ECRU – First National Bank Ecru will open in September at 7670 Highway 15 North.
Bank and business leaders had hoped to see the bank – a branch of First National Bank of Pontotoc – up and running before BancorpSouth closed its location.
“We were optimistically hoping we could get in by mid-August at the start,” said Buddy Montgomery, First National Bank president.
The Ecru BancorpSouth branch is one of 23 to close this month as part of the company’s branch optimization plan announced in May.
First National agreed in July to fill that void in Ecru, hoping to open a temporary location up and running.
“The first temporary site we were trying to get permitted. … just didn’t work out,” Montgomery explained. “So we had to start over again.
“The good news in all this is we have a permanent address and the temporary bank is going to be installed right beside that location,” he said.
The bank will be located on the east side of Highway 15, some two blocks north of the red light at Ecru.
“We were able to secure two lots for the permanent bank and we are renting a third lot for the temporary location in the interim,” Montgomery said.
Montgomery said he hopes to get approval for the new location by Sept. 6.
Computers and supplies for the new bank are ordered and on their way, he added.
“We even have a staff ready and waiting for opening day of the full-service bank at the temporary location.”
The temporary location will have an ATM and drive-thru.
“We are making a statement that we believe in Ecru,” Montgomer said “We what this to be a magnet for other businesses to step out also and come do business in this community.”
Regina Butler/Pontotoc Progress