Notice of merger of Regions Bank and EnerBank USA

Effective October 1, 2021, EnerBank USA (“EnerBank”) merged with and into Regions Bank, an Alabama state banking corporation headquartered in Birmingham, Alabama (“Regions”). Although EnerBank is now part of Regions, Regions will continue to operate the EnerBank business under the EnerBank brand for a period of time until branding conversion is completed.

As of the date of the merger, Regions is a party to EnerBank customer forms, disclosures, documents, and agreements that name EnerBank as a party, and those forms, disclosures, documents, and agreements should be read with Regions substituted for EnerBank.

If you are an EnerBank deposit customer:

Your deposits will continue to be insured by the FDIC separately from any deposits you may have at Regions for a period of six months from the merger date (the “Transition Period”). Any deposit you make to an account you open at EnerBank on or after the date of the merger is a Regions deposit for FDIC insurance purposes. Certificates of deposit (CDs) are insured separately until the end of the Transition Period or until maturity, whichever is later. Also, if you have a CD that is renewed for the same term and amount during the Transition Period, the CD will continue to be insured separately until the next renewal date. After the Transition Period, your EnerBank and Regions deposits will be added together for the purpose of determining the amount of your FDIC coverage at Regions. Please visit www.fdic.gov for more information about deposit insurance coverage.