Investar Bank Opens Digital-First, Cashless Branch in Northport
A regional community bank has opened its seventh Alabama branch in Northport, which is being billed as a digitally focused location that does not accept cash from customers.
Investar Bank, which is headquartered in Louisiana, already operated a Loan and Deposit production office on McFarland Boulevard, which they have officially converted into the cashless branch this Tuesday.
In a press release announcing the changes, Investar's Executive Vice President Stephen Wessell said the 2,900 square-foot facility features a digital banking station where customers can conduct business on a tablet and two Interactive Teller Machines with ATM capabilities.
“We are thrilled to provide this banking experience to the Tuscaloosa market through the opening of our branch office,” Wessel said. “Our Tuscaloosa Market President, James Cochrane, leads our team of talented and experienced bankers as they continue to develop commercial banking relationships. We are proud to expand the Investar Bank footprint in Alabama by providing a modern banking experience."
The branch is Investar's 29th overall, and representatives of the bank said it is designed with their strategic digital transformation at the front of mind.
The branch won't be exclusively automated, though - Investar said it will be staffed with a Market President, Commercial Relationship Manager, and Branch Manager.
"It is a cashless, service-based model designed to deliver targeted loan and deposit products along with treasury services to small business and commercial customers," the bank said.
The managers at the Northport branch are available by appointment only, with the full-service ITM available 8:30 a.m. - 5:00 p.m. and ATM available 24/7. To learn more, visit their website at www.investarbank.com and for more updates on restaurant and retail development in West Alabama, stay connected to the Tuscaloosa Thread.