HELEN - As a belt tightening move, Regions Bank has announced the closing of 121 of its branches, including the one in Helen.
Evelyn Mitchell, a Regions spokeswoman, said the closings will take effect January 29 2010. It was not immediately clear how many other Georgia offices will be closed but some reports put the number at 16.
With the closing the company expects to realize future net cost saves of $21 million annually. Mitchell said employees at targeted branches will be relocated within the company.
The plans were announced as part of Regions third quarter earnings report.
"Regions is consolidating a total of 121 branches across its 1,900-branch footprint due to proximity to other locations or opportunity for performance improvement," according to the document. "These branches will be closed in early 2010 and will have minimal customer impact."
Story by BY DEAN DYER /WRWH
