. 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. The branch closures are part of a larger effort to cut expenses. Bank Name Bank. Net closures were up 38% from the previous record of 2,126 in 2020. 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. If you have not already applied for forgiveness of your PPP loan, Regions encourages you to apply as soon as possible. Find Branches Near Me. Regions will apply any closing . Keep up with FDIC announcements, read speeches and Published: Oct 28, 2009, 9:18 AM. As with most banks in northeast Mississippi, the Regions lobby has been closed for several weeks because of the coronavirus pandemic. Customer information provided in order to set up this appointment will Regions provides links to other websites merely and strictly for your In October, an executive said Regions had cut its workforce by about 1,200 people, or about 5 percent. FDIC National Survey of Unbanked and Underbanked Households, Quarterly Banking Cultural District Sales & Use Tax Exemptions, Shreveport / Caddo Unified Development Code, Downtown Shreveport Development Corporation, Leonidas Polk Spreads Episcopalianism in Louisiana. DARRIN WILLIAMS: In a lot of the rural communities we serve, the bank branch is part of the social fabric. Regions Financial Corp. (NYSE: RF) is planning to close a branch in Melbourne, Florida, and a. 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. We were finally able to get a number which worked. Fund Fund. The site that you are entering is operated or controlled by a third party that is 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. A notice was taped crookedly, with cellophane tape, to the thick glass of a teller window. Mayor Holland says the credit union signed up more customers, offers more services and even added an ATM, something the old bank never did. 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. The company reportedly holds assets totaling $133.5-billion in 2020 and reported shareholder equity of $15.4-billion 2018. Signature Bank: New York: NY: 57053: Flagstar Bank, N.A . 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 The bank also told some branch workers, including advisers and small-business bankers, that they can work from home beginning Thursday. Regions Financial (RF -0.37%) is another bank that never recovered from the Great Recession, although it recently saw its stock trade at a new five-year high. A focus on innovative technology and exceptional customer experiences has had to be established alongside the usual services one would expect at a branch. U.S. Bank will close 400 branches. HORSLEY: That kind of alternative will be increasingly important as more bank branches close. We went on-line and found an Area 205 number for the Regions Bank headquarters in Birmingham, AL. Youre about to leave Regions to use an external site. 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. All Rights Reserved. We dont have enough employees. 1 March 2021. system. State St. Cert Cert. It said: This night depository is temporarily closed. The Motley Fool has a disclosure policy. The pandemic drove record numbers of bank branches to close. Please visit the following branch for your night depository needs: The same Barnes Crossing branch name was included on that paper, as well. unaffiliated with Regions. That year, it had about 2,127 branches. Making the world smarter, happier, and richer. 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. Closing Date Closing. privacy and security policies and procedures. Regions Bank. information. Three locations will close during the fourth quarter, while the remainder will close on or about Jan. 22, 2021, the bank said . 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. not be used to update any customer records, and this information will It's part of a years-long trend toward online banking. Darrin Williams, the CEO of Southern Bancorp, says he hears regularly from people in bank deserts who want him to open a branch. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. "If you go to Truman, Ark., on a payday Friday, there are going to be 10 people deep in the line. government site. encrypted and transmitted securely. Posted by lizdda | Feb 9, 2021 | Blog, Businesses, Covid 19, Development | 0 |. Wondering if the bank is open or closed on an upcoming holidays? Steven Jackson, a parish commissioner in Shreveport, La., is watching the closures with alarm. privacy and security policies and procedures. 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. The LifeGreen color is a trademark of Regions Bank. hide caption. The lone Regions Bank branch, at 126 S. Third St., in Terre Haute will close in February. Banks closed. not be used to update any customer records, and this information will Is my neighborhood not a priority? The Regions drive-through facilities, like those of other area banks, had been open during regular hours throughout the pandemic. Regions, the Regions logo, and the LifeGreen bike are registered trademarks of Regions Bank. 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 . profiles, working papers, and state banking performance The trend only continued in 2021. 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. whatsoever for or control over the content, services or products provided on the linked website. Established On: Jan. 1, 1928. The coronavirus pandemic has caused interruptions in many kinds of business services, so we did not pursue the inquiry any further. despite the fact that their bank branches are expected to close by 4 p.m. on New Year's Eve. only be used to service this appointment. "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?" An official website of the United States government. Regions, the Regions logo, and the LifeGreen bike are registered trademarks of Regions Bank. The branch closure rate doubled during the pandemic. Williams understands that for small towns a bank can be more than a place to cash a check. Over the last five years, foot traffic in banks has declined by about 35%. "Banks have accelerated plans to consolidate their branch footprints . "That was actually the only bank in our community and the next-closest bank was probably 8, 9 miles to Indianola," Holland said. 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. Below you will find ratings, reviews, corporate information, directions, ABA routing numbers, online banking website, and branch locations. "So check your balance, make a deposit, move money around, pay bills. conferences and events. If you need help with mortgage payments,call 1-800-748-9498. A recent NPR story highlighted the number of bank branch closures in 2020, and raised the ominous specter of bank deserts popping up across the country, especially in lower-income, rural and at-risk communities. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. 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. Customer information provided in order to set up this appointment will 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 my father just died in Dec of . It's part of a years-long trend toward online banking. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. privacy and security policies and procedures. 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. LifeGreen bike are registered trademarks of Regions Bank. We did it to keep our employees and customers safe.. These closures will affect 41 Lloyds Bank branches and seven Halifax branches. The bank charged overdraft fees even after telling consumers they had sufficient funds at the time of the transactions. Then, the drive-through banking services at the 112 Bankhead location were open again at noon on Monday, January 13. Please consider making a gift today to support this vital public service. JPMorgan Chase & Co. opened the most branches in 2021 with 169 new locations, significantly outpacing the 53 openings for the No. 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. But people who need a local physical branch may find nothing. 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. 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. It was once an important commercial crossroads where the Southern Railroad met the Yazoo Delta line, a junction memorialized in W.C. Customers of the Regions Bank branch at 112 East Bankhead Street in New Albany are breathing easier after the branch re-opened a week ago, Monday, July 13. (The data don't include temporary closures due to the pandemic .) What we were seeing is, disproportionately, branches were being closed in communities of color. A total of more than 1,000 had opened. REGIONS BANK LOCATIONS IN AR LIST OF CITIES AND BRANCHES IN AR Arkadelphia A Arkadelphia 506 Main Street, Arkadelphia 71923 Ashdown Constitution 620 S. Constitution Avenue, Ashdown 71822 Benton B Military Road 917 Military Road, Benton 72015 Bentonville Bentonville 1409 S. Walton Boulevard, Bentonville 72712 Bryant Bryant Last year, the company closed 103, and plans to close a total of 150 by the end of the year. 2023 Advance Local Media LLC. Click arrows next to headers to sort in Ascending or STEVEN JACKSON: A lot of banking institutions have utilized the pandemic to go ahead and justify downsizing even more. All Rights Reserved. All Rights Reserved. The site that you are entering is operated or controlled by a third party that is This is the most of the "big banks.". whatsoever for or control over the content, services or products provided on the linked website. 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