Regions Bank says its overall deposits increased 8.7% for the year ending June 30. But its branches in three Louisiana metro areas lagged behind that growth pace. The bank reported its deposits in metro Baton Rouge went up 3.4%, to $1.7 billion and 6.2% in Shreveport, to $1.25 billion, according to FDIC data. Regions saw its New Orleans deposits drop by 5.7% over the year, to nearly $2.4 billion. New Orleans was the only one of 25 major markets in the South and Midwest where Regions saw deposits drop. Regions saw double-digit percentage growth in seven of its eight biggest markets, including its hometown of Birmingham, Ala.; Miami; Tampa, Fla.; and Memphis, Tenn.
Regions’ La. branches growing slower than other locations
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
