First Cahawba Bank is the first business outside of the Park Place shopping center to stake a spot on the new roads created as part of the Enzor Road Connector Project.

Officials at the bank announced Thursday their plans to build a full-service location at the intersection of the new roads, John H. Witherington Drive and Trojan Parkway.

Grady Capps, senior vice president, already runs a loan production office here and he said building a full-service bank was the logical next step given development and demand.

“The business that I have accumulated over the last six years had grown to the point that we were going to have to hire more people,” Capps said. “So the decision was made that if we were going to do that, we might as well offer a full variety of products and services.”

Several Troy locations were considered as part of the process, Capps said, but none of the options fit their preferences as well as the new intersection.

“It seemed like a centralized location that was both close to businesses and to residential areas of Troy and it would capture a large group of potential customers that live in those subdivisions,” Capps said. “Most of the people that live on that side of (U.S. Highway 231) are going to use those roads instead of going onto (U.S. ) 231 and we’ll be the most convenient bank location to all those residences.

“The number of cars that travel that road on a daily basis already is considerable. It takes people off of the congestion of (U.S.) 231 and it makes it easier to get in and out without having to navigate through that traffic. We looked at lots on (U.S.) 231 and considered it, but when we looked at our own preferences about that location just was easier for people to come do business there.”

The move was also made with the future of the area in mind.

“I believe that area will develop out into a commercial district and there will be additional residences in that area,” Capps said.

Capps said the same thought process applied to the decision to open a full-service bank in Troy, the bank’s first full-service location outside of Selma.

“Troy is a growing city and we saw some real economic development coming in this market and we saw a need for our products and services,” Capps said.

Construction is expected to start on the bank in 120 days and for the doors to be open within the next ten months.

“We look forward to serving the needs of this community and becoming a corporate citizen in this community,” Capps said.