FNB Tupelo to open new office in Fairpark
FNB Oxford, which opened a loan production office in 2007 in Tupelo as FNB Tupelo, is looking to build a full-service, two-story office in the Fairpark District.
The building would be behind Hodges Orthodontics, next to City Hall.
The bank would be about 7,000-square feet.
The building, according to blueprints, would mirror the architecture of nearby buildings. Jesco is the contractor on the project.
FNB Tupelo officials said they couldn’t comment on the project because the details haven’t been finalized. The loan production office has been housed in the Fairpark at Main retail center, which also is home to Park Heights, Fairpark Grill, Serendipity and and WCBI‘s Tupelo office.
FNB Tupelo will enter a market that has 40 branches representing 11 financial institutions. Including FNB Oxford/Tupelo, three other banks have opened in the market, including First American National Bank of Iuka, CB&S Bank of Russellville, Ala., and Farmers & Merchants Bank (FMB) of Baldwyn. Also, Community Bank of North Mississippi, which has been in Tupelo since 2006, moved into a larger office in 2010.
Lee County has about $1.8 billion in deposits, of which Tupelo’s share accounts for $1.65 billion.