Capital City Bank is expected to begin construction of its new corporate office and bank this month at 325 Fifth St. and Martin Luther King Jr. Boulevard in Macon, said Steve Jukes, Capital City's community president for Bibb County.
On Thursday morning, about 125 bank officials and other area government officials and business leaders gathered at the site for a ground-breaking ceremony. The three-story brick building will include a full-service lobby on the ground floor and additional office and meeting space on the two upper floors. It will have five drive-through lanes, including an ATM lane. The bank will be built by Macon-based Chris R. Sheridan & Co. as general contractor and it was designed by AtlantaÕs tvsdesign, formerly of Macon.
Tallahassee, Fla.-based Capital City bought the property in 2007 from the Macon-Bibb County Urban Development Authority. It is the site of the former Willow on Fifth restaurant, which closed in June 2006. While some banks are facing a financial crisis, Capital City is on solid ground, Jukes said.
ÒWe are over 110 years old, our earnings are strong, we have excess capital and our asset quality is good,Ó he said. While the bank considered other locations, Jukes said he was pleased with the downtown site. ÒWe wanted very earnestly to be a contributor to the redevelopment of downtown, and I feel so good about that,Ó he said.
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