You have permission to edit this article.
Edit

Oak View National Bank plans new headquarters, main branch on Waterloo Street

  • Updated
  • 0
photo_ft_news_Oak View HQ-1_20210521.jpg

Oak View National Bank is currently headquartered at 128 Broadview Ave. in Warrenton.

More than a decade after its founding, Warrenton-based Oak View National Bank will soon have a purpose-built headquarters and main branch. The company plans to build a 7,000 square foot building on a vacant lot on Waterloo Street, just down the road from its current headquarters on Broadview Avenue, according to the bank’s CEO. If everything goes to plan, the new facility will be open within one to two years.

The new Warrenton facility will feature a drive thru, something the current location on Broadview Avenue lacks. “The main reason for moving to the new location is to provide drive thru service to our customers,” said Oak View CEO Mike Ewing. This week’s announcement is the culmination of a five-year search for a suitable property, and 20 to 30 locations were considered.

Oak View HQ map.png

The bank was founded in 2009 and is currently headquartered in a former tractor dealership at 128 Broadview Ave.; additional retail banking branches are located in Marshall and Culpeper and a loan production office is located in Rappahannock County.

The new building will also “allow us to continue to add staff to serve our growing customer base,” Ewing added, noting the bank is utilizing about 3,800 square feet of space in its current Warrenton headquarters.

The new site is located on a 1.2-acre lot at 340 Waterloo Street at the corner of Garrett Street and is adjacent to the Waterloo Station Shopping Center. “This location will allow easy access to the downtown area as well as convenient access to the Broadview Avenue Business Corridor,” Ewing said.

“We are anxious to get in, but it will take a year or two get through the site plan and special use permit process, grade the lot and build the building,” he said.

In addition to the new main office, Ewing said the bank has taken steps to expand and improve its online banking services recently. “We’ve spent the better part of the last year improving our digital products,” he said. Online loan applications and processing, for instance, will soon be available, he said.

“We are firmly committed to remaining an independent community bank and establishing a facility in town is … indicative of that,” said Ewing.

Buoyed by the U.S. Small Business Administration’s Paycheck Protection Program – Oak View is a participating lender – and an increase in deposits, the bank reported a $764,898 profit the first quarter of 2021, up 310% from the same period last year.

Reach Coy Ferrell at cferrell@fauquier.com

2020 was a year marked by hardships and challenges, but the Fauquier community has proven resilient. The Fauquier Times is honored to serve as your community companion. To say thank you for your continued support, we’d like to offer all our subscribers -- new or returning --

4 WEEKS FREE DIGITAL AND PRINT ACCESS.

We understand the importance of working to keep our community strong and connected. As we move forward together into 2021, it will take commitment, communication, creativity, and a strong connection with those who are most affected by the stories we cover.

We are dedicated to providing the reliable, local journalism you have come to expect. We are committed to serving you with renewed energy and growing resources. Let the Fauquier Times be your community companion throughout 2021, and for many years to come.

Subscribe

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

The future of Fauquier Times now depends on community support. Your donation will help us continue to improve our journalism through in-depth local news coverage and expanded reader engagement.

Keeping you connected to the Community. Find or Submit your local event here..