Regions Bank closing 121 locations.

[dmx10101]

Regions Bank to close 121 locations in 2010

Posted: Oct 21, 2009 10:42 AM EDT Updated: Oct 21, 2009 12:45 PM EDT

BIRMINGHAM, AL (WBRC) - In a press release issued on Tuesday, Regions Bank stated that they would be closing 121 branches.

The release says the closing is due to the branches' proximity to other location or opportunity to improve performance.

Closings will take place in early 2010 and Regions says they will have "minimal customer impact."

Regions says they expect to save $21 million annually from the closings.