ITHACA, N.Y. — Construction has begun on Tompkins Financial Corp.’s (NYSE: TMP) new headquarters building in downtown Ithaca.
After it’s finished in early 2018, the 110,000-square-foot, seven-story building will consolidate more than 300 employees who currently occupy seven buildings in the Ithaca area. The new facility will feature customer parking at ground level, and a retail branch and ATM located on the first floor. The facility will offer customers access to banking and lending services, wealth-management services through Tompkins Financial Advisors, and insurance services through Tompkins Insurance Agencies — all in one building, the banking company said in a news release.
The new structure will occupy the site at 118 East Seneca St., which is owned by Tompkins Financial. The Tompkins Trust Company drive-in bank branch that has been on that site for many years is being re-located across the street to 119 E Seneca St., the release stated. The branch is expected to open in September.
Tompkins Financial is a financial-services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, Tompkins Financial is parent of Tompkins Trust, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance Agencies, and Tompkins Financial Advisors.
Tompkins Trust is the number one bank in the Ithaca metro area — ranked by deposit market share, with a 62 percent share of all market deposits — according to FDIC statistics.
Contact Carbonaro at mcarbonaro@cnybj.com