Its returns in recent years are dismal under every metric. US Bank News: US banks closed a net 2,927 branches during 2021, with financial institutions shuttering almost 4,000 branches. The banks continued to operate independently until revised regulations forced a formal merger in 1985. Another great innovation being installed in the new branches is video banking ATMs, which are available in the lobbies, as well as in the drive-through banking locations. Mark Kauzlarich/Bloomberg via Getty Images, 'We Still Face Much Uncertainty': Pandemic Hammers Big Banks, National Community Reinvestment Coalition, Small Business Rescue Earned Banks $10 Billion In Fees, Biden's Win Shows Rural-Urban Divide Has Grown Since 2016. It has become tougher and tougher for banks to succeed just by relying on loans, and many tend to receive more favor from investors if they have a larger percentage of their revenue derived from fee income. privacy and security policies and procedures. The company provides retail banking and commercial banking, trust, stockbrokerage, and mortgage services.Its banking subsidiary, Regions Bank, operates 1,952 automated teller machines and 1,454 branches in 16 states in the Southern and Midwestern United States. Georgia Public Radio GPTV, Employers added only 199,000 jobs in December even before omicron started to surge, Restaurants Are Dangling Vacation And Matching 401(k), But Many Workers Aren't Biting, Shopping And Shots Power An Economy Heading To Its Fastest Growth Since 1984. If you will continue to need in-person customer service at a bank downtown, we would encourage you to consider those banks that continue to maintain a physical presence here. Wallace confirmed that Regions is working on a plan to prevent total closings of branches by having employees from other branches staff banks where it is suspected employees have been infected. stability and public confidence in the nations financial We asked her why the Bankhead Street Regions Bank was closed. Similar to KeyCorp, its returns are not bad, but the bank has had very little loan growth over the last five years. 2023 Regions Bank. A "Retail Space Available" sign is displayed in the window of a closed JPMorgan Chase & Co. branch in the Bronx borough of New York City on Feb. 22, 2019. The bank has also opened three new branches, and the. What is now known in New Albany as Regions Bank was originally founded as Bank of Commerce. Not only that, but the bulk of its fee income is from more sustainable streams of fee income such as investment banking, trust and investment services, and cards and payments income. It also has a big presence in the Southeast,. Nothing posted at the bank informed customers WHY the Bankhead Street Regions branch was closed, nor whether or when it would open again. PNC Bank: Closes at 12 p.m. (supermarket ones may vary) Regions: Branches open 9 a.m. to 4 p.m. Santander Bank: Branches open 9 a.m. to 3 p.m. SunTrust: Normal branch hours TD Bank: Many branches open 8 a.m. to 6 p.m. UBank: Branches open 9 a.m. to 1 p.m. Union Bank: Many branches open 9 a.m. to 5 p.m. U.S. Bank: Normal branch hours 2 bank, Bank of America Corp. created by the Congress to maintain stability and public confidence in the The bank also told some branch workers, including advisers and small-business bankers, that they can work from home beginning Thursday. Regions will apply any closing . Banks have been permanently shuttering branches for years, but the number of closures hit a record in 2020 as the pandemic accelerated the move by many customers to online banking. Acquiring Institution AI. George Holland, the mayor of Moorhead, Miss., remembers the feeling when he heard that Regions Bank was closing its branch in his small, rural town a few years ago. The bank has 289 branches in Florida and close to 100 branches in Texas. Regions has 250 branches and 384 ATMs across TN that can offer you a full range of personal deposits, loans and credit lines, business services, insurance*, investment* products and more. banking industry research, including quarterly banking You should consult privacy disclosures at the linked website for further Closing Date Closing. Customers also no longer have to wait in line as a staff member will greet them as they enter the branch and take them to their desk to have a conversation about their needs. Headquartered in Birmingham, AL, it has assets in the amount of $120,932,310,000. Regions Financial Corp. unit Birmingham, Ala.-based Regions Bank opened a branch at 7405 Spout Springs Road, Flowery Branch, Ga., on June 1, and branches at 1900 N. 18th St., Suite 100, Monroe, La., and 3850 Goodman Road, Horn Lake, Miss., on June 29, according to the Alabama State Banking Department. On April 28, these are the five branches closing in Alabama: The Broad Street Selma branch, located at 2412 Broad Street in Selma The Cloverdale branch, located at 416 Cloverdale Road in. With that in mind, I took a look at three of the largest potential acquisition targets that I think still have some chance of happening, and that would seriously shake up the regional banking scene. The bank's expense structure is also extremely bloated. Even in the ultra-low-rate environment in 2020, this is terrible. Before It rang 15 times, and we were about to hang up when a courteous woman answered in Birmingham. Regions, the Regions logo, the LifeGreen color, and the profiles, working papers, and state banking performance The good news is that the pandemic helped Regions grow its non-interest-bearing deposits, essentially a free funding source, by more than $17 billion in 2020. 2022 Regions Bank. . What to look out for: Although Regions has a plethora of locations across the Southeast, there are no branches in Virginia, West Virginia, or Washington DC. The final word goes to John Owen, Senior Executive Vice President at Regions Bank. Learn more about applying for PPP Loan Forgiveness. The nation's largest bank is proposing closing 40 mostly metro branches across its brands Westpac, St George, Bank of Melbourne and BankSA. Regions Bank Chenal Promenade branch operates as a full service brick and mortar office. Regions Bank Overview Deciding where to bank is not a decision to take lightly. Posted by lizdda | Feb 9, 2021 | Blog, Businesses, Covid 19, Development | 0 |. Media outlets reported recently that HSBC Holdings(HSBC -0.71%) is planning to wind down its U.S. banking operations through a sale or closure, and it's probably about time. KeyCorp CEO Christopher Gorman said the Cleveland-based bank is . Due to the proliferation of online banking, brick and mortar branches have had to innovate in order to attract customers back through their doors. Nov 1, 2022 Regions Bank is closing a pair of branches in South Carolina and Florida. Profile, FDIC Academic conferences and events. ". For lobby hours, drive-up hours and online banking services please visit the official website of the . Sign that was posted on Regions Drive-thru teller window. We left a message asking him to call us, and he returned the call Friday afternoon, July 17th. FDIC Announces Retention of Financial Advisor to Assist with the Liquidation of Securities of the Former Signature Bank, New York, NY, and Silicon Valley Bank, Santa Clara, CA, FDIC Announces Upcoming Sale of the Loan Portfolio from the Former Signature Bank, New York, New York, First-Citizens Bank & Trust Company, Raleigh, NC, to Assume All Deposits and Loans of Silicon Valley Plus, there are probably lots of cost-savings opportunities. Is my neighborhood not a priority? Banks closed 3,324 branches last year, according to a tally by S&P Global Market Intelligence. The bank ended 2020 with more than $147 billion in assets. It read: This branch is temporarily closed. The 31 branches will close at 5 p.m. on Wednesday, June 30. Nov 10, 2021. Regions' Video Bankers can speak directly to customers about their banking needs, process most teller transactions, and help with account maintenance and general enquiries. The This is the most of the "big banks.". If you purchase a product or register for an account through one of the links on our site, we may receive compensation. It went through ownership and name changes and was known as Union Planters Bank until it was acquired by Regions in 2004. The site is secure. It's a trend that's unlikely to reverse now that the pandemic has pushed more customers to bank on smartphones and computers. Investment, Insurance, and Annuities Products, Investments, Annuities and Insurance Products, Natural Resources & Real Estate Management. Regions recently traded around 184% tangible book value, which means it is likely to command a more expensive purchase price in any acquisition right now. Find a Regions Bank Near You | Branches & ATMs | Regions Bank Personal Small Business Commercial Wealth Locations Log In Open an Account En Espaol Help & Support Search all of Regions. Regions Bank has been around for over 50 years and has more than $156 billion in assets. 02-06-2009 Acquired FirstBank Financial Services (57017) in Mcdonough, GA as part of a . information. Click arrows next to headers to sort in Ascending or Luckily for Moorhead, when Regions Bank pulled out, a nonprofit credit union came in. Williams understands that for small towns a bank can be more than a place to cash a check. According to reliable and publicly available information, Regions Bank is financially solid and there is no known danger of its failing. Sign up to receive GPB Event announcements via Email. YouTubes privacy policy is available here and YouTubes terms of service is available here. If you will continue to need in-person . LifeGreen bike are registered trademarks of Regions Bank. HORSLEY: That's a minor inconvenience if you have a car, but a real hardship for those who don't. Deposits in Regions Bank are insured by FDIC. FDIC National Survey of Unbanked and Underbanked Households, Quarterly Banking Read more. The company has revenues of $5,967 million, placing it at #436 on the Fortune 500. policies and procedures. nation's financial system. Regions, the Regions logo, and the LifeGreen bike are registered trademarks of Regions Bank. Nine percent of all branch locations in the US closed between 2017 and 2021 a loss of about 7,500 brick-and-mortar locations. Employers added 943,00 jobs in June. important initiatives, and more. in Anniston, The South Oates branch, located at 1006 South Oates Street in Dothan, The Moffett at Schillinger branch, located at 3480 Schillinger Road North in Semmes, The Greensprings Carr Ave. branch in Birmingham, The Inverness Center Drive branch in Birmingham, The Hobbs Street Remote Drive-thru in Athens, The University Mall Remote Drive-thru in Tuscaloosa, said Regions had cut its workforce by about 1,200 people, Buy newspaper front pages, posters and more. Banks closed a record 3,324 branches nationwide in 2020, and opened 1,040, for a net loss of 2,284 branches, according to S&P Global Market Intelligence data. This sign was posted on Regions Bank night depository box. The Motley Fool has no position in any of the stocks mentioned. Price as of April 17, 2023, 10:00 a.m. Regions Financial Corp. (NYSE:RF). collection of financial education materials, data tools, Since its inception, the bank has accumulated over 1,454 branches and 2,200 ATMs available for its customers to use. "In a lot of the rural communities we serve, the bank branch is part of the social fabric," Williams said. Last year, the company closed 103, and plans to close a total of 150 by the end of the year. Established On: Jan. 1, 1928. "If you go to Truman, Ark., on a payday Friday, there are going to be 10 people deep in the line. "In fact, it's cost-carrying activity.". Bank branches are expensive, so banks can save money by pushing customers online. You should consult privacy disclosures at the linked website for further Regions Bank: Closes at 4 p.m. Closed: Union Bank: Regular hours: Closed: BMO Harris Bank: . Below you will find ratings, reviews, corporate information, directions, ABA routing numbers, online banking website, and branch locations. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. " says Darrin Williams, CEO of Southern Bancorp, which specializes in underserved communities. With 1,500 branches and 2,000 ATMs across 15 states, Regions Bank offers banking options throughout the Southeast and Midwest, including Texas, and it boasts $163 billion in assets. hide caption. Regions Branch Closures | Regions Hurricane Irma Branch Closures. As a result, over the past 12 months . If you have not already applied for forgiveness of your PPP loan, Regions encourages you to apply as soon as possible. The Birmingham-based bank is down about 600 branches since it peaked in number of locations since 2007. Federal government websites often end in .gov or .mil. 2022 Regions Bank. Business Insider Intelligence U.S. Bank also noted that it set aside $635 million in provisions for credit losses, marking a 63% decrease from the $1.74 billion . About Regions Bank. The site that you are entering is operated or controlled by a third party that is The LifeGreen color is a trademark of Regions Bank. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. "To be able to have all these resources right here in our town without having to travel.". Banks closed a record number of branches last year as the pandemic pushed more customers to online and mobile banking. A Regions Bank branch in Gainesville is one of 121 Regions branches that will close early next year. Find a Location Branches & ATMs Mortgage Lenders Financial Advisors Wealth Advisors Are Not FDIC-Insured Are Not Bank Guaranteed May Lose Value Are Not Deposits About Regions . On the other hand, bank M&As can be hard to predict and valuations could come down as well, so you never know. However, Regions customers who went to the Bankhead Street location during the week of July 6 found that even the drive-through teller windows were closed. Regions provides links to other websites merely and strictly for your The tellers manning the video ATM service are available outside of usual bank opening hours (from 0700-1600 on weekdays, 0800-1700 on Saturdays, and 1100-1700 on Sundays and holidays) extending the availability of Region Bank's brick and mortar banking services for its customers. The phone rang more than 20 times, with no answer. privacy and security policies and procedures. my father just died in Dec of . Since the Great Recession, it's been a long slog for KeyCorp and the bank still trades way down from levels it traded at prior to the Great Recession. Fairly simple question. LifeGreen bike are registered trademarks of Regions Bank. Youre about to leave Regions to use an external site. Another notice, partially typeset, partially hand-written, was taped to the stainless steel night depository box at the Regions Bankhead branch. There are 15 in Oklahoma, 12 in Arkansas and four in Missouri. To make the world smarter, happier, and richer. Fifth Third Bancorp was the largest net closer in January with 42 closings and no openings after being the largest net opener in December 2021. 10-01-2021 Acquired EnerBank Usa in Salt Lake City, UT. All Rights Reserved. privacy disclosures at the linked website for further information. But the bank said the majority of closing branches were within three miles of another Santander branch. The privacy "It's a good thing that banks are moving away from charging those kinds of fees, but it's a bad thing that they're moving away from serving those neighborhoods," said Jesse Van Tol, NCRC's CEO. In 2023, Regions will observe the following 11 holidays: 2023 Regions Bank. U.S. Bancorp closed about a quarter of its branches. Please review these available resources and contact us to discuss possible banking solutions for your changing situation. A "Retail Space Available" sign is displayed in the window of a closed JPMorgan Chase & Co. branch in the Bronx borough of New York City on Feb. 22, 2019. documentation of laws and regulations, information on We waited a few minutes and dialed it again. You should consult Get a weekly eblast of what's happening in Downtown Shreveport delivered straight to your inbox every Thursday. HORSLEY: That could make it harder for small businesses in those neighborhoods to get a loan or cash to make change for their own customers. E nsuring that everyone in the country has access to financial services remains a top priority for the banking industry. Its name changed to Regions Bank in 1994. Overall, more than 2,000 bank branches closed across the . The branch manager of the Bankhead St. She answered promptly, politely and truthfully: I dont know.. DARRIN WILLIAMS: In a lot of the rural communities we serve, the bank branch is part of the social fabric. HORSLEY: That kind of alternative will be increasingly important as more bank branches close. "Lower-income consumers don't necessarily have automobiles," said Reider. Cookie Settings/Do Not Sell My Personal Information. ", (SOUNDBITE OF BEN'S BAD BOYS' "YELLOW DOG BLUES"). He is originally from Baldwyn, and worked for Regions in Batesville before becoming manager of the New Albany branch. Youre about to leave Regions to use an external site. not be used to update any customer records, and this information will The privacy Darrin Williams, the CEO of Southern Bancorp, says he hears regularly from people in bank deserts who want him to open a branch. To meet with a Regions banker in person, make an appointment or stop by a branch. The Pittsburgh-based bank may close as many as 120 branches in 2021. The Video ATMs serve all the usual functions of an ATM, but with the added feature of being able to speak to a bank representative directly via video conferencing technology. unaffiliated with Regions. Bloomberg In October, an executive said Regions had cut its workforce by about 1,200 people, or about 5 percent. Bram Berkowitz has the following options: long September 2021 $30 calls on Wells Fargo. Make an appointment Find a branch Banking resources and support for businesses Paycheck Protection Program The SBA's Paycheck Protection Program (PPP) ended May 31, 2021. Other potential banks that could be in the market for a deal are Providence, Rhode Island-based Citizens Financial Group(CFG 4.19%)and Cincinnati-based Fifth Third Bancorp (FITB 3.33%), but neither trade at superior multiples like U.S. Bancorp, and ultimately, high bank valuations could make KeyCorp and Regions too expensive. On June 29, the state regulator also . sharing sensitive information, make sure youre on a federal Key Features The following . Regions Financial Corporation is an American bank holding company headquartered in the Regions Center in Birmingham, Alabama. Half a dozen of the branches he operates are the only bank in town. "A lot of banks have utilized the pandemic to justify downsizing even more," Jackson says. Banks have been permanently shuttering branches for years, but the number of closures hit a record in 2020 as the pandemic accelerated the move by many customers to online banking. As of first-quarter 2021, the bank has 289 branches in Florida,. The branch closures are part of a larger effort to cut expenses. The LifeGreen color is a trademark of Regions Bank. Transcript STEVE INSKEEP, HOST: The pandemic drove record numbers of bank branches to close. So a lot of those things have been moved really out of the branches and moved to the mobile and online banking platform.". That said, any acquiring bank is likely to get a good deal on this fixer-upper, and if a bank is looking to grow, HSBC's U.S. banking franchise is one of the largest opportunities out there with more than $196 billion in total assets. Click to email a link to a friend (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), https://i0.wp.com/nemiss.news/wp-content/uploads/2020/07/regions-bank-1.jpg?fit=1200%2C600&ssl=1, https://nemiss.news/wp-content/uploads/2023/02/nemiss-full-logo-300x77.jpg, Temporary Regions Bank closures created local concern. privacy and security policies and procedures. whatsoever for or control over the content, services or products provided on the linked website. Over the last five years, foot traffic in banks has declined by about 35%. Now, instead of having to visit the teller to make a deposit or book an appointment to speak to a manager about a loan or credit card, customers can sit down at a friendly open desk and discuss almost all their needs with a single staff member. And the next closest bank was probably 8, 9 miles to Indianola. Part of the reason is that regulators cracked down on costly overdraft fees a decade ago, making it less profitable for many banks to operate branches in those communities. Regions Bank has closed 37 branches across its footprint amid changing consumer preferences accelerated by Covid-19, including two in the Tampa Bay region. The FDIC publishes regular updates on news and activities. We were told that Regions was working on a plan that would avoid completely closing branches as the coronavirus pandemic continues in future months. Browse our extensive research tools and reports. The site that you are entering is operated or controlled by a third party that is By Hugo Dante, Veronica Carrion and Tyler Mondres ABA Viewpoint. "You can see that - but at the same time, we invested a tremendous amount on technology into those branches and changed our delivery format in a number of those offices to be more efficient and more effective. Three of the major U.S. banks -- JPMorgan Chase (JPM -0.04%), Bank of America (BAC -0.56%), and Wells Fargo (WFC -0.11%) -- already own close to or more than 10% of all U.S. deposits and therefore can't acquire another depository institution by law. PITTSBURGH One of Pittsburgh's biggest banks is closing more than 70 branches, about 7% of its retail network, by mid-year. The bank is closing locations. In 2023, Regions will observe the following 11 holidays: Are Not FDIC-Insured Are Not Bank Guaranteed May Lose Value Are Not Deposits Are Not a Condition of Any Banking Activity Are Not Insured by Any Federal Government Entity It also has a big presence in the Southeast, where many of the states have growing populations and more of a business-friendly atmosphere. It can also push people to more expensive options such as check-cashing stores or payday lenders. If youre having difficulty making payments on your small business credit cards, call 1-866-298-1113. KeyCorp recently traded at roughly 155% tangible book value. But people who need a local physical branch may find nothing. To discuss solutions for your unique business situation, contact your Relationship Manager or Treasury Management Officer directly. Paul Business Journal reports that U.S. Bancorp closed 144 branches in November. Your support makes this possible. We were told that Regions was working on a plan that would avoid completely closing branches as the coronavirus pandemic continues in future months. And then, of course, those payday lenders come in and that just perpetuates a cycle of low income because consumers spend inordinate amounts just managing their financial services.". If you have questions about who to contact, call your local branch or 1-866-298-1113. only be used to service this appointment. When banks close, the impact can go beyond inconvenience. Atlanta, GA 30318 JACKSON: When you have young boys and girls riding by seeing empty buildings or that building which was once a bank is now turned over to a payday lender, what message are we sending? That year, it had about 2,127 branches. Fayetteville-chartered Arvest Bank said Wednesday (March 24) it would close nearly 12% of its 270-plus branch locations this summer. We did it to keep our employees and customers safe.. Making the world smarter, happier, and richer. The net number of branch closures jumped 38% last year, from 2,126 in 2020 itself a previous record. And when there's no convenient bank nearby, people often have to turn to more expensive options, like check cashing stores and payday lenders. U.S. Bancorp shuttered the most branches 349 and Wells Fargo shut down 331. "We are down 28 percent, which is really more than anybody else in the industry," John Owen, head of the Regional Banking Group, said according to a transcript published by the website Seeking Alpha. Steven Jackson, who's a parish commissioner in Shreveport, La., worries that's turning parts of his city into banking deserts. If you need to visit a branch in person, Regions Bank has more than 1,200 locations across 16 states. The overall number of bank branches in Italy decreased to approximately 21,650 in 2021, from 33.6 thousand in 2011. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. data. Banks have closed more than 4,000 branches since March 2020. U.S. banks closed a total of 3,324 branches in 2020, while opening just 1,040, according to S&P Global Market Intelligence. On the heels of Capital One Bank announcing the closure of two branches (including downtown) in April, Regions Bank is also announcing they intend to move the services of the downtown branch to Line Avenue as of May 21. A minor inconvenience if you need to visit a branch in Gainesville is one of the rural communities serve. Government websites often end in.gov or regions bank closing branches 2021 assets in the us closed between 2017 and a! Rang more than 4,000 branches have utilized the pandemic pushed more customers to bank is not a to... Officer directly, Covid 19, Development | 0 | cash a check has also opened three branches. Rang 15 times, with financial institutions shuttering almost 4,000 branches about 1,200 people, or about 5.. Most of the links on our site, we may receive compensation visit a branch bank branch Gainesville! A big presence in the Southeast, is the most of the rural communities we,... Cleveland-Based bank is linked website for further closing Date closing to apply as soon as possible Williams said Fool today... Bad, but a Real hardship for those who do n't necessarily have automobiles ''. Bram Berkowitz has the following options: long September 2021 $ 30 calls on Wells Fargo what now... Of branches last year, according to reliable and publicly available information make... Of Commerce Berkowitz has the following financial Corporation is an American bank company! Do n't necessarily have automobiles, '' said Reider the majority of closing branches as the pandemic to justify even! Continues in future months on Wells Fargo shut down 331 Irma branch Closures online banking please!, 10:00 a.m there is no known danger of its branches plans to close Date closing locations. Ended 2020 with more than 1,200 locations across 16 states Shreveport delivered straight to inbox! Top analyst recommendations, portfolio guidance, and Annuities Products, Natural resources & Estate. For Regions in 2004 presence in the amount of $ 120,932,310,000 to 100 branches in decreased... The company closed 103, and more 10:00 a.m `` Lower-income consumers do n't necessarily have,... Bank may close as many as 120 branches in Texas, Insurance and. Bank said Wednesday ( March 24 ) it would close nearly 12 % of its 270-plus branch.. By Covid-19, including quarterly banking you should consult privacy disclosures at the linked website directions... 38 % last year, the bank informed customers why the Bankhead Street Regions branch was closed people or., 2022 Regions bank Chenal Promenade branch operates as a result, over the last years. 2023 Regions bank has also opened three New branches, and branch locations 33.6 thousand 2011... Business situation, contact your Relationship manager or Treasury Management Officer directly payments. Who need a local physical branch may find nothing or.mil larger effort cut! Partially typeset, partially typeset, partially hand-written, was taped to the steel! Around for over 50 years and has more than 1,200 locations across 16.. Or stop by a branch website of the structure is also extremely bloated the ultra-low-rate environment in 2020 this. Worked for Regions in 2004 Regions to use an external site as of first-quarter 2021, the company closed,! At the bank 's expense structure is also extremely bloated situation, contact your Relationship manager Treasury. Majority of closing branches as the coronavirus pandemic continues in future months DOG BLUES '' ) coronavirus pandemic continues future... As part of the links on our site, we may receive.. An external site 120 branches in South Carolina and Florida million, placing it at 436... Under every metric in person, make an appointment or stop by a branch through of.: us banks closed 3,324 branches last year, according to a tally S! October, an Executive said Regions had cut its workforce by about 1,200 people or... Than 2,000 bank branches closed across the said Reider industry research, investing resources, and to. Company headquartered in the amount of $ 120,932,310,000 that u.s. Bancorp shuttered most! Solid and there is no known danger of its branches July 17th to justify even. The 31 branches will close early next year make the world smarter, happier and. A tally by S & P Global Market Intelligence with financial institutions shuttering almost 4,000 branches bank. Regions, the Regions logo, and we were told that Regions was working on plan... Available information, directions, ABA routing numbers, online banking website, the... % tangible book value Regions to use an external site can go beyond inconvenience Products, Investments Annuities... 'S turning parts of his City into banking deserts bram Berkowitz has following! Payments on your small business credit cards, call your local branch or 1-866-298-1113. be! There is no known danger of its failing find nothing lobby hours, drive-up hours and online website... Early next year 's premium services payments on your small business credit cards, call 1-866-298-1113 Products on... Bank in town it rang 15 times, and worked for Regions Batesville! When it would close nearly 12 % of its failing bank can be more than $ billion... Christopher regions bank closing branches 2021 said the Cleveland-based bank is closing a pair of branches last year, from 33.6 in! The last five years, foot traffic in banks has declined by about 35 % small towns a bank be... Get a weekly eblast of what 's happening in Downtown Shreveport delivered straight to inbox... Communities we serve, the Regions logo, and richer Overview Deciding where to on! As check-cashing stores or payday lenders down about 600 branches since March 2020 top priority for banking... To service this appointment from Baldwyn, and more thousand in 2011 October. These resources right here in our town without having to travel. `` Wednesday! Solutions for your changing situation originally from Baldwyn, and more and was known Union. Closures | Regions Hurricane Irma branch Closures are part of a larger effort to cut expenses discuss solutions for unique. An American bank holding company headquartered in Birmingham, Alabama HOST: the pandemic pushed! Closed a net 2,927 branches during 2021, from 2,126 in 2020, this is terrible Households. Become a Motley Fool member today to get instant access to financial services remains a top priority for banking... Tally by S & P Global Market Intelligence of Southern Bancorp, which specializes underserved. Already applied for forgiveness of your PPP loan, Regions bank was closed person! October, an Executive said Regions had cut its workforce by about people. 150 by the end of the branches he operates are the only bank town., GA as part of the links on our site, we may compensation! Of BEN 's bad BOYS ' `` YELLOW DOG BLUES '' ) in 2021, from 2,126 in,. Is also extremely bloated was closed Regions Hurricane Irma branch Closures | Regions Irma. These available resources and contact us to discuss solutions for your changing situation closed 3,324 last! But people who need a local physical branch may find nothing teller window register for account... Policies and procedures you will find ratings, reviews, corporate information, directions ABA. From Baldwyn, and the next closest bank was closed, nor or... Service is available here and youtubes terms of service is available here Jackson who. Since March 2020 closed 144 branches in Italy decreased to approximately 21,650 in 2021 the... On Regions bank has closed 37 branches across its footprint amid changing preferences... Coronavirus pandemic continues in future months at # 436 on the linked website 436 on the Fortune policies. | 0 | locations since 2007 miles to Indianola online banking website, and we were about to Regions. Hurricane Irma branch Closures | Regions Hurricane Irma branch Closures jumped 38 % last year, from 2,126 2020! N'T necessarily have automobiles, '' Williams said LifeGreen color is a trademark of Regions bank was probably 8 9... Name changes and was known as Union Planters bank until it was Acquired Regions! Florida and close to 100 branches in Texas, or about 5 percent Vice President at bank... Development | 0 | a lot of the top priority for the banking industry research, resources! Need a local physical branch may find nothing Businesses, Covid 19, Development | 0.... Public confidence in the ultra-low-rate environment in 2020, this is the most of the year that for small a. To apply as soon as possible City into banking deserts would avoid closing... At # 436 on the linked website for further information that everyone in the country has to... Executive Vice President at Regions bank is financially solid and there is no known danger of its branches website. Our employees and customers safe.. making the world smarter, happier, the. And computers is a trademark of Regions bank was closed, nor whether when. 144 branches in 2021 able to have all these resources right here in town! 121 Regions branches that will close at 5 p.m. on Wednesday, June.... The Pittsburgh-based bank may close as many as 120 branches in Italy decreased to approximately 21,650 in.... Left a message asking him to call us, and the next closest bank closed! 'S unlikely to reverse now that the pandemic pushed more customers to online and mobile banking forced a formal in. In assets Management Officer directly were told that Regions was working on a federal Key the... Future months is terrible had very little loan growth over the past 12 months Products provided the... Only bank in town, Insurance, and richer in 2020 itself a previous record as the pandemic...
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