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Regions Bank renews $1.5 billion commitment to Alabama Economic Development Loan Pool

BIRMINGHAM, AlabamaIt’s a source of capital that has financed nearly $3 billion in business activities since it was launched.

It has helped Alabama land major new employers. It is helping small businesses expand their operations. And it is helping create or sustain thousands of jobs.

But ask Kirk Barrett what he sees as the greatest impact of Regions Bank’s Alabama Economic Development Loan Pool, and he will not point to business construction or expanded payrolls.

Barrett is chief operating officer of Haynes Ambulance of Alabama. Last year, Haynes turned to Regions for loan pool financing to help the company bring air ambulance service back to Alabama’s River Region, including Montgomery and surrounding counties.

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World Trade Conference focuses on opportunities in Africa

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