Please list the schools/types of schools at which you recruit. Public state schools: Auburn University, Florida Gulf Coast University, Florida State University, Georgia State University, Indiana State University, Indiana University, Louisiana State University, Mississippi State University, North Georgia College, Purdue University, SIU Edwardsville, Southeastern Louisiana University, St. Louis University, Texas A & M University, University of Alabama, University of Alabama at Birmingham, University of Central Florida, University of Florida, University of Georgia, University of Indianapolis, University of Louisiana Lafayette, University of Louisiana Monroe, University of Memphis, University of Mississippi, University of career message boards, expert resume reviews, the Vault Job Board and more. 255

4 Missouri, University of Missouri St. Louis, University of South Florida, University of Southern Mississippi, University of Tennessee, University of Tennessee Chattanooga, University of Texas in Austin, University of Texas in Dallas Private schools: Baylor University, Birmingham Southern College, Emory University, Rollins College, Samford University, Southern Methodist University, Tulane University, University of the South, Washington University St. Louis Historically Black colleges and universities (HBCUs): Florida A&M University, Harris-Stowe State College, Jackson State University, Morehouse College, Spelman College, Tennessee State University, Texas Southern University, Tuskegee University, Xavier University Hispanic-serving institutions (HSIs): Florida International University, University of Houston, University of Miami Other predominantly minority and/or women s colleges: Spelman College Do you have any special outreach efforts directed to encourage minority students to consider your firm? Hold a reception for minority students: New class of INROADS interns Conferences: National Black MBA Association, National Association of Black Accountants Advertise in minority student association publication(s) Participate in/host minority student job fair(s) Firm s professionals participate on career panels at school Outreach to leadership of minority student organizations Scholarships or intern/fellowships for minority students Holy Family Cristo Rey What activities does the firm undertake to attract women and minorities? Conferences: National Black MBA Association Participate at minority job fairs: YWCA, Urban League Job Fair Seek referrals from other professionals Utilize online job services Do you use executive recruiting/search firms to seek to identify new diversity hires? Yes Vault.com, Inc.

5 List all women- and/or minority-owned executive search/recruiting firms to which the firm paid a fee for placement services in the past 12 months: McMillan & Associates Who is the person in charge of attracting women and minorities to the firm for lateral recruiting? Lisa Narrell-Mead, executive vice president, employment counsel and manager of associate relations INTERNSHIPS INROADS Deadline for application for the internship: April 30, 2009 Number of interns in the program in summer 2008: 17 Pay: Freshmen ($9.25/hour); Sophomore ($10.25/hour); Junior ($11.25/hour); Senior ($12.25/hour) Length of the program: 12 weeks Percentage of interns in the program who receive offers of full-time employment: 30 percent Website for internship information: SCHOLARSHIPS Regions-UNCF (United Negro College Fund) Scholarship Deadline for application for the scholarship program: Mid-September to mid-october Scholarship award amount: $7,500 Website for scholarship: The award is given to deserving students at a UNCF institution within the Regions Financial Corporation 16-state footprint. The award winners are selected by the deans of the schools of business. The scholar would have matriculated through the institution to the point of being a student in the school of business. career message boards, expert resume reviews, the Vault Job Board and more. 257

6 Regions Dependent Scholarship Program Deadline for application for the scholarship program: February of each year Scholarship award amount: Renewable $7,000 award, for up to four years with a total value of $28,000. Contact information for scholarship: Regions Human Resources The Regions Dependent Scholarship Program accepts applications from eligible dependents of Regions associates. The following requirements must be met: Dependent plans to be a full-time undergraduate student in an accredited college or university for academic year Dependent has a 2.5 grade point average or better Family adjusted gross income does not exceed $80,000 annually Listed as a dependent on parent s income tax return Be the child/legal dependent of an active associate who has been employed with Regions at least 90 days at the time the scholarship is awarded Write and submit an essay on career aspirations Selection criteria are based on the following: Academic achievement Extracurricular and community involvement Evidence of commitment to goals as reflected in the student s essay Financial need ENTRY-LEVEL/TRAINING PROGRAMS LEADING TO FULL-TIME OPPORTUNITIES AND ROTATIONAL PROGRAMS Management Associate Program Length of program: Two-and-a-half months (plus two-and-a-half additional months for commercial banking candidates) Geographic location(s) of program: Alabama, Florida, Mississippi, Tennessee, Georgia, Louisiana, Missouri, Texas and Indiana Please describe the training/training component of this program: High level training through each line of business within the organization Leadership, team building and bank simulation training Vault.com, Inc.

7 Credit training for commercial and business banking Specific training for the position once deployed to market Community service projects Please describe any other educational components of this program: Sponsor and cosponsor support Branch Leadership Academy Length of program: Eight months Geographic location(s) of program: Footprint-wide The Branch Leadership Academy is designed for high potential assistant branch managers who want to gain an edge and prepare themselves for the next step in their careers. Candidates apply to the program and participate in a selection process. The eight month program consists of training classes and workshops led by local leadership and trainers focusing on developing business banking, leadership and people management skills. Participants are given assignments throughout the program to apply skills and present to area management. Project Corporate Leadership Length of program: Seven months Geographic location(s) of program: Birmingham, Ala. The Project Corporate Leadership Program (PCL) is designed for upwardly mobile managers and professionals in the Birmingham region. Diverse candidates are nominated for the program by senior executives within the company and selected by the PCL steering committee. The seven-month program consists of training and development sessions designed to improve business skills, enhance career progress, increase awareness of the importance of diversity and support service to the community. Sessions are conducted by top business professionals and community leaders. Please describe any other educational components of this program: $2,000 DIVERSITY MISSION STATEMENT We are Regions. And ours is a vibrant mission. Make life better. Make life better for associates. Make life better for our customers. Make life better for our communities. This is our roadmap to success. Our roadmap to create strong, consistent shareholder value. career message boards, expert resume reviews, the Vault Job Board and more. 259

8 Our strategic approach to diversity supports this overall mission by recognizing that developing and utilizing all of our available resources are critical to meeting our business objectives. Our company has a personality a culture that is unique. Our personality is fresh and vibrant and moreover, we believe it s something that sets us apart in a crowded marketplace. Our company s personality also recognizes the importance of anticipating and adapting to changes in our business, our customers, our communities, our workforce, and our shareholders. Just as successful investment portfolio performance is built on diversity in each asset class, our effectiveness in being successful as a business is built on leveraging the diversity of our resources in terms of backgrounds, experiences and ways of thinking. Our fundamental belief is that doing what is right, putting people first, reaching higher, focusing on your customer and enjoying life are what define us as a company and are the keys to our continued success. As we work to incorporate diversity into who we are and how we work, we recognize that: Putting people first requires that we recognize and value individuals and our differences leveraging the benefits realized from a broad range of ideas, viewpoints and backgrounds working together to produce superior products and services for a diverse marketplace; Doing what is right requires that we treat all associates, customers and suppliers fairly, with dignity and respect; Reaching higher requires that we raise the bar on our performance by strategically and effectively utilizing and valuing similarities and differences in people to create a broad, richer work environment that encourages creative thinking and solutions. Focusing on your customer requires that we know our customers, understand their needs, recognize demographic shifts and strategically align business resources to adapt to the shifts; Enjoying life is the benefit we receive by living by our values, which promote and encourage diversity. Our mission at is to make life better, and we will do it by living by our values. Valuing, managing, and leveraging the diversity of all of our resources is the only way to be successful. ADDITIONAL INFORMATION Regions commitment to diversity focuses on recruiting and leveraging the talents of a diverse associate population, serving a diverse customer base and acting as a catalyst for progress in the communities we serve Vault.com, Inc.

9 Various recruitment strategies are used to attract talented minority associates to Regions. One example is the company s partnership with INROADS, a nonprofit organization that trains and develops talented African-American, Hispanic and Native American youth for professional careers in business and industry. Regions offers the students intensive internships that often lead to future employment. In 2008, the company also participated in various high-profile conferences and job fairs, such as those organized by the National Urban League and the National Black MBA Association, in order to develop a network of talented minority prospects. Regions serves customers with a diverse range of goals and objectives. One example is the bank s emerging markets program, which tailors banking services to the needs of women and minority small business owners. Designated emerging markets bankers serve Regions customers in Birmingham, Ala., Memphis, Tenn., and St. Louis, Mo. They reach out to business leaders and aspiring entrepreneurs through events such as the Birmingham Hispanic Business Chamber s annual breakfast meeting and the A.G. Gaston Conference. Regions strives to work with women and minority vendors through its supplier diversity program. In 2008, Regions contributed to historically black Miles College in Fairfield, Ala., for the Miles Ahead Capital Campaign. A similar commitment was made to Fisk University in Nashville, Tenn. Additionally, Regions has assisted Fisk in the establishment of the Regions Financial Literacy and Community Outreach Center, which serves both the college and North Nashville communities by offering economic education and sound financial planning skills. Regions funded two annual Regions-UNCF (United Negro College Fund) scholarships for students studying business at a UNCF member institution. The first two recipients were students at Fisk University in Nashville, and Morehouse College in Atlanta. As presenting sponsor of the inaugural Black Achievers Awards Gala in 2008, Regions helped to recognize the achievements of African-American leaders from across the company s home state of Alabama. Regions commitment to diversity is making life better for associates, customers and communities. career message boards, expert resume reviews, the Vault Job Board and more. 261