Smaller Branch, Bigger Impact

Rhea-AI Summary

Regions Financial Corporation has opened a new environmentally friendly bank branch in Franklin, Tennessee, on April 3, showcasing its innovative 'hybrid' Nexus design concept. This 1,904-square foot branch is 34% smaller than previous designs and was built for $500,000 less than earlier models due to rising construction costs. Eco-friendly features include LED lighting, low-flow toilets, and drought-resistant plants, which contribute to energy efficiency and reduced environmental impact. The modern design enhances customer experience and operational efficiency, making it a win for customers and associates. With $155 billion in assets, Regions continues to serve customers across the South, Midwest, and Texas.

Positive

• Opened a new branch in Franklin, Tennessee, featuring a modern and eco-friendly design.
• The new branch construction cost $500,000 less than earlier Nexus designs.
• Branch size reduced by 34%, improving efficiency and environmental impact.
• Incorporates energy-efficient features such as LED lighting and low-flow toilets.

Negative

• None.

As part of our Earth Day celebration, Regions is highlighting ways that our associates, customers and community partners are making life better by helping to protect our environment.

NORTHAMPTON, MA / ACCESSWIRE / April 26, 2023 / Big things can come in small packages.

For Regions, the latest example is the bank's new branch in Franklin, Tennessee, where modern banking and customer service meet environmental stewardship.

Opened April 3 in the 600-acre Berry Farms community of Boyle Investment Co., near Nashville, the branch is the first to feature Regions' new design which will be used for all future branch construction.

"We're looking at our designs constantly and always asking how we can create an even better experience that represents shared value for everyone," said Stephen Griffin, director of retail distribution planning.

"That's what drove our new ‘hybrid' Nexus design concept," he said. "This new branch maximizes the space to give customers a great place to bank and for associates to serve them. It's good for the environment while costing more than $500,000 less to build than our original Nexus design - also important with rising construction costs coming out of the pandemic."

"Our new Nexus hybrid design is a win for everyone," he added.

And it all comes in a 1,904-square foot package. That's 34% smaller than the first Nexus branches Regions began building in 2018.

Eco-friendly Features

By strategically using clear insulated Low-E glass that protects against heat gain, LED lighting, automated controls and heat-absorbing shades, the Franklin branch leverages energy efficiency to keep the space warm in the winter and cool in the summer.

"We're maximizing the lighting coming through windows by light harvesting, and powering up the LED lighting as that goes away," said John Earley, Regions' senior construction manager for retail projects. "We've also reduced the size and number of the displays we use for digital signage while still maximizing our brand.

"At the end of the day, energy consumption is a key way to reduce cost and environmental impact," he said. "As we've evolved the Nexus design to this third generation, we've kept our focus on the environment."

Other eco-friendly features of the new branch include drought-resistant shrubs and other plants, a drip irrigation system, low-flow toilets, and furniture and carpet with recycled content as well as low VOCs (volatile organic compounds) for cleaner air and emissions.

A Modern, Stylish Look

Along with the environmental benefits, Berry Farms Branch Manager Lance Hayes appreciates the design tweaks that have enhanced service - like angling the pods where bankers sit so everyone has a clear line of sight to the door and can see, greet and serve customers, minimizing any possible delays.

The branch manager's office was also relocated in the Nexus design update to open up more space for customers who continue to enjoy Wi-Fi, charging stations and the privacy of the pods as well as from the partitions and privacy glass.

"From the furniture size and placement to the bathrooms and break rooms, the design makes the space feel bigger than it is," Hayes said. "You can tell the working space has been amplified while everything else - the mechanical/electrical/maintenance space - has been minimized.

"We love the modern, stylish look and the way this branch and design fits in perfectly with the rest of Berry Farms and what we've always been about as a company: making life better for each other, our customers, shareholders and communities."

About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $155 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

View additional multimedia and more ESG storytelling from Regions Bank on 3blmedia.com.

Contact Info:
Spokesperson: Regions Bank
Website: https://www.3blmedia.com/profiles/regions-bank
Email: info@3blmedia.com

SOURCE: Regions Bank

View source version on accesswire.com:
https://www.accesswire.com/751426/Smaller-Branch-Bigger-Impact

FAQ

What environmental features are included in Regions Financial's new branch design?

The new branch includes LED lighting, low-flow toilets, drought-resistant plants, and a drip irrigation system.

When did Regions Financial open its new branch in Franklin, Tennessee?

Regions Financial opened its new branch on April 3, 2023.

What are the benefits of the new Nexus design for Regions Financial?

The Nexus design maximizes space efficiency, reduces construction costs by $500,000, and enhances customer service.

What is the significance of the new branch's size compared to previous designs?

The new branch is 34% smaller than earlier Nexus branches, leading to lower costs and a smaller environmental footprint.

How does Regions Financial support its community through new branch openings?

Regions' new branch design emphasizes environmental stewardship while providing improved customer service and banking experience.