KINGMAN - Mohave State Bank broke ground for a new branch on Hualapai Mountain Road Feb. 6.
"We're at full capacity at our current location," Senior Vice President and Bank Manager Don Vawter said. Vawter said business has continued to grow, necessitating a new branch. They decided to go out along Hualapai Mountain Road to accommodate the growing market and to make banking easier for their customers in that area.
The new location, in addition to the current location on Stockton Hill Road, will divide the town to better serve customers, Vawter said.
The new facility was designed by architect Paul Selberg and is being constructed by T.R. Orr, Inc. It will be the largest branch in the company, he said, encompassing approximately 21,000 square feet. When it initially opens, Vawter said the bank will occupy about 9,000 square feet, while the remainder of the building would be leased until Mohave State Bank grows into it.
This branch will be the fifth Mohave State Bank branch. The bank started in October 1991 in Lake Havasu City.
Kingman became the second location for a Mohave State Bank branch in November 1994, followed by a Bullhead City branch, north Lake Havasu City branch and finally the new Kingman branch.
Despite what the name implies, Mohave State Bank is not limited to just Mohave County.
Vawter said they recently opened a loan production office in Yuma and hope to see it grow to a full-service bank facility within 18 months.
Mohave State Bank's current Kingman facility has about $110 million in assets, rounding off the company's more than $300 million in assets.
"We're a state-chartered, independent community bank. Our focus has always been on service and delivery of products," Vawter said. Interaction with customers sets the bank apart from others in the area, Vawter said. While they offer many of the same things others do, such as checking, savings and online banking, they also offer much-needed human interaction, he said.
When banking with Mohave State Bank, Vawter said customers can expect to always speak with a live person and have decisions made locally.
Mohave State Bank employs about 15 people at its current Kingman location. Vawter said they have had no turnover for about two years now.
Part of the current staff will relocate to the new branch, he said, because he feels it's important that familiar faces greet customers there.
In addition, he said they are looking to hire seven to eight new employees with the opening of the new branch.
Vawter said that he should begin hiring new employees around May or June.
The Miner inadvertently printed a photo of the Feb. 6 groundbreaking with several errors in Sunday's paper.
For more information about Mohave State Bank, call 692-9200.