Seymour-based Jackson County Bank, known as JCBank, is planning to open a banking center in Greenwood’s Swartz Crossing Development.
The bank said the nearly 5,000-square-foot branch will be its 12th in the state and first in Johnson County.
In addition to personal banking services, the banking center will offer commercial and mortgage lending, as well as wealth management services. JCBank said it plans to support the growth with its wealth management and mortgage divisions.
“We appreciate the confidence the community has placed in our dedicated team and in our approach to banking, allowing us to expand our investment with the construction of this banking center,” JCBank President Marvin Veatch said in a news release. “In the midst of the larger regional banks closing their branch facilities and placing less emphasis on in-person banking services, the JCBank team is devoted to carrying out its relationship-centric and customer-focus approach.”
The branch is expected to open by the end of the year.
JCBank has multiple branches in Seymour, North Vernon, Bedford, Bloomington, Brownstown and Columbus. The company traces its roots to 1900, when it opened as the Jackson County Loan & Trust Co. with initial capital of $25,000. It now has assets of more than $750 million.
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That asset number looks to be missing 3 zeros. $625,000?