Archive for Thursday, June 16, 2005

Frontier Farm Credit to set up at Junction

June 16, 2005

A ground-breaking ceremony June 1 was the latest step for Frontier Farm Credit to combine its Lawrence and Ottawa facilities into a single location.

"It's an opportunity to take two teams that are 20 miles apart and combine them into one unit," said Doug Hofbauer, president and chief executive officer of Frontier Farm Credit. "We can house both teams and make it convenient for customers."

The new facility will sit northeast of the Baldwin Junction at the intersection of U.S. Highway 56 and 59. Financial Services Officer Dennis Lawson said the location will be helpful for customers.

"It's a real transit area both north and south and east and west," Lawson said. "It will be real beneficial to customers."

Lawson also said the location will be helpful with access to the building.

"One of the big benefits will be the access," Lawson said. "We are located on 23rd street in Lawrence and the traffic situation is real difficult. We're confident we'll have better access for customers."

Around 40-50 people were on hand for the ground-breaking ceremony. The ground was a little soggy because it rained all morning June 1, but the sun came out in the afternoon.

Another benefit for the new location will be a rural area. Lawson said many times they do business at someone's house and not in the office.

"We do most of our business on the farm," Lawson said. "We go out there and do business. We also contact by e-mail a lot."

The new location will serve approximately 1,700 customers in the 12-county area with more than $210 million in loan volume.

The current offices are located at 1100 E. 23rd St., Lawrence, and 214 S. Hickory, Ottawa.

Mar Lan Construction, based in Lawrence, has been selected as the general contractor for the construction of the new building.

Construction for the new office is set to begin soon, and contractors are hoping to have it open in the spring of 2006.

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