Englewood Bank & Trust recently held a groundbreaking ceremony at the site of its new Venice office, 207 Tamiami Trail South and 116 Miami Ave. Since 2013, the bank has operated a loan and trust production office at 341 Miami Ave. W. contractor, J2 Solutions Inc. of Venice, the event featured remarks from several of the parties involved and a grading ceremony with shovels and helmets.
“We are excited to expand our loan and trust production office into a full-service banking center,” said Bank President Kevin Hagan. “I think this is a great opportunity for all of us to grow and be a part of this community. I would also like to thank many people who have assisted us throughout this process, including city employees, city council and volunteer architectural review committees.
The new office will be a 2 story, 4,217 square foot structure. As a full-service branch, it will offer consumer, business and real estate loans, chequing and savings accounts, comprehensive trust and investment management services and more. The branch will be chartered by the State of Florida and insured by the FDIC.
“On behalf of the Chamber, we would like to thank you for making a real investment in the Venice region,” said Kathy Lehner, President and CEO of the Venice Region Chamber of Commerce. “I know you came here, but laying a real foundation makes you an important part of Venice.”
Since the location is in the heart of historic downtown Venice, there will be no drive-thru banking lanes, although the bank will have an ATM. Construction is expected to be completed by the end of the year. The proposed bank is near Cassata Square, a commercial development that will include a Prime Serious Steak restaurant. ¦