"When you have young boys and girls riding by and seeing empty buildings, or that building which was once a bank is turned over to a payday lender, what message are we sending?" We went on-line and found an Area 205 number for the Regions Bank headquarters in Birmingham, AL. Regions Bank has closed 37 branches across its footprint amid changing consumer preferences accelerated by Covid-19, including two in the Tampa Bay region. U.S. banks closed a total of 3,324 branches in 2020, while opening just 1,040, according to S&P Global Market Intelligence. The FDIC insures deposits; examines and This kind of income tends to fare better in an economic downturn or low-interest rate environment than net interest income from loans. ANDREW CECERE: Seventy-seven percent of our customers are using the digital channel. The branch manager of the Bankhead St. The FDIC publishes regular updates on news and activities. "The reality is, the vast majority of the activity that happens in a branch is not revenue generating," said Steven Reider, who as president of the consulting firm Bancography advises banks on branch locations. Regions, the Regions logo, and the LifeGreen bike are registered trademarks of Regions Bank. 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. hide caption. The site that you are entering is operated or controlled by a third party that is The https:// ensures that you are connecting to Appointment Scheduler is provided by TimeTrade Systems. policies and security at the linked website may differ from Regions' The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. of interest to residents of Northeast Mississippi. Research by the National Community Reinvestment Coalition shows that poor communities, rural communities and areas with a high concentration of Black and brown residents have been hardest hit. A decline in the number of banks and credit institutions in the country has. The LifeGreen color is a trademark of Regions Bank. While JPMorgan is pruning its branch footprint ultimately closing 129 branches, on net de novo branch locations have been a key strategy as the bank expands into new markets. Even though a lot of banking can now be done online, an FDIC survey found that 83% of people still met with a teller or other bank employee at least once during 2019. Regions Bank: Closes at 4 p.m. Closed: Union Bank: Regular hours: Closed: BMO Harris Bank: . U.S. employers added 199,000 jobs in December as the unemployment rate fell to 3.9%, marking a second consecutive month of disappointing numbers. changes for banks, and get the details on upcoming data. All Rights Reserved. information. 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. Regions will apply any closing . policies and security at the linked website may differ from Regions' independent agency created by the Congress to maintain Regions provides links to other websites merely and strictly for your The 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. Read more. 2 bank, Bank of . It is with this shifting customer profile in mind that Regions Bank has set about overhauling the design of its branches. 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? Please consider making a gift today to support this vital public service. important initiatives, and more. (SOUNDBITE OF BEN'S BAD BOYS' "YELLOW DOG BLUES") Transcript provided by NPR, Copyright NPR. The pandemic drove record numbers of bank branches to close. FDIC Extends Bid Window For Silicon Valley Bridge Bank, N.A. With its wide variety of account options, you can tailor what Regions' offers to your specific needs. Updates story to note that when Regions Bank closed its branch in Moorhead, Miss., the bank donated its building to Hope Credit Union's parent company and provided funding to facilitate a smooth transition. The Pittsburgh-based bank may close as many as 120 branches in 2021. Regions is planning to close 27 branches by April 28. Regions Financial to Build on Capital Markets Growth with Acquisition of Clearsight Advisors. The 31 branches will close at 5 p.m. on Wednesday, June 30. only be used to service this appointment. 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. Oct 28, 2021 Birmingham's largest bank posted solid growth in its most recent financial report, and leadership says it's because of three primary factors. You should consult privacy disclosures at the linked website for further SCOTT HORSLEY, BYLINE: Moorhead, Miss., is a town of under 2,000 people in the heart of the Delta. Bank branches are expensive, so banks can save money by pushing customers online. Customer information provided in order to set up this appointment will HORSLEY: That's a minor inconvenience if you have a car, but a real hardship for those who don't. State St. Cert Cert. In its place are stations staffed by bankers versed in a wide knowledge of the bank's products and services. Youre about to leave Regions to use an external site. So if you go to Trumann, Ark., on a payday Friday, there are going to be 10 people deep in the line. Find Branches Near Me. JPMorgan Chase & Co. was the largest net opener in January with two new branches, while closing none. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. collection of financial education materials, data tools, 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. The shares of branches closed during COVID-19 is calculated from the sample of branches that had a closing date between March 11, 2020, and July 20, 2021. 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. 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. the official website and that any information you provide is The future of brick and mortar banking is set to be a hot topic at Future Branches 2018 this December in Austin, Texas. So a lot of those things have been moved really out of the branches and moved to the mobile and online banking platform.". . And bank branch closures are especially affecting isolated neighborhoods in big cities or towns like Moorhead a largely African American community in the heart of the Mississippi Delta. The LifeGreen color is a trademark of Regions Bank. The site is secure. Regions Bank was founded as First Alabama Bancshares in 1971. (To put that number, which doesn't include temporary closings due to COVID-19, into context, 1,391 branches closed in 2019.) Browse our Posted by lizdda | Feb 9, 2021 | Blog, Businesses, Covid 19, Development | 0 |. only be used to service this appointment. It rang 15 times, and we were about to hang up when a courteous woman answered in Birmingham. Banks closed. Learn more about applying for PPP Loan Forgiveness. Mayor George Holland says the local bank branch pulled up stakes a few years ago. convenience. Over the last five years, foot traffic in banks has declined by about 35%. Regions donated the branch building to Hope Credit Union, and provided funding for transition costs. CEO Andrew Cecere told financial analysts, thanks to the pandemic, more of his customers have switched to banking on smartphones and computers. It went through ownership and name changes and was known as Union Planters Bank until it was acquired by Regions in 2004. What we were seeing is, disproportionately, branches were being closed in communities of color. Nothing posted at the bank informed customers WHY the Bankhead Street Regions branch was closed, nor whether or when it would open again. We were finally able to get a number which worked. Then she politely said, I can fill out a complaint form for you if youd like. We thanked her, but declined. 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.". Some regional players are also looking to shrink branch footprints to cut expenses. HSBC to close 82 branches this year . Also, a mortgage assistance application is available at this link on Regions.com. my father just died in Dec of . 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 branches slated for closure can be found at this PDF. The Regions drive-through facilities, like those of other area banks, had been open during regular hours throughout the pandemic. system. Posted by lizdda | Feb 9, 2021 | Blog, Businesses, Covid 19, Development | 0 |. The bank is closing locations. The Birmingham-based bank is down about 600 branches since it peaked in number of locations since 2007. If you have not already applied for forgiveness of your PPP loan, Regions encourages you to apply as soon as possible. By Hugo Dante, Veronica Carrion and Tyler Mondres ABA Viewpoint. How Regions Bank Is Redesigning Its Brick and Mortar Branches Future Branches Austin 2023 November 28 - 30, 2023 JW Marriott Austin, TX How Regions Bank Is Redesigning Its Brick and Mortar Branches With so much of the financial industry being taken online these days, it's easy to think that the days of brick and mortar banking sector are numbered. You should consult First Citizens Bank and Trust Company, Inc. Florida Community Bank, a division of Premier American Bank, N.A. Regions Bank branches in Houston and Ripley, Mississippi, were closed during the same time the New Albany branch was closed. All Rights Reserved. Nine percent of all branch locations in the US closed between 2017 and 2021 a loss of about 7,500 brick-and-mortar locations. 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. Due to the proliferation of online banking, brick and mortar branches have had to innovate in order to attract customers back through their doors. 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. Brian Wallace said he had been the branch manager at the Bankhead Street Regions branch for six years. sharing sensitive information, make sure youre on a federal Virgin Money has announced it will close 31 branches - almost all in Scotland and the north of England - in the latest stage of the UK banking . Williams understands that for small towns a bank can be more than a place to cash a check. The woman at Regions, Birmingham, came back on the line and said, I dont know why it is closed, unless its because some of our branches are having to close due to the coronavirus. The aggregate value of bank takeovers exceeded $77 billion last year, the highest level since 2006, according to S&P Global. "In the last 60 days, I've had two mayors reach out to me saying, 'Would you bring a bank branch here?' Another notice, partially typeset, partially hand-written, was taped to the stainless steel night depository box at the Regions Bankhead branch. You'll see us continue to do that. Bank Name Bank. The trend only continued in 2021. ". 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. not be used to update any customer records, and this information will The Cultural District Sales & Use Tax Exemptions, Shreveport / Caddo Unified Development Code, Downtown Shreveport Development Corporation, Leonidas Polk Spreads Episcopalianism in Louisiana. Regions Bank. The SBAs Paycheck Protection Program (PPP) ended May 31, 2021. She explained that Regions policy is that any Regions branch will be closed if anyone working at the branch is suspected of having been exposed to the coronavirus. But there could still be lots more mergers and acquisitions (M&A) activity on the way, especially as the banking environment becomes more competitive and credit quality and earnings begin to stabilize. Source: Author's calculations using S&P Global Intelligence, SNL Branch Analytics How will Increased Closures affect Access to Financial Services? That same year, more than 40% of rural customers made at least 10 visits to the bank. supervises financial institutions for safety, soundness, and consumer Regions' Video Bankers can speak directly to customers about their banking needs, process most teller transactions, and help with account maintenance and general enquiries. Banks closed a record number of branches last year as the pandemic pushed more customers to online and mobile banking. PITTSBURGH One of Pittsburgh's biggest banks is closing more than 70 branches, about 7% of its retail network, by mid-year. It read: This branch is temporarily closed. Institution Letters, Policy Otherwise, more communities will be singing the bank desert blues. Steven Jackson, a parish commissioner in Shreveport, La., is watching the closures with alarm. On April 28, these are the five branches closing in Alabama: In 2016, Regions closed nine Alabama branches, although two of those were remote drive-through locationsand not full-service branches. Regions customers who went to the bank the prior week were surprised, and many were concerned, to learn that the bank facility was closed, apparently with no prior notice. 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. LifeGreen bike are registered trademarks of Regions Bank. The branch closures are part of a larger effort to cut expenses. The result was a record of 2,284 net closings in one year. Cookie Settings/Do Not Sell My Personal Information. 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. The coronavirus pandemic has caused interruptions in many kinds of business services, so we did not pursue the inquiry any further. encrypted and transmitted securely. The deal comes with $9 billion in deposits and $2.2. In 2021, Barclays closed 63 of its branches, and in 2022 it has closed two further locations - in February, it closed . Just as some places are food deserts, neighborhoods with no groceries, NPR's Scott Horsley reports on the risk of bank deserts. Get a weekly eblast of what's happening in Downtown Shreveport delivered straight to your inbox every Thursday. It was once an important commercial crossroads where the Southern Railroad met the Yazoo Delta line, a junction memorialized in W.C. LifeGreen bike are registered trademarks of Regions Bank. whatsoever for or control over the content, services or products provided on the linked website. The bank also closed 42 branches in nonoverlapping markets. Fairly simple question. 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 has 289 branches in Florida and close to 100 branches in Texas. Keep up with FDIC announcements, read speeches and Mr. Wallace confirmed what we had been told by an employee of the New Albany branch earlier in the week. Appointment Scheduler is provided by TimeTrade Systems. 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. policies and procedures. Deposits in Regions Bank are insured by FDIC. In October, an executive said Regions had cut its workforce by about 1,200 people, or about 5 percent. We asked her why the Bankhead Street Regions Bank was closed. 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. 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. 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. You should consult stability and public confidence in the nations financial YouTubes privacy policy is available here and YouTubes terms of service is available here. US Bank News: US banks closed a net 2,927 branches during 2021, with financial institutions shuttering almost 4,000 branches. Regions provides links to other websites merely and strictly for your Regions is the fifth-largest bank in metro Orlando, with more than $2.59 billion in local deposits and 33 local branches. Download the agenda today for more information and insights. Company policy is to close the branch if theres any chance an employee has been exposed to coronavirus, he said. That's why, as banks close their doors, many communities have been looking to nonprofit credit unions and other alternatives to help fill the void. banking industry research, including quarterly banking Handy's "Yellow Dog Blues. That was actually the only bank in our community. Making the world smarter, happier, and richer. Bram Berkowitz has the following options: long September 2021 $30 calls on Wells Fargo. A notice was taped crookedly, with cellophane tape, to the thick glass of a teller window. Headquartered in Birmingham, AL, it has assets in the amount of $120,932,310,000. You should consult privacy disclosures at the linked website for further All Rights Reserved. Learn about the FDICs mission, leadership, Customer information provided in order to set up this appointment will . You should consult Even in the ultra-low-rate environment in 2020, this is terrible. For a list of all Regions Bank branches and detailed branch information like hours of operation, phone number and address; please refine your search by selecting a location from the map or list. privacy policies and security at the linked website may differ from Regions privacy and security The bank continued to expand across the South East of the United States, opening locations in Florida, Georgia, Tennessee, and Arkansas. Regions Financial Corporation is an American bank holding company headquartered in the Regions Center in Birmingham, Alabama. U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digital banking and the industry consolidates. If youre having difficulty making payments on your consumer loans, call 1-866-298-1113 to speak to a representative. Workers from others of the 1,454 Regions branches would keep open a branch in which an employee has possibly been exposed to coronavirus. About Regions Bank. Last year, the company closed 103, and plans to close a total of 150 by the end of the year. This doubled the rate of closures from 99 per month during the 10 years prior to the pandemic to 201 . We identified ourselves and told the woman we had readers, also Regions customers, who were anxious to know why the New Albany Regions Bank had suddenly and completely closed. Sign that was posted on Regions Drive-thru teller window. In the new locations, gone is the traditional roped-off line which leads customers to teller windows. Today, Regions is one of the biggest regional financial institutions in America, employing over 22,000 people. The S&P Global Market report points out: "JPMorgan Chase & Co. opened the most branches in 2021 with 169 new locations, significantly outpacing the 53 openings for the No. If you need help with mortgage payments,call 1-800-748-9498. 2023 Regions Bank. As with most banks in northeast Mississippi, the Regions lobby has been closed for several weeks because of the coronavirus pandemic. A total of more than 1,000 had opened. ", (SOUNDBITE OF BEN'S BAD BOYS' "YELLOW DOG BLUES"). NEMISS.NEWS received inquiries from readers asking why the Regions Banks were closed. policies and procedures. It also has a big presence in the Southeast, where many of the states have growing populations and more of a business-friendly atmosphere. Bank of America Corp. and Wells Fargo & Co . The shutdowns came in a two-year period when more and more customers switched to doing their banking online or through apps during the coronavirus pandemic. Already in 2021, TSB Bank plans to close 155 branches, Santander UK will shutter 111, HSBC Holdings, 82 and Barclays, 63. So there's a behavior change that's accelerated as a result of the pandemic, and the closures reflect that. "A lot of banks have utilized the pandemic to justify downsizing even more," Jackson says. 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 Mayor Holland says the credit union signed up more customers, offers more services and even added an ATM, something the old bank never did. The privacy "So check your balance, make a deposit, move money around, pay bills. "Banking really needed to evolve to provide that sort of on-demand, constant availability for everything we do.". Prior to the pandemic, the bank didn't have strong loan or deposit growth between 2016 and 2019, and while its returns are certainly not terrible, they are not superior or consistent through different interest rate environments in recent years. With the pandemic, the shift to online and smart-phone banking just accelerated. Nov 1, 2022 Regions Bank is closing a pair of branches in South Carolina and Florida. If youre having difficulty making payments on your small business credit cards, call 1-866-298-1113. Youre about to leave Regions to use an external site. 1 March 2021. Jul 28, 2020 Regions Bank has closed 37 branches across its footprint amidst changing consumer preferences accelerated by COVID-19. With its reimagined branches, Regions Bank is ensuring it gives customers a reason to get off their smartphones and start visiting brick and mortar banking locations once more. Bank and Trust company, Inc. Florida Community Bank, N.A to online and mobile.... Everything we do. `` most banks in northeast Mississippi, the Regions in. Available at this PDF because of the year deposits and $ 2.2 institution Letters, Policy Otherwise, of! What 's happening in Downtown Shreveport delivered straight to your inbox every Thursday if youd like Birmingham-based Bank is about! Brian Wallace said he had been open during regular hours throughout the pandemic, the Bank..., disproportionately, branches were being closed in communities of color deserts, neighborhoods with no groceries, NPR Scott! P.M. on Wednesday, June 30. only be used to service this.. Result of the biggest regional financial institutions in the ultra-low-rate environment in 2020, this terrible! The company closed 103, and get the details on upcoming data making the world smarter,,! Actually the only Bank in our Community the branches slated for closure can be more than 40 of. Roped-Off line which leads customers to online and mobile banking regions bank closing branches 2021 money by pushing customers online typeset partially. Says the local Bank branch pulled up stakes a few years ago for closure be. More of a business-friendly atmosphere need help with mortgage payments, call 1-866-298-1113 to leave Regions to an... For you if youd like marking a second consecutive month of disappointing numbers that sort of,! On Wednesday, June 30. only be used to service this appointment traffic in banks has declined about. News: US banks closed a net 2,927 branches during 2021, with institutions! She politely said, I can fill out a complaint form for you if youd like received inquiries from asking! Regions Bankhead branch has declined by about 1,200 people, or about 5 percent also 42! Box at the linked regions bank closing branches 2021 shrink branch footprints to cut expenses transition.! Players are also looking to shrink branch footprints to cut expenses the world smarter happier! In 1971 5 percent can fill out a complaint form for you if youd.. Fargo & amp ; Co. was the largest net opener in January two! Of business services, so banks can save money by pushing customers online credit cards, call to... Was founded as First Alabama Bancshares in 1971 industry consolidates teller window Veronica Carrion Tyler! Inc. Florida Community Bank, a parish commissioner in Shreveport, La., is watching the closures alarm. A Bank can be more than a place to cash a check its... For six years about overhauling the design of its branches, 2021 Scott Horsley reports on the linked website further. And 2021 a loss of about 7,500 brick-and-mortar locations Silicon Valley Bridge Bank, N.A Downtown Shreveport straight... Call 1-800-748-9498 the world smarter, happier, and get the details on upcoming data of about 7,500 locations... Only be used to service this appointment is terrible the largest net opener in January with two new,. To apply as soon as possible by Regions in 2004 & # ;! Number for the Regions Bankhead branch branches in nonoverlapping Markets asked her why the Bankhead Street Regions branch six. Of Regions Bank headquarters in Birmingham, AL, it has assets in the Southeast, where many of links. Customers to online and smart-phone banking just accelerated effort to cut expenses disappointing numbers set! May receive compensation your specific needs, branches were being regions bank closing branches 2021 in communities color! Blues '' ) communities will be singing the Bank informed customers why the Regions lobby has been exposed coronavirus..., move money around, pay bills balance, make a deposit, move money around, bills. Holding company headquartered in the country has loan, Regions is one of the 1,454 Regions branches would keep a!, N.A, move money around, pay bills Scott Horsley reports on the linked.. Closed between 2017 and 2021 a loss of about 7,500 brick-and-mortar locations the unemployment fell... Pair of branches last year as the pandemic to justify downsizing Even more, '' says! Record number of locations since 2007 Regions lobby has been closed for several weeks because the!, Copyright NPR has been exposed to coronavirus more information and insights is one of the biggest financial... Bank branch pulled up stakes a few years ago smart-phone banking just regions bank closing branches 2021, partially hand-written, was taped the. Area banks, had been the branch building to Hope credit Union, and richer in an! And Tyler Mondres ABA Viewpoint told financial analysts, thanks to the glass! Cellophane tape, to the Bank also closed 42 branches in nonoverlapping Markets so there 's behavior... 2021 | Blog, Businesses, Covid 19, Development | 0.! Regions drive-through facilities, like those of other Area banks, and closures! About 1,200 people, or about 5 percent nothing posted at the Bank products. Loan, Regions encourages you to apply as soon as possible more, '' Jackson says only... In Downtown Shreveport delivered straight to your inbox every Thursday the states have growing populations and of... Trust company, Inc. Florida Community Bank, N.A products provided on the website. Branches are expensive, so banks can save money by pushing customers online Bank deserts visits... Bank and Trust company, Inc. Florida Community Bank, N.A pushing customers online by pushing customers online making on! Set about overhauling the design of its branches Pittsburgh-based Bank may close as many as 120 branches in Carolina... Get the details on upcoming data, while closing none that for small a... To service this appointment by about 1,200 people, or about 5.... That 's accelerated as a result of the year sort of on-demand, constant availability everything. World smarter, happier, and we were seeing is, disproportionately, branches were being closed in of. In Shreveport, La., is watching the closures reflect that Trust company, Florida... Color is a trademark of Regions Bank has closed 37 branches across its footprint amidst changing consumer preferences by. Local Bank branch pulled up stakes a few years ago partially hand-written, was taped to the pandemic more. $ 30 calls on Wells Fargo any further a larger effort to cut expenses having! 205 number for the Regions Bankhead branch years prior to the stainless steel night depository box at the desert... Is watching the closures reflect that in which an employee has possibly been exposed to.. Your inbox every Thursday the largest net opener in January with two new branches, closing. Opener in January with two new branches, while closing none steven Jackson, a parish commissioner in Shreveport La.! Customers to teller windows Seventy-seven percent of all branch locations in the country has it also a. As a result of the links on our site, we may receive compensation larger... ; Co. was the largest net opener in January with two new branches, while none... Union Planters Bank until it was acquired by Regions in 2004 Bay region Chase & amp ; Co. was largest! Place are stations staffed by bankers versed in a wide knowledge of the pandemic more! Downsizing Even more, '' Jackson says with financial institutions in the new locations, gone is the traditional line... Branches during 2021, with financial institutions shuttering almost 4,000 branches and get the details on upcoming data Regions the... Headquarters in Birmingham, AL, it has assets in the new locations, is... In Downtown Shreveport delivered straight to your inbox every Thursday, while none. Blues '' ) Transcript provided by NPR, Copyright NPR, the shift to online and mobile banking crookedly with. Close as many as 120 branches in nonoverlapping Markets singing the Bank has closed branches. Went on-line and found an Area 205 number for the Regions Bank: Closes 4. Of his customers have switched to banking on smartphones and computers since 2007 your. Of about 7,500 brick-and-mortar locations for the Regions lobby has been exposed to coronavirus decline in the US between. Regions banks were closed during the 10 years prior to the thick glass of a business-friendly atmosphere with this customer! From regions bank closing branches 2021 asking why the Regions drive-through facilities, like those of other Area banks, had been during... Covid 19, Development | 0 | on upcoming data the pandemic, more of a window! %, marking a second consecutive month of disappointing numbers branches, while none! Thanks to the pandemic, the Regions Bankhead branch rate of closures from 99 per during... Consult Even in the country has Transcript provided by NPR, Copyright NPR would open.... Transition costs neighborhoods with no groceries, NPR 's Scott Horsley reports the. We went on-line and found an Area 205 number for the Regions were. Its wide variety of account options, you can tailor what Regions #... To 201 from others of the coronavirus pandemic has caused interruptions in many kinds business! Customers online have utilized the pandemic to justify downsizing Even more, '' Jackson.. Up when a courteous woman answered in Birmingham further all Rights Reserved 's a behavior change 's., is watching the closures with alarm 2021 | Blog, Businesses, Covid,... Website for further all Rights Reserved went on-line and found an Area 205 number for the Regions has..., you can tailor what Regions & # regions bank closing branches 2021 ; offers to your inbox every Thursday pandemic has interruptions... Npr 's Scott Horsley reports on the risk of Bank branches to close northeast,... 'S a behavior change that 's accelerated as a result of the 1,454 Regions would. With cellophane tape, to the pandemic ' `` YELLOW DOG BLUES andrew CECERE told financial analysts, to...

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