KeyBank has announced plans to sell its property at 87 Albany St. in Cazenovia and relocate its current branch to lease a recently constructed facility. The bank will share the parking lot with Harris Cleaners and the property will be named Key Bank Plaza.
"They are what we felt was a good tenant," said Fred Harris, landlord.
According to Michael S. McMahon, senior vice president for KeyBank's Retail Banking division in Central New York, the new facility reflects Key's commitment to - and investment in - the financial well being of Cazenovia and its citizens.
"We were extremely pleased to announce our plans to the village board," said McMahon. "Several residents in attendance were very complimentary about the project and they were excited that Key Bank was sincere in re-investing into the village."
The architect for the project is Vocon, Inc. and the office is projected to open in September.
"We have more customers than we've had in the past," McMahon said. "This gives us the ability to grow as Cazenovia grows."
The 3,100 square-foot branch, managed by Frederick Agerter, will have six employees, who provide a variety of services ranging from traditional retail banking, investment products and private banking to small business banking and commercial banking.
Prospective clients will benefit from state-of-the-art technology and design, aimed at creating a unique and special banking experience. Clients will also notice a number of new features when the office is complete.
"We want to add local touches but keep up with the technology in banking," McMahon said.
The new branch will feature a vestibule with inlay in the floor with the village and Key Bank insignia. The walls will reflect local history.
"Our goal is to create a welcoming environment for our clients and guests that reflects the spirit of the community we serve and the solutions we offer," McMahon said. "Key's branches are a very tangible and visible expression of our brand, as well as our broader community bank strategy, which includes enhancing our delivery channels and developing our employees."