Despite its advantageous location, the building that houses the branch is small and until the past few years, confined to a small lot. That is because the branch began as Watauga Valley Bank in Jan. 19, 1976. When Watauga Valley failed in August 1984, the building was acquired by Carter County Bank.
The small size of the building, its large volume of business and its visibility are all reasons why the bank’s directors have been considering a complete rebuild of the branch.
Andrew McKeehan, market president for Bank of Tennessee, said there have been several preliminary plans drawn up for a rebuild. He said the bank has also purchased six adjoining lots to the south of the current building in order to expand the branch.
The property is located adjacent to Kendrick Avenue and East Street. One lot is vacant. The remaining five lots have houses on them. The bank will request that the lots be consolidated and joined with the existing bank property in order to create room for the rebuild and expansion.
The expansion will include the addition of new interactive teller machines (ITMs) and additional access to the building. The bank is requesting that a portion of Kendrick Avenue be closed where it runs adjacent to its recently acquired property . The bank is also requesting the relocation of a sewer line running beneath the property.
The bank will present its site plan to the Elizabethton Regional Planning Commission on Thursday at 6 p.m. for approval.
The site plan is just one of the items to be considered by the planners. There is also a rezoning request to convert the property from high-density residential (R-3) to arterial business (B-2).
The city's staff recommends approval of the bank's requests.