First National Bank of Paragould on Tuesday announced the start of construction on an expansion to its existing branch at 3500 E. Johnson Ave. in Jonesboro. The bank said it expects the project to be completed in the first quarter of 2018.
The bank said construction would not disrupt services offered at its Hilltop Office.
The five-story, 60,000-SF First National Financial Park will be the lead office for FNB’s Craighead County operation. Plans include a community room on the first level and an outdoor terrace; walking paths around a water feature; a large customer parking area; and underground parking for about 50 vehicles.
The bank said the facility will be large enough to provide for future expansion and commercial leasing opportunities.
The bank had $1.09 billion in assets as of June 30 and was the 11th largest bank chartered in Arkansas as measured by assets. It has 14 offices; the branch on Johnson Avenue is 18 years old.