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Bank Opts to Stay in Suburb's Downtown

MONROE, MI-Monroe Bank & Trust is building a 45,000-sf headquarters at the corner of Washington and Front streets at the suggestion of the city, which is happy to keep 250 employees.

By Dan Heaton | Updated on December 08, 2004

MONROE, MI-Monroe Bank & Trust says it will build a 45,000-sf headquarters building in Downtown Monroe. “Our commitment to Monroe extends well beyond the building of our new headquarters,” says Doug Chaffin, chief executive officer and president of MBT.

“While considering a number of locations to build our new headquarters, we stayed focused on Downtown Monroe because we understand the economic value that our nearly 250 Downtown employeesprovide to city merchants,” he adds. A price tag for the new development was not released. The new building will be built at the corner of Washington and Front streets. The city requested MBT to consider that specific location.

“MBT has provided the community with so much, we thought it made sense to have them as an anchor in the Downtown area,” says Monroe Mayor John Iacoangeli. MBT has retained Thompson-Phelan Group, Inc., a Michigan architectural firm, as the designer/builder for the facility.

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