The Region Bank Branch located at 101 S. Mount Auburn Road in Cape Girardeau has been sold to MRV Bank. This transaction information according to Tom Kelsey, broker with Lorimont Commercial Real Estate in Cape who represented Regions in the property sale. Chris Cole, broker, also with Lorimont represented the buyers.

Doug Watson, president and CEO of MRV Banks confirmed they had acquired the 4,800 square-foot building located on 1.31 acres and have proceeded to remodel parts of it converting it into MRV Banks' administrative center. Watson said the bank is considering some additional uses for the newly acquired bank building including adding a drive-through or telebanking functions.  More information will be forthcoming in the near future.

The two-level building has been a branch of several financial institutions including Cape County Bank, Union Planters Bank and, most recently, Region's Bank.  Region’s still operates a bank facility in the city at Broadway and Kingshighway.

Kelsey said Lorimont has been involved in other Region’s bank sales in the area including Poplar Bluff, Jackson, Oran and New Madrid.