Owner of Old Town’s The Arcade is opening a sweet-and-spicy new business in Delano
Peoples Bank and Trust to develop branch office in Newton, Kansas.
Occidental Management announced Monday the closing on a land parcel with Peoples Bank and Trust to develop a new branch office on OMI’s 80-acre land parcel in Newton, Kansas.
Peoples Bank and Trust purchased just over one acre of land to construct their new branch in Newton. Once open, Newton’s Peoples Bank and Trust will staff five employees, led by Melvin Schadler. Customers may currently visit the temporary location at 123 E. Broadway, Suite 101 for all their loan needs. Beginning January 2022, the temporary location will be a full-service location for all banking needs.
“Since we came to Newton in early 2021, we knew we wanted to grow in this community,” said Tom Pruitt, President and CEO of Peoples Bank and Trust. “Our customers can expect the new building to include a beautiful lobby with ample parking, wide drive-thru lanes, and an ATM. This location will allow us to continue to build relationships and make an impact in Newton.”
Occidental Management Sales and Leasing Agent Charlie King handled the deal for Occidental. He says momentum in the new development is increasing, with increased interest in the remaining outparcels marketed towards retail and quick service users.
Occidental Management General Manager of Operations Chris Harmon says the City of Newton played a large part in solidifying plans for Peoples Bank and Trust’s expansion into the area.
“This development could not have happened without the help of Newton City Manager Kelly McElroy, Newton Community Development Director Zach McHatton, and Newton city council members Rod Kreie and Leroy Koehn,” said Harmon. “They have been instrumental in facilitating this deal.”
Groundbreaking is scheduled for Spring 2022, with completion by Spring 2023.
About Occidental Management
Occidental Management is a premier Commercial Real Estate Development and Management Company in the Midwest that operates in a variety of real estate segments including retail, office, and industrial development. Occidental Management is a vertically integrated company with services that include development, construction, sales and leasing brokerage and property management. Our professionalism, value creation and commitment to quality are the hallmark of Occidental Management and its associates. We are known for our innovative and dynamic real estate development concepts. We put special focus on establishing strategic relationships with our partners, clients, and investors to create ‘value-add’ results. Learn more at www.occmgmt.com.
About Peoples Bank
Peoples Bank and Trust has 16 locations in Central Kansas. Visit www.peoples.bank for more information.