Regions Reaches for 2-Acre Lot in Pinnacle Hills Area

Birmingham-based Regions Bank closed on a two-acre lot in the Pinnacle Hills area of Rogers on April 6. The space is south and east of the J.B. Hunt Parkway Tower and is on Northgate Road.

Jerry Vest, president and CEO of Regions’ Northwest Arkansas division, said the bank plans to build a 20,000-SF, two-story office on the pad that will “be an exact footprint” of the bank’s Fayetteville office on Joyce Boulevard, which is called the Regions Financial Center.

Regions Bank operates six locations in Northwest Arkansas with three in Rogers and one each in Bentonville, Fayetteville and Springdale. The office at Pinnacle Hills will be the next Regions location in the two-county market, but Vest said the bank is looking at properties in Bentonville as well.

Regions was No. 1 in statewide market share as of June 30 with more than $4.38 billion in deposits, 12 percent of the state’s total.

The bank has not yet applied with the Arkansas State Bank Department for a branch at the location.