Regions Bank Tower in Shreveport to be Auctioned

Shreveport, LA, October 18, 2025

News Summary

The Regions Bank Tower in downtown Shreveport is set to be auctioned on October 29, alongside its parking garage. The property has been under receivership for over a year due to unpaid utility debts exceeding $420,000. Despite the financial troubles of Hertz Investment Group, the current owner, Regions Bank continues to lease a portion of the building and is committed to staying in the community. The auction will allow bidders to participate without pre-registration, with bidding starting at two-thirds of the property’s appraised value.

Shreveport – The Regions Bank Tower in downtown Shreveport is scheduled to be sold at a sheriff’s auction on October 29, according to an announcement from the Caddo Parish Sheriff’s Office. This auction will include both the Regions Bank Tower and the associated parking garage.

The property has been in receivership for over a year due to financial issues tied to unpaid utility bills. In August 2024, Southwestern Electric Power Company (SWEPCO) issued a disconnection notice, asserting that the property owner, Hertz Investment Group, owed more than $420,000 in utility bills.

Hertz Investment Group purchased the Regions Bank buildings in 2007. Even though Regions Bank’s name appears on the tower, the bank clarified that they do not hold ownership of the facility and are not liable for its expenses. Nonetheless, Regions Bank continues to lease approximately 30,000 square feet within the building for corporate banking, wealth management, and mortgage divisions.

The bank has reiterated its commitment to serving the Shreveport community and will monitor the auction’s outcome without any plans for relocation. The upcoming auction does not require bidders to pre-register or pre-qualify, but they must be present in the Caddo Courthouse basement to participate. Additionally, the winning bidder must pay in full by 2 p.m. on the day of the auction, or a new auction may be scheduled, barring the winning bidder from future sheriff’s sales for six months.

Bidding for the auction will start at two-thirds of the property’s appraised value, which will be disclosed in the week leading up to the auction. The tower complex, which includes 25 floors in the Regions Tower and 16 floors in the Regions Building, totals around 500,000 square feet of office space and currently has an occupancy rate of approximately 80%.

The defendant in the auction proceedings is Plaza Investments II Holdings LLC. The financial troubles leading to the auction have raised concerns among tenants and the public regarding utility payments and property management.

Key Features of the Auction

• Date: October 29
• Location: Caddo Courthouse basement
• Property: Regions Bank Tower and associated parking garage
• Current Owner: Hertz Investment Group
• Utility Debt: SWEPCO disconnection notice for over $420,000
• Bidding Starting Price: Two-thirds of appraised value
• Payment Deadline: 2 p.m. on auction day
• Current Occupancy Rate: Approximately 80%

Background Context

Hertz Investment Group, which acquired the Regions Bank buildings in 2007, has faced financial challenges, leading to the property’s receivership and subsequent auction. The financial difficulties associated with the property management have created unease among tenants and the community regarding the future management and condition of the buildings.

Deeper Dive: News & Info About This Topic

HERE Resources

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Regions Bank Tower to be Auctioned at Sheriff’s Sale
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Regions Bank Tower Auction Set for Downtown Shreveport
Regions Bank Tower Complex in Shreveport Set for Auction
Regions Tower and Building Auction Set in Shreveport
Regions Tower in Shreveport Placed Under Receivership
Regions Tower in Financial Crisis Amid Lawsuit and Auction
Shreveport Faces Financial Crisis as Regions Tower Auction Approaches

Additional Resources

• KSLA News: Downtown Regions Tower to be Sold at Caddo Sheriff’s Sale
• Shreveport-Bossier Advocate: Regions Tower Auction
• KTBS: Regions Bank Buildings Headed for Sheriff’s Sale
• KTAL News: Latest on Regions Tower Foreclosure Sale
• Shreveport Times: Regions Bank Complex Up for Auction
• Wikipedia: Shreveport
• Google Search: Regions Bank Tower
• Google Scholar: Regions Bank Tower
• Encyclopedia Britannica: Regions Bank Tower
• Google News: Regions Bank Tower

Author: STAFF HERE SHREVEPORT WRITER

The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.