Bank plans to build on Fayetteville site

First National Bank of NWA has purchased land in Fayetteville where it will build its first permanent bank in the city.

The 0.7 acre lot on North Steel Boulevard is near JJ’s Beer Garden and Brewing Co. The property was purchased by First National Bank of Fort Smith, First National Bank of NWA’s parent company, on July 2 for $550,000, according to county records. The seller was Bentonville-based Famjet LLC.

Construction is expected to begin during the first quarter of 2019. First National Bank of NWA currently leases a temporary location on Joyce Boulevard and has operated there since 2015, according to a Wednesday news release.

In addition to the Fayetteville branch, First National Bank of NWA has two locations in Rogers and branches in Lowell, Centerton and Bentonville. First National Bank of Fort Smith also has 13 locations in the River Valley region.