News

American Home Bank, N.A. breaks ground for new 43,000 SF headquarters in Mountville, PA

Mountville, PA — Officials of American Home Bank, N.A. and High Real Estate Group broke ground here today for a $6 million, 43,000-square-foot headquarters building being created by High for the bank. The building will be located on a six-acre tract at the intersection of Stony Battery and Hempland Roads in Mountville, West Hempfield Township, PA. The company will ultimately employ 225 people at its new facility, which is slated for completion in the late spring of 2005.
 
Since 2001, American Home Bank, N.A. (www.bankahb.com) has operated a mortgage-banking unit focused on residential construction and permanent mortgage lending to help people buy, build, afford and enjoy the homes of their dreams. It also operates traditional community banks in Lancaster and Carlisle, PA.
 
High Real Estate Group (www.highrealestate.com), a full-service real estate firm based in East Lampeter Township, PA, will provide single-source expertise for all phases of the development process including planning, municipal approval, brokerage, design, construction and post move-in property management and maintenance. Under a creative build-to-suit-to-lease arrangement, American Home Bank will lease the facility from High Real Estate Group for an initial term of 10 years. Greenfield Architects, Ltd., High Construction Company and High Associates, Ltd., all affiliates of High Real Estate Group, will provide design, construction and property management services, respectively.
September 10, 2004