Mount Vernon News
 
 
A new branch office of Peoples Bank is scheduled to open this summer at 1051 Newark Road in Mount Vernon at the former K&E Federal Credit Union.
A new branch office of Peoples Bank is scheduled to open this summer at 1051 Newark Road in Mount Vernon at the former K&E Federal Credit Union. (Photo by Fred Main) View Image

By Mount Vernon News
February 26, 2013 10:16 am EST

 

MOUNT VERNON — Expansion will soon be taking place with Peoples Bank of Gambier as a new branch office is planned to be opened at 1051 Newark Road, just south of Lanning’s Foods, said Peoples Bank President Paul Wreede. Purchase of the property was recently completed, which was formerly the site of K&E Federal Credit Union.

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“The facility was available, so we bought it. We’ll do some rehabilitation to it and should have it open sometime this summer,” said Wreede. The building and property will be remodeled to include a drive-up banking window and ATM. “We’re doing very well. We have one branch on Upper Gilchrist Road and just decided to expand,” he said.

Peoples Bank has been in existence since 1920. It is currently the only local bank headquartered in Knox County. The Knox County main branch is located at 103 E. Wiggin St. in Gambier, and a second office is at 11423 Upper Gilchrist Road, Mount Vernon.

Wreede expects the bank branch to be open as early as July 1 and no later than Sept. 1.


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