Middletown Valley Bank’s Commitment to Hagerstown Remains Strong with Plans to Open New Operations Center
6/22/2018 – Middletown Valley Bank is further investing in the economic growth of Hagerstown with plans to lease the Smith Elliott Kearns and Company (SEK) building on North Potomac Avenue in Hagerstown, MD. The Bank expects to employ approximately 30 people in the new facility by early 2019 with the opportunity to increase that number to upwards of 70 over the next few years as the bank continues to grow. The 13,400 square foot building is owned by the Hager5Group and will serve as an Operations Center for the bank.
“Middletown Valley Bank is continuously investing in the community. It’s refreshing to see more jobs being created within the city. This further demonstrates their commitment to Hagerstown and we are thrilled to welcome them to the building.” – Paul Crampton, Hager5 Group
This announcement comes just one year after opening the Credit Servicing Center in downtown Hagerstown which is home to the bank’s Commercial and Credit departments. Currently, MVB’s Operations staff is divided among multiple locations. This new space will allow various support departments to unite under one roof. The corporate headquarters in Middletown will remain home to the executive and administrative functions of the bank.
“Our commitment to Hagerstown is stronger than ever. We recognize the need to open an Operations Center and the SEK building in Hagerstown provides us the perfect opportunity to do so. We are excited to be creating additional growth in Hagerstown while providing the absolutely exceptional experience to our all of our customers and employees.” – BJ Goetz, President & CEO, Middletown Valley Bank
In addition to the new Operations Center, Middletown Valley Bank intends to open a new branch location in Hagerstown’s north end later this year.
Contact: Robert E. Goetz, Jr.
President and CEO
Middletown Valley Bank