BNA Bank, headquartered in New Albany, hosted a groundbreaking ceremony this morning, August 7, for its third bank location in Tupelo.
Construction is already underway for the 18,000 square foot building located at 105 East Main Street in downtown Tupelo.
The first floor of the new building will house BNA’s latest full-service banking center in a state-of-the-art open floor plan. There will be an additional 4,500 square feet on the ground floor available to tenants. The 9,000 square foot second floor will be office space and has been leased to the Phelps Dunbar Law Firm. The building will also have a rooftop venue for events.
The new building will house BNA’s third location in Lee County, joining the Belden and Barnes Crossing Banking Centers, which opened in 2007 and 2015 respectively.
“We are excited to expand in the Tupelo and Lee County market,” said BNA Chief Executive Officer James R. “Bo” Collins. “This location further demonstrates our commitment to serving the people of Tupelo and Northeast Mississippi.”
The building is scheduled to be completed and open for business by Spring/Summer 2022.
“We know digital and online financial services have experienced significant growth, which has been accelerated by the COVID-19 pandemic,” said Collins. “While our new full-service banking center will still offer traditional transaction-based bank services, the widespread acceptance of digital financial services has shifted the branch bank focus to assisting customers with solutions to their unique financial needs. The bankers in our downtown center will be equipped to assist customers with a wide variety of needs, from digital technology issues to planning for retirement to starting a small business.”
BNA Bank, established in 1896, is a state-chartered bank with approximately $678-million in assets. It is one of the few ‘A’ rated banks by Weiss Bank Rating Services and was inducted into the Seifried and Brew Top 15th percentile of community banks. BNA has seven locations in Union and Lee counties and one loan production office in Lafayette County.