American Patriot Bank is today announcing plans to relocate its Asheville Highway Branch, at 506 Asheville Hwy., to a new .99-acre site at 1118 West Main St.
"The new location will provide customer convenience and allow for future growth, and efficiency," President and CEO Randy Hall said in a news release
"We are excited about this move and the opportunities it will bring to our new and existing customers."
The Bank offers a broad range of traditional banking services from its corporate headquarters in Greeneville, and its three other branch offices.
The news release stated that, after 10 years at the current site, the Branch will discontinue customer service there at the end of the business day on Friday, March 29, as the relocation project begins.
"Until reopening at our new address, our team of employees will welcome serving our West Greeneville customers from either the 208 West Summer St. or the 3095 East Andrew Johnson Hwy. locations," said Senior Vice President David Bailey.
The new branch, which is expected to resume business this summer, will continue to offer the full array of personal and business banking products and services that are now available at the Asheville Highway location, in addition to enhanced accessibility, the news release said.
"As a local financial institution that is committed to serving the Greeneville and Greene County community, it is our goal to keep customer needs at the forefront of all our business decisions." Bailey said.
Donna Dearing will continue to serve as the branch manager.
The 1.9-acre Asheville Highway site is being bought for the construction of a new CVS pharmacy.
AWARE OF SITE'S HISTORY
The American Patriot news release explained that the relocation site on the Newport Highway, which has been owned by the Bank for the past three years, was once a local economic center for the tobacco industry.
"Warehouses at the site are now a memory. Only the water tower remains as a reminder of our past," the news release stated.
"American Patriot Bank recognizes the importance of local history," the release continued. "Demolition of the tower is not part of the present relocation plans."
In addition, President and CEO Hall stated that "American Patriot Bank is open to suggestions as to how this landmark could feasibly be preserved."
The water tower, a tall, familiar feature in Greeneville for many decades, is located on property that adjoins the branch relocation site but not on the relocation site itself.
The entire tract is owned by American Patriot.
American Patriot Bank is the subsidiary of American Patriot Financial Group, Inc., with total assets of approximately $83 million at Dec. 31, 2012, the news release noted.
