Categorized | Banking & Finance, Business news, Downtown Tupelo, Fairpark District, Northeast Mississippi, Oxford, Tupelo

FNB Tupelo breaks ground on new $1.5M Fairpark location

Biz Buzz broke the news three weeks ago that FNB Tupelo was looking to build a new two-story office in Fairpark, and bank officials

An architectural rendering of what the new FNB Tupelo office will look like.

An architectural rendering of what the new FNB Tupelo office will look like.

broke ground today.

Although, technically, construction crews have been working the site and there’s a big hole in the ground.

Anyway, the location is behind Hodges Orthodontics and across from City Hall. It represents an investment of more than $1.5 million.

Construction should take about nine months and the branch is set to open in the fourth quarter of next year.

John L. Barrett, the president and CEO of FNB Oxford (FNB Tupelo’s parent) noted Tupelo is his bank’s first and so far, only, location outside its home market.

“Tupelo is a good business community, a good  economy, a good market,” he said.

FNB Tupelo opened a loan production office in 2008 in the Fairpark at Main building that houses Fairpark Grill and Park Heights.

That office is about 2,000 square feet; the new office will cover 7,000 square feet. It will be a full-service office, as well.

But, no drive-through, Barrett said.

FNB Tupelo has been led by Richard Alvarez since its opening, and Barrett credited him and his staff for building its customer base.

“They’re a key reason why we’re here today – customer service,” he said.

FNB Tupelo employs five, but looks to add more as it grows, Alvarez said.

Read more in Friday’s Daily Journal.

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