The bank signed a five-year initial lease with three renewal options for the space, which is located on the first floor in the front part of the office building, Crowley said.
MORE: This former West Chester warehouse is now a unique curling-only facility
Four people will be hired in the first 90 days with more expected to be hired after the first year, he said.
The building’s location is one of the prime reasons Republic Bank chose to locate there, according to Republic Bank Market President Tom Saelinger.
“The Interstate 75 corridor running through Butler and Warren counties is the fastest growing area in the Greater Cincinnati market,” Saelinger said. “The West Chester banking center will enable us to better serve the many clients we presently have in the community and attract new clients as well.
“This is an incredibly attractive business market with a solid and growing bioscience, healthcare, and manufacturing base.”
MORE: October restaurant news: Openings, closings and announcements in Butler County
Neighboring Liberty Twp., one of the region’s fastest growing residential development markets, offers more opportunities for mortgage lending and more households to serve, Saelinger said.
“We already have an established customer base in the Butler and Warren county markets, specifically in West Chester, Liberty Twp. and Mason,” he said.
Since entering the Greater Cincinnati market in 2007, Louisville-based Republic Bank has grown to nearly $400 million in local assets and approximately $180 million in deposits. The bank has grown organically without acquisitions and in just the last three years has opened new banking centers at 4030 Smith Road in Norwood, as well as in 25 Town Center Blvd. in Crestview Hills, Kentucky.
“Our decision to open this new banking center in West Chester is part of our commitment to our clients to respond to their needs for a strong community bank in the local area,” said Steve Trager, Republic Bank’s chairman and CEO.
Kevin Herthel, Republic Bank’s vice president and market manager, said the bank is “one of the few community bank choices in Butler County with the technology of a larger regional bank.”
MORE: Several hotel chains making Ohio debuts in Butler County
About the Author
