Plans are in the works for TD Bank, a subsidiary of TD Bank Group, headquartered in Toronto, Canada, to open a branch in Plant City.
With two ATM locations currently in the city, this will be its first brick and mortar location.
The bank will be situated at 308 West Alexander Street in the building formerly occupied by Suntrust Bank. The property was purchased by Vantage Properties, LLC, a privately-held commercial real estate development and investment firm, in August for $850,000.
Vantage Properties vice president/partner and Plant City resident Scott Collins said as soon as his company purchased the property there were several national tenants interested in renting the space.
“We have a working relationship with TD Bank and so went ahead and struck a deal with them,” he said. “It was the easier of the transactions because they were able to repurpose the existing building.”
Originally built in 1985, the 3,225 square-foot property also features a 2,433 square-foot canopy and is ideally constructed for a banking corporation.
Contractors for the bank filed a building permit application with the city’s Building Division on September 20 to make modifications to the structure to make it conform to its existing bank buildings. While the plans were signed off on by the Planning and Zoning, Electrical, Plumbing, Engineering, Mechanical and Fire Departments, the Building Division needed amended documents.
Chief building official Juan Arevalo said there were issues related to the proposal’s life safety features, including an egress path to help customers and employees safely enter and exit the building.
“It’s important to make certain the plans meet all city ordinances and building and planning codes,” he said.
When open, the bank will feature an advice center format, which allows colleagues to have advice conversations with customers about their financial goals. It will also offer a variety of financial products and services including checking and savings accounts for individuals and businesses, mortgages, credit cards, home equity lines of credit and personal loans.
The bank will have sit-stand workstations that enable associates to adapt them based on the type of conversation they’re having with customers, who will also have the option to self-serve using two on-site ATM’s.
Coined “America’s Most Convenient Bank”, TD Bank is one of the 10 largest banks in the U.S., with more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, metro D.C., the Carolinas and Florida.
“TD Bank is committed to Central Florida and and looks forward to continuing to expand its store network statewide,” said Randy Estrada, Retail Market President for TD Bank. “As we continue to grow, we strive to maintain the personalized feel of a regional bank.”
Collins is thrilled to be working to bring new commercial development projects to town, especially as a resident of Plant City. “It’s always exciting to make a positive contribution to the city, it’s so much better than having a vacant building sitting there,” he said.