Fraser location for Grand Mountain Bank being developed |

Fraser location for Grand Mountain Bank being developed

A new 4,524-square-foot Grand Mountain Bank will stand in downtown Fraser by June 2009.

The bank is currently leasing space at the Fraser Valley Shopping Center, one of its five locations in Grand County.

Doc Susie Avenue has been closed so workers could extend the water main to the bank property and connect it to the town’s water system. Fraser officials expect the road to reopen by the end of the next week.

Grand Mountain Bank went through a subdivision exemption process to change the lot lines. It is building on a portion of former Mo Henry’s Trout Shop lot and part of a vacant lot next to the property, according to Catherine Trotter, Fraser town planner.

Grand Mountain Bank owns the .52-acre lot it’s building on, as well as the .57-acre lot next to it that will be put up for sale once work on the bank is completed.

“It is our plan to make that available for sale as a fully developed commercial real estate pad,” said Will Arduino, Grand Mountain Bank vice president of business development.

The part brick two-story building will give the bank more exposure and include a drive-through, he said.

“We wanted to be in our own facility,” Arduino added. “Downtown Fraser is a great place to be.”

Workers broke ground Sept. 2.

The building will resemble the bank in Granby and have the same “Old West Mountain” look, Arduino said.

The bank has about 40 employees countywide.

“(Bank members) like the friendly, prompt and attentive service provided by our staff,” he said. “We’re active leaders and volunteers in each of our communities.

“We’re a locally owned and controlled bank. The money that’s invested in our bank pretty much stays in the community. A vast majority of our business is done here in Grand County.”

” Katie Looby may be reached at 887-3334 ext. 19601 or

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