Middletown Valley Bank has opened its new credit-servicing center at 11 Public Square in downtown Hagerstown.
A ribbon-cutting ceremony and grand-opening celebration is set for 10 a.m. Wednesday, with Mayor Robert E. Bruchey II and members of the Hagerstown City Council.
Officials have said that the location is not a bank branch. It houses employees who primarily support bank branches’ lending operations.
In a December news release, the bank announced plans to open the credit-servicing center on the Public Square.
The bank’s lending division — which includes commercial banking, loan operations and credit services — moved from Middletown to occupy about 5,000 square feet on the first and second floors of the High Rock building at Potomac and Washington streets, the release said.
Initially, close to 20 jobs will move to downtown Hagerstown, with plans to increase that number to 30 within the year, the release said.
BJ Goetz, the bank’s president and chief executive officer, said the move will allow not only an expansion of the credit operation, but also growth for continued expansion of the bank’s residential mortgage, deposit and corporate services at the main office in Middletown.
"Middletown Valley Bank is a community bank and committed to supporting the communities we serve," Goetz said in a news release Monday. "Having a presence in downtown Hagerstown helps prove that commitment."
In the same release, Randy Gray, business development specialist for the city, said: "Middletown Valley Bank is such a caring and reputable organization. This office relocation comes at a perfect time and certainly shows that downtown Hagerstown is open for business."
Middletown Valley is a full-service community bank with offices in Frederick and Washington counties.