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August 7, 2002
Campbell, California Since 1999 |
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Community bank files for new downtown location
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William Jeske
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Fortunately for those who like to patronize
the shops and restaurants of historic
downtown Campbell, the convenience of banking
there should become available this fall.
Legacy Bank Proposed, which received approval
by the Campbell City Council in February, had
planned to operate at 238 E. Campbell Ave.
and share space in the Century 21 real estate
office building.
But recently another location, 125 E.
Campbell Ave., became available. This was the
former site of Bank of America, the last bank
to do business in the downtown area.
The architecture is better suited for the
business and more cost-effective, said Legacy
Bank Proposed President Steve Voelker. Teller
counters are already installed and the prior
bank left the vault.
Gabriel Masri, a general partner with Century
21, said that the bankers considered three
locations and the initial approved site was
just one of several options.
Officials involved with Legacy Bank are
currently refiling for another conditional
use permit and are scheduled to go before the
Campbell City Council on Aug. 27.
"Those are the rules - we can't just transfer
the permit to another location," said
Voelker. Until the paperwork is finalized and
the bank is officially open, the company is
required to put the word "proposed" by its
name.
The bank is being established as a community
bank rather than a commercial bank.
"Community banks tend to work closer with
the individual," said Campbell Chamber of
Commerce Executive Director Betty Deal.
"You're called by your name; you're not a
number."
Legacy Bank is being founded to provide a
full banking experience, Voelker said.
Commercial banks tend to develop a business
niche.
"The old Bank of Santa Clara is how we'd like
to model ourselves," he said.
Frank Leamy, one of Legacy Bank's proposed
directors and the owner of Campbell's Mama
Mia restaurant, said, "A commercial bank is
more difficult with people who just want to
cash a check. Our heart is to be in downtown
Campbell."
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