Premier Commercial Bank will open a loan production office at 1380 Eastchester Drive at Eastchester Commons. The office is under construction with plans to open in mid-October.
“Opening the office is a first step in our business strategy to raise our profile in High Point,” said Frank Gavigan, president and CEO of Premier, in a press release issued by the bank.
The High Point office will be managed by Leah Price, senior vice president and High Point market executive, who has worked in the High Point banking market for 14 years.
The High Point office is applying for FDIC insurance to operate as a full-service location by early 2010. Price said the new High Point office is an important part of the bank’s plan for future growth.
“The bank’s business plan was to be a Triad business bank from the beginning,” Price said. “We want to have full service in Greensboro, High Point and Winston-Salem.”
Premier began operations and 2008. It offers commercial and personal banking products, but also prides itself in assisting local businesses.
“Our primary emphasis, although we have a full array of retail products for the individual and consumer, is on business owners and investors,” Price said. “We are finding a lot of opportunities because we do have the capital to lend in this environment. Some banks do not have the capital to be out there aggressively looking for opportunities to be able to loan (to small businesses).”
phaynes@hpe.com | 888-3617
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