8 Jun, 2022

Bricks and mortar: Texas-based Wallis Bank opens office in Phoenix metro area

S&P Global Market Intelligence rounds up notable bank and thrift branch openings and closings, or applications for such, over the past week.

Mid-Atlantic

Uniondale, N.Y.-based Flushing Financial Corp. announced that its subsidiary, Flushing Bank, opened a new branch at 85-15 Queens Blvd., Elmhurst, N.Y.

Northeast

Boston-based Santander Bank NA opened a new branch at 885 Boylston St. in downtown Boston. Santander Bank is a subsidiary of Madrid-based Banco Santander SA.

Southeast

Prattville, Ala.-based River Bank & Trust will open its 21st location in Birmingham, Ala., in the Park South Plaza Shopping Center on Highway 31. A veteran banker from the Birmingham area, Brian Ethridge, will serve as regional president and join the bank's executive management team, according to a press release.

River Bank & Trust also seeks to open a new branch at 401 Holmes Ave. in Huntsville, Ala., according to the Alabama State Banking Department.

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Huntsville, Ala.-based Progress Bank and Trust obtained the approval of the Alabama State Banking Department for a new branch at 2000 Meadow Lake Drive, Birmingham, Ala., according to the state regulator's website.

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Birmingham, Ala.-based Regions Bank closed its branch at 525 Okeechobee Blvd., Suite 100, West Palm Beach, Fla., according to the Alabama State Banking Department.

Midwest

Springfield, Mo.-based Great Southern Bank opened a new loan production office in Charlotte, N.C. It is the bank's eighth loan production office.

Southwest

Dallas-based United Texas Bank obtained the approval of the Federal Reserve Board to establish a branch at 10803 Preston Road, Dallas, Texas, according to a Fed press release.

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Wallis, Texas-based Wallis Bank opened a loan production office at 60 E. Rio Salado Pkwy., Suite 900, Tempe, Ariz. It is the bank's first location in the Phoenix metro area.

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Greenwood Village, Colo.-based Cherry Creek Mortgage Co. Inc. moved its Bozeman branch to a new location, at 116 N. Bozeman Ave., Ste. 100A, Bozeman, Mont. A ribbon-cutting ceremony was held in May to celebrate the branch's reopening.

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Bank of Zachary in Louisiana proposes to open a branch at 5451 Live Oak Centre Drive, B, St. Francisville, West Feliciana Parish, La., according to the State of Louisiana Office of Financial Institutions.

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The State of Louisiana Office of Financial Institutions approved the proposal of Alexandria, La.-based Red River Bank to put up a branch at 700 Baronne St., New Orleans, Orleans Parish, La.