HARLINGEN — Texas Regional Bank is going to have a new home.
The locally owned bank, which is privately held, began operations in 2010 in Harlingen. Its new building will be sited at the 13-acre development that has just begun at Stuart Place Road and I-2/Expressway 83.
“It will be three to four stories and it is in its planning stages,” Michael Scaief, chairman of the bank’s board, said yesterday. “We’re doing construction planning as we speak, and we hope to break ground by year’s end.”
The need for a new headquarters is an indicator of the young bank’s success. Currently, the bank’s main offices are in leased space nearby on Stuart Place Road.
Scaief, however, was keen to attribute the need for additional space to the area’s overall economic performance.
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The fast-growing discount retailer plans a new $175,000 store at Harlingen Corners Shopping Center, 2819 W. Expressway 83.
Cheddar’s Scratch Kitchen, a Texas-based casual restaurant chain, plans to open on West Expressway 83 at Stuart Place Road.
The 7,000-square-foot, 255-seat restaurant expects to employ about 200.
The restaurant chain has plans to construct a new restaurant at the northwest corner of Dixieland Road and Harrison Avenue.