Salin Bank & Trust Company to Break Ground on New Kokomo Banking Center

July 27, 2015

Site to Feature Salin Live Banking Technology

Kokomo, Indiana – Family-owned and Indiana-based Salin Bank & Trust Company today announced plans to build a new $1.5 million, 1,500 square foot full-service banking center on Kokomo’s south side in the Maple Crest Plaza.  This was the location formerly occupied by BMO Harris Bank.

A groundbreaking ceremony for the new Kokomo facility was held on Monday, July 27 at 9:30 a.m. Completion of the project is scheduled for early 2016.

The new banking center is part of Salin Bank’s overall expansion plans for the bank. Says Salin Bank President and CEO Jim Alender: “Today's announcement confirms what national surveys have been telling us over the past few years. Kokomo and the north central Indiana market is fast becoming a hub for technology innovation in Indiana. The Salin family is proud to invest in this area, and we believe the new facility will provide unprecedented innovation, service, and convenience to customers in the Kokomo community and throughout central Indiana.”

Construction has already begun at the site and a temporary trailer has been installed to begin serving Salin Bank customers. The new banking center will offer the interactive banking technology known as Salin Live Banking. Salin Bank was the first bank in Indiana to introduce the new technology when it unveiled Salin Live Banking in the fall of 2012. The idea of interactive video-based banking is similar to an ATM, but with greater functionality and personal service.

Specifically, Salin Live Banking provides up to 95 percent of the transactional services found at a bank branch, from dispensing cash, to processing loan payments, to taking deposits, and cashing checks. The system itself is video-based and interactive and allows customers to communicate with a live banker who is located remotely in an Indiana-based video call center. Sound is carried through built-in speakers, with a phone handset available for confidentiality when customers use the machine in a Salin bank lobby.

The new Kokomo banking center also will provide expanded hours of operation. Lobby hours will be Monday through Thursday 9 a.m. to 5 p.m.; Friday 9 a.m. to 6 p.m.; and Saturday 9 a.m. to noon. Drive-up hours with Salin Live Banking will be available Monday through Saturday from 7 a.m. to 9 p.m.

“The idea is to provide greater access and service to our customers who work and have issues accessing banking services during traditional hours,” noted Alender.