Region’s Bank

This review pertains Region’s Bank Trust Department in Memphis. Background: My mother’s mother retained Region’s trust department in 1950 to manage my Mother’s trust of just under $ 100,000. Years later, in November 2013 (63 years later) the account was worth $ 441,000. During the 63 year period Region’s Trust mismanaged this account and charged yearly fees of a minimum of 2% per year on assets. In 1980, the trust was worth approximately $ 500,000. If Region’s Trust from 1980 had only invested the money in the S&P 500, the trust would have been worth at the end of 2013 a whopping $ 2,250,000. Finally, in November 2013, my husband was able to convince Region’s Trust to relinquish control of this trust valued at $ 441,000. My advice to you is never employ Region’s Trust to manage any family trust or other trust that you have control of — –they will overcharge you and massively underperform!

Representatives are quite rude & treat you like a number.