Regions Bank to close Mt. Vernon branch June 5, building to be sold

Steve Chapman

Regions Bank, located on Mt. Vernon Boulevard, Mt. Vernon, will close up shop in June, and merge with the company’s Republic location. In 2018, Regions announced the closure of 21 branches, which included their Aurora location. (Photo by Ryan Squibb)

Citing increase in online banking, ‘growth markets,’ company to shutter Mt. Vernon location, one of nearly two dozen since 2018

Regions Bank will close their Mt. Vernon location on June 5 as they consolidate that branch’s operations with their location in Republic.
Mel Campbell, spokesman for Regions, said in a statement that the decision to close the branch was based on a review of data which showed them where their resources could best be allocated.
“As customer expectations for service and access have increased, Regions’ focus has been on making prudent investments – particularly in branch design, growth markets and digital services -- to continuously improve the customer experience,” he said. “With this strategy, we also rely on a continuous and rigorous review of data, locations, and policies to ensure the most efficient use of available resources.”
Campbell also said customers are increasingly banking online, a factor which also played a role in their decision.
“We also recognize that customers are managing their financial needs through a combination of digital, traditional and alternative channels,” he said. “Our customers can choose from a variety of our flexible and convenient options to bank when, how and where they choose. This review identified opportunities to consolidate select branch locations based on traffic, new technology, volume, location of other branches, profitability, and other data.”
Campbell stressed that, other than the bank’s physical location, nothing would change for customers.
 “For customers, no account numbers or similar information will change,” he said. “Obviously, customers can also visit any of our branches for their business. In addition, most everyday transactions and business can also be completed via ATMs, over our website or through the Regions Mobile app.”
Just because the branch is closing doesn’t mean the Regions employees who work there are out of a job. Campbell said efforts would be made to find positions for them elsewhere.
“Our commitment is to work to make the transition as smooth as possible, and we will make every effort to identify other jobs in the company for affected associates, where possible,” he said.
As for the building itself, it will go on the market once operations there are completed.
“We own that location, and after the consolidation, it will be actively marketed for purchase,” Campbell said.


Lawrence County Record

312 S. Hickory St.
Mt. Vernon, MO, 65712


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