New homes, new businesses and a crowded Cockeysville bank branch all helped cause First National Bank of Maryland to decide to construct a new building in the Cockeysville/Timonium area.
The new branch, near Padonia Road at 9625 Deereco Rd., will open by the end of the month.
"The Baltimore County economy is strong, particularly in that part of the county," said William J. Frank, public affairs executive for First National.
"That area has seen a lot of growth in the last several years. It's a very convenient location. It provides a good mix of retail and commercial customers, so we thought it was a prime location and it complements our franchise in Baltimore County as well."
Kathy Schlabach, senior planner for the Baltimore County Office of Planning, concurred that there has been much office and retail growth in that area of the county.
Within the last 10 years, several office buildings, corporate centers -- including the Padonia Corporate Center -- and warehouses have been built in Hunt Valley and along Deereco and Old Padonia roads.
So bustling is the area's business that the Green Spring Business Center, a 30,000-square foot commercial office building, was 40 percent leased last month, two months before it was scheduled to open. The building was developed by Poffel & Walker.
The new bank branch will be near the new $440 million Northern Light Rail Line, currently under construction by the state.
Though the line will eventually run all the way to Hunt Valley, the initial phase will end at the Timonium Rail Passenger Station, now being built just east of Deereco Road.
The new First National branch will be the bank's 143rd in the state, and will employ seven full-time workers, all from existing branches.
The new branch should help relieve some of the traffic at the bank's busy Cockeysville location at 10431 York Road, Frank said. The franchise, he added, already has "a strong presence in the area. This will further enhance it."
The one-story, 2,400 square-foot brick building will provide customers with a drive-through window for transactions during banking hours as well as a 24-hour automatic teller machine.
About two-thirds of the bank's branches have ATMs, and Frank said they are included in the construction of all new buildings.