Community Banks Move into New Cribs
Patriot Bank in Broken Arrow, Okla., has nearly doubled its assets to $89 million in three years and needed bigger digs. Its new headquarters will be three times larger (12,000 square feet) and is scheduled to open in February.
When Heritage Financial of Olympia, Wash., signed a lease for its regional headquarters in Vancouver, Wash., it also obtained naming rights for the building, as well as a first-floor retail branch office.
Metropolitan Bancgroup of Ridgeland, Miss., built a new headquarters because its focus on private banking for wealthy clients -- not retail banking - accelerated its growth, CEO Curt Gabardi says.
First Financial Bancorp of Cincinnati moved into a newly renovated space in downtown Cincinnati in late 2011.
Lakeland Financial's new regional headquarters, in Carmel, Ind., was expensive to build because the company wanted - and got -- the U.S.Green Building Council's LEED certification for the office.
Banks are upgrading their top executives' office space thanks to the record-low rate environment, the need for more room spurred by their rapid growth and the chance to grab the naming rights on high-profile buildings.Related Article: Suite Deals: Slow Economy Aids Banks' Office Space Projects
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