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Bank will close next week

The Chemical Bank branch at 5002 Center Street in Fairgrove will close on Friday, Feb. 15. It is one of six branch banks the company is closing.

By Mary Drier
Staff Writer

FAIRGROVE — Valentines Day will bring a lot of heart break and emotions for some in Fairgrove.

The Chemical Bank branch at 5002 Center Street in Fairgrove will close on Friday, Feb. 15. It is one of six branch banks the company is closing.

Chemical Community President of the Caro Bank Dennis Gilkey, said a lot of thought went into making the decision, and some of the main reasons for the closing are the change in customers’ banking habits and the branch’s proximity to other Chemical Banks.

With direct deposit, ATMs, debt cards, and on-line banking from home, people are not physically going to banking locations like they used to.

Because of the closing, the village of Fairgrove will be moved to Chemical Bank in Caro, which is about nine miles away.

Village Clerk Melissa Couture recommended staying with Chemical Bank because there is a supply of checks and deposit books on hand, and once those supplies are depleted, the council can consider if the switch to the company’s bank in Caro is working or if there is a need to switch to a closer bank.

Chemical Bank brought the back in Fairgrove from State Savings Bank in 1996. The branch bank in Fairgrove has two full-time employees and two-part time employees. The plan is to help those employees relocate to other Chemical Banks.

Mary Drier is a staff writer for the Tuscola County Advertiser. She can be reached at drier@tcadvertiser.com.

Filed in: Featured Articles, Local News

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