RICHMOND, Va. — As it works to complete its new local headquarters downtown, TowneBank is moving forward with another new location at a major development to the west.
The Hampton Roads-based bank last month received approval from state and federal regulators to open its latest Richmond branch, in Gumenick Properties’ 80-acre Libbie Mill Midtown development off Staples Mill Road.
TowneBank is taking a 3,000-square-foot space at 4901 Libbie Mill East Boulevard, a corner space of a newly constructed strip of office and retail space that fronts Staples Mill Road and sits across from the Southern Season store.
The Libbie Mill branch will replace Towne’s aging 2,200-square-foot location at 5011 Brook Road, which it inherited through its acquisition of Franklin Federal Savings Bank in early 2015.
Gumenick representatives would not comment on the status or timeline of the overall development.
Click over to RichmondBizSense.com to find out more about the opening date.