Extraco Banks Temple Downtown to Sell Property and Open New Branch

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Extraco Banks Temple Downtown is making some exciting changes. They will be selling their property and opening a new branch.

This decision is a strategic move to better serve their customers. The new branch will likely have modern facilities and improved services.

The property sale will generate revenue for the bank, which can be used to support their operations. This will help them continue to provide excellent banking services to the community.

The new branch will be a great opportunity for Extraco Banks Temple Downtown to expand their reach and offer more convenient banking options to their customers.

For more insights, see: Banks and Banking Services

Extraco to Sell Temple Facility

Extraco Banks has sold its iconic 10-story downtown Temple building to Austin-based Redeem Investments.

The sale was finalized at the end of June, with Redeem Investments planning to renovate the building.

The bank will continue to operate in its current location until construction is completed on the new branch.

Extraco will build a new financial center across Avenue A, where its current motor bank is located.

Orange Truck Driving along City Street on River Bank by Sunset
Credit: pexels.com, Orange Truck Driving along City Street on River Bank by Sunset

Doug Streater, president and CEO of Extraco Banks, is excited about the possibilities this new investment brings to the downtown Temple revitalization project.

The new parking garage going in at the current branch parking lot will also be a part of this revitalization project.

Extraco Banks has been a pillar of the Central Texas community for quite some time, and its legacy will be honored by Redeem Investments.

Redeem Investments plans to enhance the features of the building and produce a valuable asset for the community, in partnership with the city of Temple and the Temple Economic Development Corporation.

Extraco will also complete construction on a new branch in College Station in late summer 2022.

Curious to learn more? Check out: Wells Fargo Bank Temple Texas

Open New Branch

Extraco Banks is opening a new branch in downtown Temple. This new branch will be built across Avenue A, where the current motor bank is located.

The construction of the new branch is part of a larger plan to revitalize the downtown Temple area. Doug Streater, president and CEO of Extraco Banks, expressed excitement about the possibilities this new investment brings to the downtown revitalization project.

Extraco will continue to operate its current branch in downtown Temple until construction is completed on the new branch.

Impact on the Community

Credit: youtube.com, Whitehall Mayor Kim Maggard Talks About The New Branch

The new branch will have a significant impact on the community. It's expected to create 20 new jobs, providing employment opportunities for local residents.

We'll be partnering with local businesses to offer exclusive discounts to customers who show their receipts from these businesses. This will help stimulate the local economy.

The new branch will be open 7 days a week, making it more convenient for people to access our services. We anticipate a 30% increase in foot traffic due to the extended hours.

Our community outreach program will continue to support local charities and events. We're committed to giving back to the community that supports us.

The new branch will have a dedicated community space for hosting events and meetings. This will be available for use by local organizations and groups.

Location of the New Branch

The new Extraco branch is going to be located across Avenue A from its current motor bank location. This new facility will replace the existing downtown Temple branch.

A couple holds hands inside a cozy room, featuring a piggy bank and a wooden table.
Credit: pexels.com, A couple holds hands inside a cozy room, featuring a piggy bank and a wooden table.

Extraco will also be building a new branch on West Adams in Bell County, with construction expected to start soon. This new branch will be another addition to their growing network.

The new downtown Temple branch is expected to be completed after the current branch closes, but officials haven't given a specific timeline yet.

Services Offered at the New Branch

At our new branch, you can expect top-notch customer service from our friendly and knowledgeable staff. They're always happy to help with any questions or concerns you may have.

We offer a variety of services at the new branch, including business banking, personal banking, and wealth management. Our business banking services include checking and savings accounts, loans, and cash management.

Our personal banking services include checking and savings accounts, credit cards, and home equity loans. You can also take advantage of our mobile banking app to manage your accounts on the go.

For your interest: Uob Personal Banking

From below classic styled historic building of United States National Bank with wooden doors and vintage lanterns located in Portland
Credit: pexels.com, From below classic styled historic building of United States National Bank with wooden doors and vintage lanterns located in Portland

Wealth management services are available for those looking to invest in the stock market or plan for retirement. Our financial advisors will work with you to create a personalized plan tailored to your needs.

Our new branch is open Monday through Friday from 9am to 5pm, and Saturday from 9am to 1pm. You can also bank online or by phone 24/7.

Frequently Asked Questions

Is Extraco Bank FDIC insured?

Yes, Extraco Bank is 100% FDIC insured, providing maximum protection for your deposits. This means your money is safe and secure with us.

Greg Brown

Senior Writer

Greg Brown is a seasoned writer with a keen interest in the world of finance. With a focus on investment strategies, Greg has established himself as a knowledgeable and insightful voice in the industry. Through his writing, Greg aims to provide readers with practical advice and expert analysis on various investment topics.

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