Modern Woodmen Bank will move to new Rock Island location
100 17th Street named the Modern Woodmen Bank Building
Rock Island’s Modern Woodmen Bank office will move to the newly-named Modern Woodmen Bank Building at the corner of First Avenue and 17th Street in Rock Island. The building was formerly occupied by National City and Wells Fargo. The move is tentatively scheduled for mid-March 2009 and will take place following renovations and improvements to the first floor.
“Modern Woodmen Bank has been operating nationwide since 2003, and its move will make more Quad Citians aware of the services it offers,” says W. Kenny Massey, Modern Woodmen Bank chairman of the Board of Directors and Modern Woodmen president. “The new location will provide better visibility to the community in a convenient location.”
The new office will be staffed by a loan originator, additional customer service staff and will have drive-up lane capabilities.
A new drive-up ATM is already available at the new Modern Woodmen Bank Building. The ATM is surcharge-free for the community.
“The new Modern Woodmen Bank Building displays our commitment to downtown Rock Island and to the Quad Cities,” says Steve Ollenburg, president and CEO of Modern Woodmen Bank. “The move is fueled by continued growth, and the larger office will allow us to continue growing while providing even better service.”
Total Modern Woodmen Bank account holders have grown to more than 22,000 since its opening. Rock Island office transactions have grown more than 25 percent between 2007 and 2008. The downtown office is the only Modern Woodmen Bank office nationwide. As a direct bank, Modern Woodmen Bank conducts business primarily via the Internet, mail, telephone and other electronic means.
Modern Woodmen Bank’s walk-up bank office is currently located at 226 17th Street, Rock Island, inside the Holiday Inn Rock Island. The bank moved into its current office in January 2003.
"Modern Woodmen Bank has been a great addition to our community, and specifically for downtown Rock Island. Since its opening, Modern Woodmen Bank has supported several of Rock Island Economic Growth Corporation's housing initiatives. We are happy it is expanding its presence downtown," says Brian Hollenback, President of Renaissance Rock Island.
The Modern Woodmen Bank Building was purchased by Modern Woodmen of America in 2000. Modern Woodmen occupies the second and third floors of the building. Additional tenants occupy the fourth floor.
Based in Rock Island, Modern Woodmen Bank is a wholly owned subsidiary of Modern Woodmen of America. With approximately $205 million in assets and 22,000 account holders, Modern Woodmen Bank serves Modern Woodmen members nationwide and the general public in the greater Quad-City area.