Traverse City State Bank is one of three financial institutions located in downtown Traverse City planning to move their local headquarters this fall or winter.
The bank will relocate from 310 W. Front Street, where it has been the anchor tenant since the building opened, to Harbour View Centre on Grandview Parkway across from the volleyball courts. The move will accommodate growth, bring staff into a combined office space, and position the bank next to one of its highest profile customers, the planned Hotel Indigo.
The bank is also exploring a potential drive-through location at a building it owns at the northwest corner of W. Front and N. Maple.
“We are financing the construction of the world class Hotel Indigo which will be next door,” says Traverse City State Bank CEO Connie Deneweth. “We will hopefully maintain our presence on Front Street with a possible new drive-thru branch. The combination of these two facilities will enhance and improve the ‘downtown’ banking experience with TCSB for our customers.”
Two financial institutions now located at Harbour View Centre will be moving.
First National Bank of America acquired several condominium units at 315 N. Division Street (former home of IE Effects) and will renovate the space into a permanent branch location. Traverse City Market President Todd Gignilliat says, “We decided that it was a good time to invest in our Traverse City branch by acquiring a permanent location in Traverse City.” Sean McCardel Construction is leading the construction, which will be completed in late August.
Lake Michigan Credit Union will move to occupy some of Traverse City State Bank’s former space at 310 W. Front. The Grand Rapids-based institution, which leads all Michigan credit unions in mortgage origination, will expand from just mortgage services here to serve a wider audience. Marketing VP Don Bratt says, “We are looking to grow and expand, and Traverse City has a vibrant business space and consumer space.”
In other business moves, Russ and Leslie Knopp, owners of Comfort Keepers, have purchased the building at the corner of Eighth Street and Garfield Avenue where TC Computers and Eastfield Party Store are now located. Comfort Keepers, which provides in-home care for seniors, will relocate from a mile south on Garfield to the new location, where they will renovate part of the building’s interior to accommodate an employee training lab and offices.