First National to close bank in Greenmount

June 07, 1994|By From Staff Reports

First National Bank's branch in Greenmount is to be replaced by a drive-up automated teller machine by the end of the summer, bank officials confirmed yesterday.

The Hanover Pike office, which is scheduled to close Sept. 2, will be consolidated with the Hampstead branch, said Peter Floeckher, regional vice president for First National's northern region.

"Banks are opening more and more as retail outlets, selling financial products," he said. "We want to grow in new areas of the county, but before we put up new stores, we have to see where we can consolidate.

"We have no intention of abandoning Carroll County."

A study of residential growth in the North Carroll area suggested the consolidation, Mr. Floeckher said. First National has four Carroll County branches, including offices in Westminster and Mount Airy.

The bank is considering expanding in Carroll County, Mr. Floeckher said, but he did not specify where new branches may be. He also said he was unsure whether bank officials would sell the Greenmount building.

All Greenmount employees will have jobs elsewhere in the bank system, he said.

"There are plenty of opportunities with First National Bank," said Mr. Floeckher, repeating what employees were told. "Our intention is not to lay off anyone."

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