Regions Bank is a banking subsidiary of Regions Financial Corporation (United States). Regions Bank operates as a universal bank in the South, Midwest, and Texas, providing retail, private and corporate banking products and services as well as asset management and insurance.
Regions Bank has Category B banking license number 91025 issued by the Cayman Islands Monetary Authority. This type of license allows Regions Bank to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Regions Bank failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Regions Bank failure its depositors will not be paid out any compensation.