Media bank taken over by FDIC |
The determination of what will be done with the “gateway” of
Media has been in the news lately. With
a proposed Super Wawa near the intersection of Providence Rd and Baltimore
Avenue, many are voicing their concerns over traffic. It looks like this may continue to be a hot
spot with what will surely be another tenant on the other side of the street
sometime in the near future.
On October 26, the FDIC announced the closure of the Nova
Bank corporation. The FDIC was unable to
find a financial institution to take over the bank's operations, and therefore
has absorbed Nova’s assets. For residents that used this bank and have concerns, please review the pressrelease.
From what I can tell, this bank never generated a high
volume of traffic to the area. At times,
it was hard to tell if it was even open.
Perhaps an ideal business for this area, as related to traffic, but what’s
next? Before it was a bank, the property
was a fast food restaurant.
The building that sits on the property now was specifically
built to be a bank. It’ll be interesting
to see if it’ll be used again as a financial institution, or made into
something else. Either way, what’s put
their will also represent the gateway of Media and will most likely generate
more traffic than what was there prior.
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