Tribune-Courier General Manager
BENTON – With an eye to the future, CFSB President and CEO Betsy Flynn, said discussions began in 1997 for a corporate building and banking center on 5th Street in Marshall County. The bank purchased seven acres in a rapidly growing part of town across from Walmart that same year and the rest will soon be history, as a move to the facility will take place in just a few weeks.
Flynn said the first set of plans for the building were completed in 2000. Construction began in September 2010 at a time when the economy was in dire straits, leaving some across the region to criticize CFSB for the project.
Flynn said in actuality, the timing couldn’t have been better for the community.
“We created 400 new construction jobs right here at home. Our folks were in dire need of employment. We purchased steel manufactured in Calvert City, Pella WIndows made in Murray and doors manufactured in Paducah. We are proud of the regional contribution to the economy through the construction, manufacturing and continuous employment for 175 bank team members,” she said.
Flynn also noted that costs to purchase materials for construction were at the lowest they had been in decades because of the weak economy.
“The majority of our customers and neighbors are so proud of this building and I constantly hear from people that they are excited that we’ve located our corporate office right here in Marshall County,” said Flynn.
CFSB’s 20 year growth plan calls for the continuance of establishing themselves as a regional community bank, with growth in Marshall and contiguous counties. They currently also have locations and a strong community presence in both Calloway and McCracken Counties.
CFSB currently has approximately 150 employees working in three separate buildings in what Flynn calls “extremely crowded conditions.” The move into the new banking center will eliminate crowding and provide room for future growth.
Flynn said she hopes the center is built to accommodate the bank’s needs for at least the next 25 years.
The downtown property which currently houses a banking center and corporate offices will be sold. There are plans to provide a mobile banking service to downtown businesses.
CFSB is planning a grand opening for September 27 and 28.