As the summer season dawns today, so too does construction of Mid-Missouri Bank’s new combined headquarters and full-service branch.
A groundbreaking ceremony this morning kicks off the project at 1615 E. Independence St. It’s only 100 yards to the south of the bank’s existing corporate offices at 1619 E. Independence St.
The project cost is estimated at $4 million, according to a city permit. Project architect Buxton Kubik Dodd Design Collective also is providing mechanical, electrical and plumbing engineering work. Dewitt & Associates Inc. is the general contractor with Toth & Associates Inc. handling additional civil and structural engineering work.
“Our strategy in Springfield has led thus far to the advances we be believed it would, and at a pace faster than we had imagined,” Dan Derges, Mid-Missouri Bank community president, said in a news release. “We’re proud that we can achieve the best design and construction results by working with truly local partners, all based right here in Springfield.”
Situated between Thompson Sales Co. and Sofa City, the building’s planned features include an outdoor deck area on the roof and the permeation of natural sunlight, according to past Springfield Business Journal reporting on the project.
The three-story bank design will decrease its operations space to 19,125 square feet from a current 23,000 square feet, according to bank Marketing Director Andrew Moore. He previously told SBJ the bank has a lot of unused space in its current office, where it has operated since 2002.
All 42 of the bank’s current corporate employees plan to move in upon completion, which is expected by June 2020. The existing headquarters has been sold, but Moore declined to disclose the price or its purchaser. According to Greene County assessor records, Glenngary LLC owns the 1619 E. Independence property. The bank listed the building for sale at $3.1 million in October 2018 with R.B. Murray Co.
The new branch will give Mid-Missouri 14 banking locations in 10 communities. It ranked 11th on SBJ’s 2018 list of the area’s largest banks and savings banks, with nearly $339 million in local deposits.
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