Groundbreaking At Iowa Trust
Ground was broken Tuesday for a two-phase addition and remodeling project at Iowa Trust & Savings Bank in Emmetsburg.
“We are adding to our present facility and will be remodeling our bank building to meet the needs of our customers and staff,” said Kris Ausborn, President and CEO of Iowa Trust & Savings Bank. “We have seen growth in the last year and a half, from 20 full time staff members to 29; and an increase in asset size of 55-percent to $130 million.”
Members of the Iowa Trust Board of Directors had shovels in hand to lift the first dirt Tuesday, signaling the beginning of the project on the east side of the building at the corner of 10th and Union.
Phase 1 includes the addition of a handicap accessible elevator and relocation of the operations facility to the lower level. Addition of the elevator will see less than 100 square feet addition to the exterior.
To make room for the operations department, the community room will be relocated, but remain available to the public. This project also includes video conference capabilities and handicap accessible restrooms.
On the lower level, four offices and eight work stations will be built to allow for current and future growth.
“The actual bank area on the lower level, the operations area, will not be accessible to the public,” said Ausborn. “This is to protect our customers. In addition, we will be updating our IT and security systems.”
To allow natural lighting on the lower level, an area will be excavated to the east and high efficiency windows will be installed. The area will be landscaped.
“We will be updating all of the mechanical and electrical systems in the building,” Ausborn explained. “We will be replacing our current mechanical units with higher efficiency heating and cooling.”
Completion of Phase I is expected by Dec. 31, 2008.
Phase II is remodeling the main level of the building, including the lobby, offices and drive-up. Work is expected to begin there in January 2009 and be completed by June 30, 2009.
“No services will be affected by the remodeling project,” Ausborn said. “We will be open for business as usual with regular hours.”
In addition to remodeling the interior, Iowa Trust will replace its existing outdoor sign and message board with a state-of-the-art message center.
“The public and our staff will really enjoy the new facilities,” Ausborn commented. “This project indicates the commitment to the community of local ownership led by the Spies family.”
An open house will be held in conjunction with Iowa Trust & Savings Bank’s 80th Anniversary next summer.