Mechanics Bank Breaks Ground on New Ashland Location

Joe Lyons • November 7, 2024

Mechanics Bank Breaks Ground on New Ashland Location

Ashland- Mechanics Bank marked a major milestone today with the groundbreaking of its newest branch on George Road in Ashland, Ohio. Celebrating with members of the community, local business leaders, and chamber representatives, this ceremony heralded the bank’s 10th location—and its first outside of Richland County.

Amy Daubenspeck, President of the Ashland Area Chamber of Commerce, shared a personal connection, reminiscing about her early career days working with Mechanics Bank as a client. “It’s amazing to think that all these years later, I’d be welcoming Mechanics Bank to our community,” said Daubenspeck, who praised the bank’s commitment to supporting Ashland’s growth. She also noted how Mechanics Bank approached their first meeting with a genuine interest in how they could contribute to the community, underlining their commitment to becoming “a huge player in our community.”

Mechanics Bank, which has served Richland County since 1886, and maintains its headquarters in Mansfield. With over 138 years of independent management, the bank remains focused on serving its communities directly. President and CEO Mark Masters spoke of the longstanding relationship with Ashland residents, highlighting how Mechanics Bank has continually supported them through home loans and other financial services. He expressed excitement about the new branch, which is set to open in late 2025, noting that it will offer a full suite of services, from traditional banking to investments and community spaces.

“We hope to be seen as more than a bank—as a community resource,” Masters said. “Our people-focused approach goes beyond banking. It’s about seeing through our customers’ eyes, investing in the communities we serve, and playing an active role in their future.”

Ashland Mayor Matt Miller also addressed the crowd, sharing his appreciation for Mechanics Bank’s local touch and emphasizing the importance of banks as essential pillars of a thriving local economy. “We’re honored that Mechanics Bank has chosen to invest in Ashland,” said Miller. “Our community is a growing hub of industry, education, and healthcare, and a locally driven institution like Mechanics Bank will be a great fit here.”

Mechanics Bank announced its commitment to Ashland by presenting a $10,000 donation to the Ashland County United Way, aimed at supporting local initiatives. Mark Masters concluded the ceremony by introducing Nikki and Holly, the new branch manager and assistant manager for the Ashland branch, who expressed their excitement to serve the Ashland community.

As Ashland’s own Simonson Construction gets underway, the new branch promises to bring enhanced visibility to Mechanics Bank along the Route 250 corridor. With plans to provide meeting spaces for small groups and services geared toward both individual and business banking needs, the branch is poised to become an integral part of the Ashland community.

Learn more about Mechanics Bank at mymechanics.com.