Work will begin soon on the new First Citizens Bank branch at Crossroads Mall and should be completed by late spring, according to a news release from the bank’s corporate office.
The bank, which earlier had declined to provide details about the building, recently sent a news release with more information.
The Crossroads branch will replace the branch on Valley View Boulevard, said bank spokesman Frank Smith. The move is happening because the bank wanted to own its property rather than lease property, Smith said.
The bank is currently leasing the Valley View property from a Charlotte-based company, Hersh 2003 LLC. First Citizens bought the Crossroads property, formerly a SunTrust bank branch, for $1.2 million earlier this year. The old building will be demolished. A contractor for First Citizens has filed a demolition permit with the city. That permit is under review, according to online records. A building permit filed in July valued the construction of the new building at $1.25 million.
The new, 3,500 square-foot brick building will have five offices, a conference room, lobby, teller line and three drive-through lanes, Smith said in the news release. It will offer personal and business services.
The bank will also feature what Smith called an “intelligent deposit ATM,” which allows customers to deposit cash and checks without the use of envelopes and deposit slips. The branch will be one of nine in Roanoke, Vinton, Salem and Botetourt County.