Bank of Lancaster’s new Richmond office is on the sixth floor of One Paragon Place.
A bank from river country has found a home in Richmond.
Bank of Lancaster this month leased space for its first permanent office in the market. The Kilmarnock-based bank is taking on 4,000 square feet at One Paragon Place, in an office park near the corner of Glenside Drive and West Broad Street.
It’ll be the hub for Bank of Lancaster’s Richmond region operations and will house its local wealth management and lending operations.
Arnold Blackmon, president of Bank of Lancaster’s Richmond market, said the bank will move into the space in the next month following minor upgrades. The office will start out with four employees as it looks to continue to add to its ranks.
The bank still is in search of at least one separate branch location in the market. Blackmon said it is initially targeting the West End and Near West End.
Arnold Blackmon
“We’ll have a branch by the end of the year and most likely one to two by the end 2015,” Blackmon said. “We’re going to be very targeted.”
The $340 million bank will occupy part of the sixth floor at One Paragon Place.
Pennsylvania-based Brandywine Realty Trust owns the 145,000-square-foot, six story building. Brandywine also owns neighboring Two Paragon Place and Three Paragon Place. They encompass 74,000 and 143,000 square feet respectively.
The 84-year-old bank officially entered the market in mid-February out of a temporary office. It marked its first push into a larger metropolitan area.
It’s one of several out-of-town banks to come to the Richmond area in search of new revenue. Most recently it followed the January launch of Charlotte, N.C.-based Park Sterling Bank’s entrance into Richmond.
Bank of Lancaster’s new Richmond office is on the sixth floor of One Paragon Place.
A bank from river country has found a home in Richmond.
Bank of Lancaster this month leased space for its first permanent office in the market. The Kilmarnock-based bank is taking on 4,000 square feet at One Paragon Place, in an office park near the corner of Glenside Drive and West Broad Street.
It’ll be the hub for Bank of Lancaster’s Richmond region operations and will house its local wealth management and lending operations.
Arnold Blackmon, president of Bank of Lancaster’s Richmond market, said the bank will move into the space in the next month following minor upgrades. The office will start out with four employees as it looks to continue to add to its ranks.
The bank still is in search of at least one separate branch location in the market. Blackmon said it is initially targeting the West End and Near West End.
Arnold Blackmon
“We’ll have a branch by the end of the year and most likely one to two by the end 2015,” Blackmon said. “We’re going to be very targeted.”
The $340 million bank will occupy part of the sixth floor at One Paragon Place.
Pennsylvania-based Brandywine Realty Trust owns the 145,000-square-foot, six story building. Brandywine also owns neighboring Two Paragon Place and Three Paragon Place. They encompass 74,000 and 143,000 square feet respectively.
The 84-year-old bank officially entered the market in mid-February out of a temporary office. It marked its first push into a larger metropolitan area.
It’s one of several out-of-town banks to come to the Richmond area in search of new revenue. Most recently it followed the January launch of Charlotte, N.C.-based Park Sterling Bank’s entrance into Richmond.