Shreveport, LA, October 18, 2025
News Summary
Shreveport will host the auction of the Regions Bank Tower on Oct. 29 as part of the Caddo Parish Sheriff’s Sale. The tower has been under receivership due to financial issues faced by its owner, Hertz Investment Group. Additionally, an electricity disconnection notice was issued by SWEPCO for unpaid bills. Despite these challenges, Regions Bank remains a tenant and has no plans to relocate. The auction will start at a minimum of two-thirds of the appraised value, and bidders will assume responsibility for any delinquent property taxes.
Shreveport is set to witness the auction of the Regions Bank Tower as part of the Caddo Parish Sheriff’s Sale scheduled for Wednesday, Oct. 29. This significant event comes after the building has been under receivership for over a year due to financial troubles faced by its owner, Hertz Investment Group.
In August 2024, the situation escalated when SWEPCO issued an electricity disconnection notice for the tower, citing over $420,000 in unpaid bills from Hertz Investment Group. However, a resolution was later negotiated between Hertz and SWEPCO, preventing the disconnection of power to the building.
Despite the ongoing financial issues, Regions Bank clarified that while their name appears on the tower, they do not own the building and are not accountable for its associated utility bills or expenses. Regions Bank continues to be a tenant in the tower, leasing approximately 30,000 square feet on the third floor for its banking, wealth management, and mortgage divisions. The bank had previously operated a branch in the building but moved out in May 2021.
Regions Bank has reaffirmed their commitment to Shreveport, stating that they have no plans to relocate their corporate offices. The upcoming sheriff’s auction will feature not only the two Regions buildings but also an adjacent parking garage that holds approximately 1,000 spaces.
For those interested in bidding, registration is not required in advance; however, bidders must appear in person and be prepared to pay in full by 2 p.m. on auction day. The starting bid will not be less than two-thirds of the property’s appraised value, which is set to be assessed the week preceding the auction. It is also important to note that the successful bidder will inherit any delinquent property taxes related to the buildings post-auction.
The Regions complex spans roughly 500,000 square feet, consisting of the Regions Tower with 25 floors and the Regions Bank Building with 16 floors, interconnected by a four-story atrium. Despite the financial challenges, the current occupancy rate for the buildings stands at about 80%, indicating ongoing operations.
Upcoming Auction Details
- Auction Date: Wednesday, Oct. 29
- Location: Caddo Courthouse
- Opening Bid: Minimum two-thirds of property appraised value
- Successful Bidder Responsibility: Delinquent property taxes
Building Complex Specifications
- Total Area: Approximately 500,000 square feet
- Regions Tower: 25 floors
- Regions Bank Building: 16 floors
- Parking Garage: Approximately 1,000 spaces
- Current Occupancy Rate: 80%
Background Context
The Regions Bank Tower was previously a symbol of prosperity in Shreveport, but it has found itself amidst financial controversies. Following the previous lease expiration of a Regions Bank branch in the building, various financial mishaps led to its current state of receivership. As the community watches, the upcoming auction presents an uncertain future for one of the city’s notable skyscrapers.
FAQs
- When is the auction for the Regions Bank Tower scheduled?
The auction for the Regions Bank Tower is scheduled for Wednesday, Oct. 29. - Why is the Regions Bank Tower going to auction?
The Regions Bank Tower is going to auction as part of the Caddo Parish Sheriff’s Sale due to financial issues faced by its owner, Hertz Investment Group. - What happened with SWEPCO regarding the tower?
In August 2024, SWEPCO issued an electricity disconnection notice on the tower, citing over $420,000 in unpaid bills owed by Hertz Investment Group. - What is the current occupancy rate for the buildings?
The current occupancy rate for the buildings is about 80%, indicating ongoing operation despite the financial challenges. - Will Regions Bank relocate its offices?
Regions Bank has expressed their commitment to Shreveport and stated they have no plans to relocate their corporate offices. - What is the minimum opening bid for the auction?
The opening bid cannot be less than two-thirds of the property’s appraised value, which will be assessed the week prior to the auction.
Key Features Chart
| Feature | Details |
|---|---|
| Auction Date | Wednesday, Oct. 29 |
| Location | Caddo Courthouse |
| Opening Bid | Minimum two-thirds of appraised value |
| Building Area | Approximately 500,000 square feet |
| Regions Tower Floors | 25 floors |
| Regions Bank Building Floors | 16 floors |
| Parking Garage Spaces | Approximately 1,000 spaces |
| Current Occupancy Rate | 80% |
Deeper Dive: News & Info About This Topic
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Additional Resources
- KSLA: Regions Tower to be sold at Caddo Sheriff’s Sale
- Wikipedia: Shreveport, Louisiana
- Shreveport Bossier Advocate: Regions Tower Auction
- Google Search: Regions Bank Tower Shreveport
- KTBS: Regions Bank Buildings Headed for Sheriff’s Sale
- Encyclopedia Britannica: Foreclosure
- Shreveport Times: Regions Bank Complex Up for Auction
- Google News: Shreveport Regions Bank Tower auction
- KTAL: Latest on Amtrak’s Return and Regions Tower Foreclosure
- Google Scholar: Regions Tower Shreveport
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.
