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Regions Financial Corp. Added to
KLD's Domini 400 Social Index
BOSTON,
MA - May 24, 2005 - KLD
Research & Analytics, Inc. announced today that Regions
Financial Corp. (RF) has been added to KLD's Domini 400
SocialSM Index (DS 400
Index). Regions Financial is headquartered in Birmingham,
Alabama.(DS 400 Index).
Regions
Financial provides community banking, mortgage banking
and treasury services. The company has bank branches in
Alabama, Arkansas, Florida, Georgia, Louisiana, North
Carolina, South Carolina, Tennessee and Texas.
Reasons KLD added
the company to the Domini 400 Social Index
- Regions Financial
has a strong record in the area of small business loans.
In January 2003, the U.S. Small Business Administration
(SBA) ranked Regions Financial as the number one small
business-friendly lender in fiscal year 2001. The company
was also ranked first in the United States, for two
consecutive years, in a separate Community Reinvestment
Act (CRA) analysis that evaluated SBA lending.
- The company's Union
Planters subsidiary, acquired in 2004, has various loan
programs that target low and moderate-income lenders.
Union Planters participates in HomeSAFE Memphis, a refinance
program that helps borrowers free themselves of "predatory"
first mortgages loans. Union Planters has committed
$10 million to a lending program for low and moderate-income
neighborhoods and designated a mortgage-lending officer
to focus on those neighborhoods. In addition, the company
collaborates on a home improvement loan program run
specifically to avoid abusive lending in home improvement
borrowing.
- The company has strong
representation of women and minorities on its board.
Four of the company's 26-member board of directors are
women or minorities.
- Regions Financial has
a cash profit-sharing program for all full-time employees.
About the KLD Family of Indexes
KLD’s
family of social, environmental and sustainability indexes
includes: the Domini 400 SocialSM
Index (DS 400 Index), launched in 1990, the established
benchmark for measuring the impact of social screening
on financial performance; the KLD Catholic Values 400SM
Index, launched in 1998, modeled on KLD's DS 400 Index;
the KLD Broad Market SocialSM
Index (KLD BMS Index), launched in 2001, the screened
subset of the Russell 3000® Index; the
KLD Large Cap SocialSM
Index (KLD LCS Index), launched in 2001, the screened
subset of the Russell 1000® Index; the
KLD NASDAQ Social Index (KLD NS Index), launched in 2002,
modeled on the NASDAQ Composite Index; and the KLD Select
SocialSM Index, launched
in 2004, the first US index maximizing sustainability
factors.
About KLD Research & Analytics,
Inc.
KLD Research & Analytics, Inc. is an independent investment
research firm providing investment management tools used
by professionals to serve clients requiring investment
strategies based on social and environmental responsibility.
KLD products and services, including Socrates (a web-based,
company research tool) are used for screening, compliance
and asset gathering.
For more information about KLD or its family of Indexes,
please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270) or via
e-mail (kagredo@kld.com).
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