NATCHEZ — Regions Bank has received final approval from the City of Natchez to build a new bank on Canal Street.

The Natchez Preservation Commission approved revised plans for the bank at a meeting last week, and Regions is set to move forward.

The commission tabled the application for approval at its November meeting, asking the bank’s architecture firm, BDG Architects of Birmingham, Ala., to revise the plans in light of design concerns.

Commissioners’ concerns included color usage and the appearances of some sides of the building, with commissioners saying that the visible back of the building needed to look like the front of the building that will face Canal Street.

Natchez City Planner Riccardo Giani said construction of the bank is set to begin as soon as possible, likely early in 2017.

Regions plans to relocate its Franklin Street branch operations to the new bank to be built at 373 S. Canal St. in the location of the former Isle of Capri warehouse.

Warren Reuther of New Orleans Hotel Consultants is in the process of purchasing the downtown Regions Bank building and has said he hopes to open a 65-room hotel in the 52,000-square-foot building on Franklin Street next year. Reuther’s company also owns the Natchez Grand Hotel and manages the Natchez Convention Center.

Hotel Natchez, which Reuther has said is the name of the new hotel, will be a boutique hotel, with 65 rooms, eight suites, a fitness facility, a business center, meeting space and other amenities.

Natchez Regions President Charlie Speed has said with the advent of technology that enables customers to utilize banking services without needing to visit a branch, Regions no longer needs the large building.