Consumers National Bank Cuts Ribbon On New Salem Branch

Minerva-based Consumers National Bank and the Salem Community Foundation jointly celebrated the opening of their new office in the new Consumers National Bank building at 141 South Ellsworth Street in Salem with a ribbon-cutting ceremony in conjunction with the Salem Area Chamber of Commerce and Salem Ambassadors. The new building was constructed on the site of the bank and the existing building which opened in July of 1975.

“Our decision to maintain and expand the Salem branch in its present location exemplifies our commitment to the community and to our customers, said Ralph J. Lober II, President and CEO of Consumers National Bank. Our new facility features the most up to date equipment plus a customer-oriented design and functionality,” said Lober.

“We made this investment in Salem and Columbiana County because of our long history in the community and because of our belief in its future. We selected a local general contractor, J. Herbert Construction Company, that utilized local subcontractors and local workers for the construction. As a local business, doing business with other local businesses is essential to Consumers Bank,” said Lober.

The bank employs six full-time bankers and one commercial lender at the Salem branch. According to the most recent FDIC Deposit Market Share Report, the branch reports $68 million in deposits and holds 11.69% of the Salem deposit market. The branch serves approximately 2,700 individual and business customers.

The branch portion of the building features a modern banking lobby with six stations where relationship bankers can assist with all types of banking transactions, four private offices, and a conference room. The three-lane drive-thru teller windows and night depository are separated from the drive-up ATM to facilitate traffic flow around the building. 

In addition to the retail bank branch, the new layout includes separate office space for the Salem Community Foundation. “We have provided the Foundation rent-free space for many years and are pleased to offer them an upgraded experience with private offices, separate entry, and dedicated signage. We hope the space and visibility helps them fulfill their community-based mission,” said Lober.

“The Salem Community Foundation’s board of directors and staff are extremely grateful for the kindnesses extended by Consumers National Bank for the generous office and meeting space. We are very excited for our continued relationship with Consumers National Bank as we continue to serve and make a positive difference in the community of Salem. The expanded office space will most definitely be a highlight of our community foundation’s 56th year,” said John Tonti, President of the Salem Community Foundation.