Commercial lending demand leads to two new Monarch Community Bank centers

Monarch Community Bank plans to open two lending centers and add six jobs in Southwest Michigan in coming weeks.

Both new locations will be solely for commercial lending and mortgages, not a branch where customers can make deposits or other banking transactions.

The first lending center, opening Sept. 19, in Kalamazoo will be a 3,000-square-foot office in a shopping center at Ninth Street and West Main. The loan office will have two employees when it opens and it is expected to increase that number to four as demand grows.

That growth already is being seen in St. Joseph where Monarch Community Bank is moving into a larger office.

The bank has been in St. Joseph for a year and has found it needs larger quarters, says Jack Reed, vice president of residential lending. The new space at Suite 109, 800 Ship Street, is 2,000 square feet and has four offices. The bank is in the process of hiring two additional employees to bring its St. Joseph staff to four.

"We've been in St. Joseph for a year now and our business continues to grow," Reed says.

To celebrate the move to a larger location a ribbon cutting has been set for 4 p.m., Sept. 20 and Reed invites the community to see the new offices and meet the staff.

Monarch Community Bank is based in Coldwater and says its mission is "to make banking fun and easy and help customers retire wealthy."

Writer: Kathy Jennings, Second Wave Media
Source: Jack Reed, Monarch Community Bank
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