Pioneer Bank breaks ground on new building in Austin
AUSTIN, Texas, Sept. 8, 2015 /PRNewswire/ -- Pioneer Bank has broken ground on a new office building near the corner of 38th Street and Guadalupe Street in Austin. The new building will support Pioneer's rapidly growing Austin customer base and act as a central location for the bank's business and community development efforts.
"This building is in a prime location," said Jeffrey Wilkinson, Pioneer Bank President and CEO. "Our current customers will enjoy the easy access to both commercial and consumer banking services. Plus we'll have a community room to host meetings for nonprofit organizations like Back On My Feet, who plan on using the space to conduct financial literacy training."
The 35,000 square foot building will also provide much needed expansion space for the rapidly growing Pioneer Bank. In addition to Pioneer's team of Austin bankers, the building will be home to some operational and administrative positions. "We expanded our Dripping Springs headquarters three years ago and, as of today, we are completely out of space," said Wilkinson. "Our new 38th street building will accommodate our growth for many years to come."
The three-story building, designed by Jackson & McElhaney Architects, sports crisp lines, warm natural colors and regional limestone to fit nicely among the beautiful post oak trees on the site. The positioning of the four-story parking garage on the south side of the property creates a quiet courtyard between the garage and office building which will become a shady retreat for visitors and tenants. Another useable outdoor area, designed by RVi on the northwest corner of the property will be generously landscaped and used for open-air gatherings and events. SpawGlass is the general contractor constructing the new facility and Doucet & Associates is providing the civil engineering services.
The bank will occupy the first floor of the stone and glass structure with room for expansion on the second and third floors. Lease space will be available within the facility with many offices offering covered balconies and sweeping views of Central Park. Construction is currently underway and is scheduled to be complete in late 2016. Progress can be viewed through an on-site webcam at PioneerBankTexas.com.
About Pioneer Bank
Established in 2007, Pioneer Bank, SSB is a Texas state savings bank with headquarters in Dripping Springs, Texas, and branch offices in Austin, Kerrville, San Marcos and La Grange. As of June 30, 2015, Pioneer Bank reported total assets of $409 million, total loans of $294 million and total deposits of $365 million. Pioneer recently announced the signing of a definitive merger agreement with First Community Bank that, once closed, will form a $1.1 billion asset bank headquartered in central Texas.
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SOURCE Pioneer Bank, SSB
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