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Stock impact report

Birmingham-based bank company building up to 150 branches over next 5 years [Yahoo! Finance]

Regions Financial Corporation (RF) 
Last regions financial corporation earnings: 4/17 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.regions.com
Company Research Source: Yahoo! Finance
At the same time, the financial firm plans to consolidate a similar number of older branches. Regions Financial Corp. CEO John Turner made the disclosure at RBC Capital Markets investor and analyst conference on March 11. “We find customers still associate with branches, they want to come into branches when they need advice and guidance, when they have a problem,” Turner said. “We think branches still provide an important connection to our brand.” Turner said the company will build between 135 to 150 branches. Originally, Regions had plotted out a seven-year strategy, but accelerated plans recently, and could speed up the process further if land acquisition cooperates. The consolidation or closing of other branches would accommodate population shifts and small-business growth and helps regulate costs associated with managing its footprint. In some cities, that may mean closing two or even three branches for consolidation into one. Renovations will be taking place at the “va Show less Read more
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