January 2, 2006
Regions Financial Corporation Establishes Endowed Scholarship at UA
TUSCALOOSA, Ala. — Birmingham-based Regions Financial Corporation (NYSE: RF), one of the nation’s Top 10 financial services providers, has again given $1 million to The University of Alabama’s “Our Students. Our Future.” Campaign, establishing the Regions Endowed Scholarship.
“This is a demonstration of the commitment we spoke of this year during the Regions and AmSouth merger regarding the benefits of a financial services powerhouse based in Birmingham,” explains Regions North Central Alabama Area Executive Sam Tortorici. “We are proud to establish the Regions Endowed Scholarship to UA’s campaign to invest in a better future for our students, our customers and our communities.”
In 2005, Regions Financial Corporation donated $1 million to the University in honor of former CEO Carl E. Jones Jr. and his wife Ann Karpinski Jones, both UA graduates. The Joneses matched the gift with a $1 million donation of their own. The gifts established the Carl E. and Ann K. Jones Regions Endowed Scholarship, and bring the total Regions-related donations to UA to $3 million.
The new gift will fund scholarships for both undergraduate and graduate students in the Culverhouse College of Commerce and Business Administration, while also supporting the University’s vision to recruit the best and brightest students.
“Regions Financial Corporation is a long and valued friend of the Culverhouse College of Commerce. This generous gift will be a major tool for the college in recruiting and supporting students who epitomize the Regions journey toward performance excellence,” said Dr. J. Barry Mason, dean of the Culverhouse College of Commerce.
The “Our Students. Our Future.” campaign’s $500 million goal includes $250 million for student scholarships. The remaining funds are allocated to faculty support, facilities and priority needs. The campaign has raised more than $340 million since 2002.