Corporate Political Activity

Regions believes that transparency regarding our political contributions is important to our shareholders and other stakeholders, so we regularly publish a Government Affairs Report through the Governance Overview page on the Investor Relations section of our website. The report, which contains the Company’s Policy on Political Contributions and our related activities, has been published annually beginning in 2014 and semiannually since 2017. In the report, the Company also sets forth a description of our oversight process for political contributions and a summary of independent expenditures and corporate political giving over the report’s covered period. These reports also disclose trade associations to which Regions paid more than $25,000 in annual dues and the portion of those dues that were non-deductible under the Internal Revenue Code (IRC) as attributable to lobbying expenses.

We believe that these disclosures offer transparency with respect to the Company’s public policy advocacy, and that both our advocacy work and related transparency benefit our shareholders, the Company, our associates and our customers. Regions’ Policy on Political Contributions and our Code of Conduct collectively govern and promote the highest standards of behavior by the Company and our associates with regard to political activities. These policies also support our compliance with all applicable federal and state campaign finance laws.

Like most other public companies, Regions recognizes that decisions made by governmental agencies and lawmakers can have a significant impact on our operations, customers, shareholders and associates. Accordingly, we monitor and track issues that affect our business and express our views to lawmakers and regulators. Regions may make corporate political contributions in states where permissible. These contributions may be directed to state party organizations and candidates for statewide offices, state legislatures and, in rare instances, local offices. Also, where legally permitted, Regions may make independent expenditures or corporate contributions in connection with state and local ballot initiatives and referenda on important policy issues likely to impact our business and our stakeholders. Regions does not, however, make contributions to single-issue political entities organized under Section 527 of the IRC or to special interest lobbying groups organized under Section 501(c)(4) of the IRC to support political activities, even when legally permissible.

Contributions are overseen by a committee comprised of members of the Executive Leadership Team, the Head of Government Affairs, and the Manager of State Government Affairs. The Board receives a report on the Company’s annual corporate contributions and non-deductible portions of trade association dues. Reports are reviewed and certified to be in compliance with the Policy on Political Contributions annually by Regions’ General Counsel.