The only bank in Middletown is closing.
BB&T bank is expected to close its Middletown branch at 7800 Main St. in early December.
“For several years BB&T has reviewed the business strength of our financial center in Middletown, Virginia. Based on many factors, including client usage patterns, the decision was made to close the branch,” said David White, BB&T vice president of corporate communications.
Customers who bank at the Middletown branch can use any BB&T location, as well as phone and online banking, he said.
Mayor Charles Harbaugh and other town officials hope another bank will move into the town.
“I wish them the best,” Harbaugh said. “As a business professor at Lord Fairfax Community College, I realize the modern trend in banking is to get away from brick and mortar stores and the expenses they create. We are, however, growing and thriving in Middletown in so many ways. Losing a bank is bad for our businesses and residents,” he said.
Harbaugh said he made an unsuccessful attempt to convince them to stay.
White said closing a branch is emotional for a community and BB&T did not take the decision lightly.
Part of the review that took place included an evaluation of viability, convenience and physical condition of the bank building.
The next closest BB&T location for the area is in Stephens City, about five miles away from Middletown .
“We look forward to continuing to serve our clients there,” White said.
The three associates who work at the location will be offered transfers to the Stephens City location at 330 Fairfax Pike, White said.