Concordia Financial institution has signed a purchase settlement with Engquist-Level Advancement for a 1.2-acre tract in Rouzan and is planning to build a new branch site on the website.
Designs filed Thursday with the Planning Commission exhibit the web site is at the intersection of Perkins Street and the jap facet of Rouzan Avenue, which is across Rouzan Avenue from the retail heart anchored by Sprouts.
The a person-tale department will be 5,000 sq. feet and offer you push-via services.
Concordia Govt Vice President Scott McLemore states Concordia will close on the assets as soon as designs have been approved, with design to start, ideally, quickly soon after.
“We’ve been working on this a extended time,” he states. “It’s a good site and fascinating to be a portion of it so we’re searching to open in 2022 and getting all set to shift comprehensive velocity in advance.”
The Concordia Rouzan branch will be the 2nd in Baton Rouge for the Vidalia-based mostly bank and will be a bit larger sized than its initial nearby place in Willow Grove, McLemore states.
Concordia also has a personal loan production business in Baton Rouge.
The financial institution was established in 1903 and has seven branches in mostly central Louisiana and Mississippi, such as a few in the Natchez market place.
While client banking providers are significantly delivered on line and through mobile apps, McLemore says there is nonetheless a want for brick-and-mortar areas.
“There is constantly a have to have for the financial institution department,” he states. “You often want to have a place the place your customers can communicate to a real dwell individual. Relationships are what it is about. It does not subject how great the technological innovation is. There is no substitute for associations.”
The Setting up Fee will acquire up the proposal at its August meeting.