As part of an effort to consolidate its banking network, officials of Regions Financial Corporation have announced plans to close the Alexandria Branch Office of Regions Bank as of March 14.
Customers of the Alexandria branch will be consolidated into the Smithville branch. Regions will be working with the affected associates (employees) to find other opportunities in the company, where possible.
WJLE contacted a spokesperson for the company Friday and he issued the following statement on the consolidation. "As a normal course of business, Regions reviews the effectiveness of all our businesses, locations and policies so we can use our resources as efficiently as possible. A careful review of our branch network identified opportunities to consolidate our network – based on traffic, volume, location of other branches, profitability and other factors".
"While customers of the Alexandria branch will be consolidated into the Smithville branch, they may also bank at any Regions branch, just as they have in the past. Regions has some 1,700 branches and 2,000 ATMs, as well as a host of other alternative ways of banking -- from online, to mobile banking, and more," the statement concluded.
Regions is one of three banks in Alexandria. Wilson Bank and Trust/DeKalb Community Bank and Liberty State Bank also have branches there.