CONSUMERS NATIONAL BANK GAINS APPROVAL TO OPEN NEW BRANCH IN CANTON
Minerva, Ohio–Consumers National Bank announced today that it has received approval from the Office of the Comptroller of the Currency (OCC) for its application to operate a new full-service branch office the Millenium Building in downtown Canton, Ohio. The approval marks the bank’s tenth branch in Stark County and its 23rd in the bank’s six county market. Consumers National Bank anticipates that banking operations at the new downtown Canton office will begin in fall of 2025.
Consumers National Bank was established by local business people in Minerva, Ohio, in 1965. Since that time, the bank has expanded beyond Stark to Carroll, Columbiana, Jefferson, Mahoning, and Summit counties bringing its philosophy of community banking and knowledgeable, personalized service to these markets.
Consumers Bank, now at $1.15 billion in assets, is the largest community bank in Stark County. The bank’s 2024 deposit growth of 2.14% has brought its share of the Stark County market to 4.42% ranking it eighth among the 16 banks operating in the county. As of June 2024, 48.5% of the bank’s total deposits were tied to its Stark County locations.
“Consumers National Bank is pleased to open its latest branch in the Millenium Building in downtown Canton. We will be joining other high-profile tenants including The Schauer Group, The Canton Regional Chamber of Commerce, The Timken Foundation, and Plakas Mannos Law Firm in one of Canton’s premier buildings. This branch office will enhance Consumers’ visibility and stature in the Canton community and will enable the bank to expand our commercial, nonprofit, and municipal customer base and to serve consumers who work downtown or live in the central business district and surrounding neighborhoods. We look forward to providing each of these customer segments with a refreshing community-based banking option. We intend to make a difference in Canton,” said Ralph J. Lober II, President and CEO of Consumers National Bank.
The new location will bring approximately four full and part-time jobs to the area, including a branch relationship manager, relationship bankers, and a business banker. In addition, the 1,700 square foot office will provide a base for operations mortgage originators, a treasury management specialist, and wealth management professionals. The facility will include a traditional bank lobby, night depository, and a walk-up ATM.