Madisonville-based First United Bank and Trust Co. is planning to locate in Owensboro Market, opening a branch in the former Old National Bank location at 3012 W. Parrish Ave.
It will be the 12th bank in the city.
J. Jason Hawkins, president and CEO of the 24-year-old bank, said the site opened on Friday as a loan production office.
It will only work by appointment.
People can call 270-821-5555 for an appointment.
Once regulatory approval is obtained, Hawkins said, it will be expanded to a full-service banking center – hopefully in the first quarter of 2021.
He said, “As we looked to expand our footprint, we knew our local banking brand would be well received in Owensboro. We’re going to hit the ground running. It’s really exciting. “
First United has assets of $ 380 million in two locations in Madisonville plus one each at Beaver Dam, Earlington and Marion.
Scott Tooley, former Owensboro Market President for South Central Bank, has been appointed First United Market President.
Travis Huff, former assistant vice president / commercial lender at South Central Bank, will be vice president / commercial banker at the new bank.
First United plans to hire an additional three to five people once the full-service banking center opens.
Tooley began his banking career in Owensboro in 1988.
“My idea of banking is about helping others and developing relationships,” he said. “My alliance with First United allows me to bring this experience to my hometown and continue to serve the community I love.”
Huff has been in the banking industry for 14 years and has worked for First United Bank for three years.
The West Parrish location was a launching pad for Old National Bank in Owensboro 20 years ago.
Old National opened the branch in 2000, gaining a foothold in the community, before building three more sites in town.
It closed the West Parrish site last spring.