Village Financial institution plans to open a department in Richmond’s Scott’s Addition.

The department can be on the primary ground of The Nest condo constructing at 3117 W. Marshall St., the Chesterfield County-based financial institution introduced.

It ought to open in the course of the first quarter of 2021, pending remaining regulatory approval.

The department can be the primary industrial tenant within the 118-unit The Nest condo constructing on West Marshall Road between Summit and Highpoint avenues. The flats, which opened to its first tenants a few month in the past, are constructed on prime of two ranges of a parking deck.

“Scott’s Addition and the encircling space present wonderful entry to a vibrant and rising market,” Jay Hendricks, the financial institution’s president and CEO, stated in a press release.

Village Financial institution would be a part of a few banks in Scott’s Addition, together with the close by M&T Financial institution department at West Broad Road and Highpoint Avenue.

The brand new Village Financial institution department will supply private and enterprise banking providers in addition to full service residential mortgages.

With the opening of the Scott’s Addition department, Village Financial institution will shut its department at 1650 Willow Garden Dr. in Henrico County, positioned about two miles west of the deliberate Scott’s Addition location. The Willow Garden department additionally ought to shut in the course of the first quarter.

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