Bell Bank is investing in downtown Owensboro by opening a mortgage office at 234 Frederica Street in the building that once housed Alorica. The company plans to hire 37 employees by the end of 2022 and grow its workforce to 178 employees by 2026.
Brittaney Johnson, president and CEO of the Economic Development Corporation, said the bank will have an immediate economic impact on the community, estimated at $50 million a year.
“We are delighted to work with [Bell Bank] and we look forward to growing alongside you as we continue to drive the community forward and look forward to a great partnership for many years to come.
Bob Smiley, senior vice president/director of mortgage services for Bell Bank, said the transition to Owensboro was decided after seeing the people of Owensboro as well as the current market.
“We were looking at where there were less repairers, and then we’re also trying to match that up a bit with Fargo’s operations. [the headquarters of Bell]”, said Smiley. “… So Owensboro has [the same feel] for he and he has the talent base here too.
With the talent base here to be drawn from Smiley, they said they are looking to find jobs with current residents of Owensboro and have no plans to transfer anyone to the new location.
Smiley said they plan to create jobs ranging from customer service roles to collection and insurance positions. They also expect to add a number of managers to the staff.
Watson said this move downtown would be beneficial for downtown as he said it gives a sense of density in the downtown area.
“It’s the third leg of the stool that we’ve always talked about, we need density there. We have entertainment, restaurants and now we have density,” Watson said. “The more people we have there, the better our morale is downtown.”
Bell Bank is a private bank headquartered in Fargo, North Dakota. Bell Bank is the largest family- and employee-owned bank in the upper Midwest and one of the largest private banks in the country.
The announcement was made Monday afternoon by Bell Bank, the City of Owensboro and the Greater Owensboro Economic Development Corporation.