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Exchange Bank of Missouri in Fayette has acquired a neighboring set of buildings, which is expected be torn down to provide more parking. On Monday, December 27, the bank officially closed on the …
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Exchange Bank of Missouri in Fayette has acquired a neighboring set of buildings, which is expected be torn down to provide more parking. On Monday, December 27, the bank officially closed on the purchase of the buildings that most recently housed Superior Home Furnishings on the northwest corner of Church and Walnut streets one block south of the square.
The reason for the purchase is to allow the bank to expand. Its already small parking lot is directly adjacent to the roughly century-old buildings.
Exchange Bank President Don Brown said it was likely the buildings would be demolished to allow for additional parking space, which would in turn make way for possible building expansions.
“As we continue to grow we have nowhere else to expand,” Brown said.
It is unknown when the buildings were erected, but are estimated to have been built sometime after 1925. They have been the sites of several businesses over the years, including a filling station, a Pontiac dealership, and a Breadeaux Pizza location. Most Fayette residents probably remember it as the former bowling alley, which operated for several decades.
Brown said no formal plans have been made with regard to demolition, but the bank hopes to begin any new projects by the end of 2022.
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