Regions Bank in Hattiesburg, MS: A Comprehensive Guide to Financial Services
Introduction
Regions Bank, a leading financial institution with a nationwide presence, has a strong footing in the city of Hattiesburg, Mississippi. This comprehensive guide delves into the diverse range of financial services offered by Regions Bank in Hattiesburg, empowering individuals and businesses to make informed decisions about their banking needs.
Services Offered
Regions Bank in Hattiesburg offers a comprehensive suite of financial services tailored to meet the varying needs of individuals and businesses:
Personal Banking
- Checking and savings accounts
- Debit and credit cards
- Online and mobile banking
- Personal loans
- Mortgages
Business Banking
- Business checking and savings accounts
- Commercial loans
- Lines of credit
- Business credit cards
- Treasury management services
Wealth Management
- Investment advice
- Retirement planning
- Trust services
- Estate planning
Additional Services
- Foreign currency exchange
- Safe deposit boxes
- Notary services
Locations and Contact Information
Branches:
-
Main Branch: 4100 Hardy Street, Hattiesburg, MS 39402
-
West Hattiesburg Branch: 7857 Hwy 49 North, Hattiesburg, MS 39402
-
Purvis Branch: 10167 Highway 11 South, Purvis, MS 39475
Contact Information:
- Phone: (601) 268-2230
- Website: www.regions.com/locations/mississippi/hattiesburg
Hours of Operation:
Monday-Friday: 9:00 AM - 5:00 PM
Saturday: 9:00 AM - 1:00 PM
Sunday: Closed
Financial Statistics
As of 2023, Regions Bank is the 4th largest bank in Mississippi by total deposits, with over $1.6 billion in local deposits. The bank has 17 branches and over 150 ATMs statewide.
Table 1: Comparison of Personal Banking Services
| Feature |
Regions Bank |
Competitor A |
Competitor B |
| Checking Account Interest Rate |
0.01% APY |
0.05% APY |
0.10% APY |
| Savings Account Interest Rate |
0.05% APY |
0.08% APY |
0.12% APY |
| ATM Withdrawal Fee (Non-Regions ATMs) |
$3.00 |
$2.50 |
$3.50 |
| Monthly Maintenance Fee (Checking Account) |
$0 (with direct deposit) |
$5 |
$10 |
Table 2: Comparison of Business Banking Services
| Feature |
Regions Bank |
Competitor A |
Competitor B |
| Business Checking Account Monthly Fee |
$10 |
$15 |
$20 |
| Commercial Loan Interest Rate (5-year term) |
4.50% APR |
4.75% APR |
5.00% APR |
| Line of Credit Annual Fee |
$50 |
$75 |
$100 |
| Online Banking for Businesses |
Yes |
Yes |
No |
Table 3: Comparison of Wealth Management Services
| Feature |
Regions Bank |
Competitor A |
Competitor B |
| Minimum Investment for Financial Advice |
$100,000 |
$250,000 |
$500,000 |
| Retirement Planning Services |
Yes |
Yes |
Yes |
| Estate Planning Services |
Yes |
Yes |
No |
| Trust Administration Services |
Yes |
No |
Yes |
Tips and Tricks
- Take advantage of Regions Bank's free financial education webinars to enhance your financial knowledge.
-
Compare interest rates across different accounts and lenders before making any decisions.
- Consider using mobile banking to conveniently manage your finances on the go.
-
Set financial goals and track your progress to stay on top of your financial well-being.
Stories and Lessons
Story 1:
Sarah, a small business owner in Hattiesburg, used Regions Bank's business checking account and line of credit to finance her expanding operations. The bank's low fees and flexible lending options allowed her to access the funds she needed without breaking the bank.
Lesson: Regions Bank can provide tailored financial solutions to support business growth.
Story 2:
John, a retiree living in Hattiesburg, sought Regions Bank's wealth management services to ensure his financial security in his golden years. The bank's experienced financial advisors guided him in creating a customized investment portfolio that met his specific goals.
Lesson: Regions Bank offers comprehensive wealth management services to help individuals plan for their financial future.
Story 3:
Mary, a college student in Hattiesburg, opened a Regions Bank student checking account to manage her finances while studying away from home. The account's low monthly maintenance fee and access to online banking made it easy for her to keep track of her expenses and avoid overdraft fees.
Lesson: Regions Bank provides accessible and affordable banking options for students.
Common Mistakes to Avoid
-
Not shopping around: Don't just settle for the first bank you come across. Compare services and fees from different providers to ensure you're getting the best deal.
-
Ignoring account fees: Some banks charge hefty maintenance fees or overdraft fees. Read the account terms carefully before opening an account.
-
Using a debit card for large purchases: Debit cards are not as secure as credit cards and do not offer the same fraud protection. Consider using a credit card instead.
-
Not tracking your spending: It's easy to lose track of your finances if you don't keep a budget. Regularly review your account statement and monitor your expenses.
How to Open an Account
Opening an account with Regions Bank is a straightforward process:
-
Visit a branch: Find your nearest Regions Bank branch using the branch locator on their website.
-
Bring necessary documents: You will need to provide proof of identification, such as a driver's license or passport, and proof of address.
-
Complete the application: Fill out the account application form and provide the required information.
-
Fund your account: Make an initial deposit to activate your account.
-
Receive your debit card: You will typically receive your debit card within 7-10 business days.
Conclusion
Regions Bank in Hattiesburg, MS offers a comprehensive range of financial services to meet the diverse needs of individuals and businesses. Whether you're looking for personal banking, business banking, or wealth management, Regions Bank is a trusted and reliable partner. By leveraging their expertise and commitment to customer satisfaction, you can confidently manage your finances and achieve your financial goals.
