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'Village Bank <br /> <br />People and Service ~i)u Can Bank On <br /> <br />www. vitlagebankonline.corn <br /> <br />August 31, 2004 <br /> <br />City of Ramsey <br />Planning and Zoning Committee <br />Megan Wald, Associate Planner <br />15153 Nowthen Blvd. West <br />Ramsey, MN 55120 <br /> <br />Dear Pls. Wald, <br /> <br />Village Bank is seeking approval to setup a temporary banking facility at 7125 Riverdale <br />Drive, Ramsey, Minnesota around October 15, 2004. The legal description of this <br />property is lot 1, block 4 of Rivenwick Village, Anoka County. We intend to lease a <br />modular office building from GE Capital Modular Space, which will provide usa <br />lemporary facility to operate out of until we can start construction on a permanent <br />building in the spring of 2005. In the banking industry, it is very common to start <br />operating out of a temporary facility for several reasons. This allows us to provide <br />banking services to any existing and new customers in the area as soon as possible. It <br />also allows us time to hire and train new employees necessary to operate the permanent <br />facility. <br /> <br />In today's competitive banking environment, a community bank must provide the best <br />personalized service possible to compete against the big regional and national banks. <br />The temporary facility will allow us to ensure all potential issues have been field-tested <br />so we are able to provide the best level of service possible to the Ramsey area. If you <br />have any questions, please contact me at (763) 780-2100. <br /> <br />Sinc_erely, <br /> <br />Bill Row <br />Chief Financial Officer <br /> <br />Box 257 St. irt:reels, ."/13i 551)'70 929g Central Avenue N.E. Blaine, '_'..,tN 55434 3~22 Viifing BiYd. N.W. Oak Oro,/e, <br /> <br />~7,'~3'~ 75%2!)07 t'ax ,765~ 73;3-;i1102 ~7,53) 780-21~I0 fax {1763) 790-350!) !763) 75%37?7 ~'ax ~763~ 75%6593 <br /> MEMBER FDIC -7- <br /> <br /> <br />