Town to lose only bank with closing of Regions branch

by Associated Press

Published: January 15,2014

Tags: bank, banking, branch, Closing, finance, financiasl institution, Regions, Roderick Nicholson, town of Terry

REGIONS BANK LogoTERRY — Regions is closing its branch in the town of Terry on March 14.

The move will leave the town without a local bank. Regions says accounts will be transferred to the Byram branch, some seven miles away.

Terry is town of about 1,100 people south of Jackson.

Mayor Roderick Nicholson tells The Clarion-Ledger that the decision will create a hardship for local residents and businesses.

Regions spokesman Mel Campbell says customers were notified of the closing in December.

He says in a statement that the consolidation with the Byram branch was based on traffic, volume, location of other branches, profitability and other factors.

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