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Old-School Regions Bank Lobby Set to Close

1 min read

The Regions Bank lobby at its namesake office building in downtown Little Rock is scheduled to go dark in six weeks.

The $143 billion-asset lender sent out letters this summer to customers notifying them that its main Little Rock branch on the first floor at 400 W. Capitol Ave. would close on Friday, Nov. 6 at 2 p.m.

Regions is vacating the ground floor and shifting branch operations to updated accommodations on the second floor that will be open for business on Nov. 9.

The 21st century change marks the demise of another spacious old-school bank lobby in a downtown office tower.

The move follows Bank of America leaving its long row of teller booths at 200 W. Capitol Ave. in July 2018 in favor of revamped and downsized quarters once occupied by Worthen Investments.

Regions, headquartered in Birmingham, Alabama, reported a second-quarter loss of $214 million compared with a $390 million profit in 2019. Like many lenders across the nation, the biggest variable hitting the bank’s balance sheet was an $882 million boost in its provision for potential losses.

Bank of America recorded a second-quarter profit of $3.5 billion compared with $7.3 billion in 2019. Its provision for loan losses rocketed from $900 million as of June 30, 2019, to $5.1 billion this year.

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