Business news & notes: New building, new name

Moffat County National Bank anticipates changes

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It seems as if it's taking a while to finish the new Moffat County National Bank building on Mack Lane, Bank Manager Dave Fleming said.

But, that is how long it takes for a big project.

"There's still a lot of work to get done," Fleming said. "It's still going pretty fast, though."

Fleming said he expects the bank could move to its new digs no later than Sept. 15. Comparatively, the new location is more than five times the size of the current, temporary location, nearby at the corner of Mack Lane and Fourth Street.

With more space, Fleming said he plans to hire more employees.

"We're in that process," he said. "We've been holding off because we really didn't have enough room for extra people in here (at the current location). We've been getting by, but it's been so busy we really could use the extra help."

Even with larger regional banks in Craig, Moffat County National manages to stake a good holding in the community because of its local heritage, Fleming said.

"It's always challenging, but the thing is, we provide a little different niche than the regional banks do," he said. "We try to be a little more flexible and a little more conscious of our customer needs."

For instance, if a person left for vacation and overdrew their checking account, Moffat County National would work with him or her to possibly reduce or erase overdraft fees, Fleming said.

Of course, the bank couldn't do that in all circumstances, he added.

Bank officials expect to pair the new location with a new name, as well.

Moffat County National Bank and First National Bank of Steamboat Springs are part of the same bank.

By changing the names for both to Yampa Valley Bank, Fleming said they will be able to better serve their customers and their business.

"Probably the best thing about the name change is customers will realize the ease of banking at both banks," he said.

With so many people commuting back and forth between Craig and Steamboat, the change will make it more obvious people can bank at both locations, Fleming said.

"There's really no difference other than it's the best decision for our customers and best for the bank to serve our customers," he said. "We expect to continue to provide the best banking needs for our customers."

Collin Smith can be reached at 875-1794 or cesmith@craigdailypress.com

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