Traverse City Record-Eagle

August 6, 2013

New Traverse City State Bank branch in works

Traverse City Record-Eagle

---- — TRAVERSE CITY — Traverse City State Bank officials hope to open a new branch with a drive-through window at the intersection of West Front and Maple streets after they relocate their headquarters to West Grandview Parkway.

Bank officials are eyeing 600 W. Front St. for the new branch, but the Traverse City Planning Commission first needs to change the property’s zoning to allow the drive-through teller window.

City planning officials said commissioners need to think about several factors in considering the zoning change, including whether there are sufficient demands for a financial institution at the location and whether the rezoning request complies with the goals and policies of the city’s master plan.

“Is it in the interest of the citizens of Traverse City?” Planning Commissioner Tim Werner said. “That’s how I look at it.”

The planning commission will discuss the proposed project for the first time during a meeting tonight.

Marc Judge, vice president of client services for Traverse City State Bank, said customers will have better access to a branch with a drive-through than they have to the branch currently located at the bank’s West Front Street headquarters.

”We’ve been here for 13 years and the only way to get in to the branch now is to park on Front Street, wait for traffic to clear and do the Frogger thing,” Judge said.

The proposed location of the new branch, 600 W. Front St., sits east of CVS Pharmacy. The bank owns the property and plans to develop the site in conjunction with CVS property owner Velmeir Companies pending approval of the zoning change, Traverse City State Bank Chief Executive Officer Connie Deneweth said.

Initial plans call for customers to access the bank via Maple Street and exit through the CVS parking lot. The two businesses would also share parking space in the CVS lot.

The new branch would include two 24-hour ATMs, including a drive-through ATM.

Bank officials plan to submit a formal application for a zoning change to the planning commission for its September meeting.

Construction of the new branch will take about six months if the commission grants the zoning change, Deneweth said.

The zoning proposal for the new West Front Street location comes as bank officials prepare to relocate their headquarters to 333 W. Grandview Parkway.

That move should be complete by mid- to late-November, Deneweth said.