Q4 2020 Investor Presentation
Branch Rightsizing Initiative
Branch Closings
Location
Date
Closed
Number
of
One-time
Charge
Branches
in millions
Expected
Annual
Savings
Landrum
Feb.
6
$0.4
$0.6
< 1YR
Branches
2020
June
Various
11
$1.9
$2.4
< 1YR
2020
in millions
Expected
Earn Back
Announced the closing or sale
of 49 branches (20%)
since 12/31/19
Number of Active Branches
Oct.
Various
23
$9.6
$6.7
< 1.4YR
2020
255
249
242
242
245
Branch Sales
235
227
225
Number of
Gain on
Location
Date Sold
Deposits
Loans
Sale
215
Branches
in millions
in millions
in millions
204
200
205
South TX
Feb. 2020
5
$140
$261
$5.9
195
Colorado
May 2020
4
$63
$121
$2.2
185
175
Mar. 2021
Illinois
4
~$140
~$1
TBD
Expected
$
Q419
Q120 Q220 Q330 Q420
Q121
Expected
Will continue to review other branch rightsizing opportunities
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