POMEROY – Site work is underway in preparation for a new Farmers Bank building to be constructed on East Main Street in Pomeroy.
Karr Contracting will build the brick and stone 10,000 square foot structure which will house the Pomeroy retail branch of Farmers Bank and provide a multi-purpose meeting room for bank and community functions. Completion is set for spiring 2012.
“The new Pomeroy office will offer great service to all customers with enhanced drive-thru and more accommodating offices,” said Paul Reed, president and CEO of Farmers Bank and Savings Company in making the announcement.
“Then once construction of the new office is complete, we will do a complete renovation of our current building which will be used for administrative purposes with limited service available for ‘walking distance’ customers.”
Reed said the decision to build a new bank building came after three years of deliberation and consideration by the Board of Directors. “Rates are such that there is little return on our investments in the market, our local economy is in need of a boost and our spirits are frazzled from national media coverage of recession and unemployment with a dismal outlook,” he commented. “Now, more than ever, Farmers Bank can make a statement to our customers and community that we are strong and we’re not going anywhere.”
Farmers Bank and Savings Company moved into its current location on West Second Street in 1969 when the bank had $9 million in assets and one office. Since that time the bank has grown to a $260 million bank with 89 employees at five locations in Ohio and West Virginia.
“The management team and the Board of Directors have known for sometime that limited space and out-dated facilities would someday become a hindrance to our ability to effectively conduct business. That day has arrived,” said Reed.
“The building design, created Jerry Goff Architecture, embodies the vision of the Board of Directors to build a flagship office that enhances the surrounding natural beauty of the area while communicating that Farmers Bank is strong and committed to continuing the tradition of Farmers Bank in our communities,” he concluded.
Architectural rendering of the new Farmers Bank to be constructed on East Main Street in Pomeroy.