BY CHUCK VANDENBERG
FORT MADISON – Connection Bank is making another connection with southeast Iowa.
The banking and insurance company has broken ground on a new office in Burlington just south of the Sonic Drive-In along Highway 61.
According to Connection Bank President and CEO Matt Morris, concrete has already been poured at the Burlington location and he said vertical construction should begin soon.
‘It’s started. We’ve got concrete down and bids in,” Morris said. “We should start going vertical in the next two to three weeks.”
The new office will be the home for the Burlington banking and insurance services. Morris said the Hy-Vee branch will close and the staff will be integrated into the new location.
“We decided we would bring those two business lines together in one building,” he said.
In 2011 then-Fort Madison Bank and Trust purchased Valley Bank in the Burlington Hy-Vee and operated as such until 2016 when the bank changed names to Connection Bank after merging KSB Bank in Keokuk with Fort Madison Bank and Trust.
Morris said the company was looking for a place in Burlington and decided on the property in the Burlington Crossing Development.
“We really like that spot. It’s right in the middle of town along Highway 61, so we decided to make that investment and have all our markets right along Highway 61. We encourage everyone to come and take a look at it when it’s done. It will be a little different than what people are used to seeing.”
Morris said the facility will be a full service location with two full time insurance agents and market manager, and the staff from the current location at Hy-Vee.
“We’re hoping to be open in the second quarter of 2018,” he said. “We made the strategic decision to set the bank up to grow and we love southeast Iowa. That’s where we want to be and we have no aspirations of being a huge bank. We just love our river towns.”