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Business & Tech

BankAnnapolis Coming to Waugh Chapel

The new bank will be located near the Wegmans Food Market in Gambrills.

BankAnnapolis has broke ground on a new location in the quickly developing Waugh Chapel Towne Centre.

According to a press release, the construction began on April 18. BankAnnapolis will join , and , among many others. The bank is expected to open in the fall.

"This is a natural expansion of our existing footprint, one that will enable us to broaden our brand and extend our geographic reach into the Crofton/Waugh Chapel market," said Richard M. Lerner, chairman and CEO of BankAnnapolis, in a press release. "Tremendous commercial and residential growth is coming to the surrounding area over the next few years, which makes this a promising growth opportunity for BankAnnapolis."

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The new branch will be 3,500 square feet with three drive-thru lanes and a drive-up ATM.

"The Waugh Chapel Towne Centre will be a destination location and a hub of retail, commercial, and entertainment activity," said Lerner. "We're pleased to have the opportunity to offer our clients convenient access to a wide range of personalized, local banking services in this new location."

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BankAnnapolis currently has seven locations throughout Anne Arundel and Queen Anne's counties.

The nearest location is currently at 1000 Bestgate Rd. in Annapolis.

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