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New bank to open in Gering
January 10, 2013 Jerry Purvis   

Read more by Jerry Purvis

Photo by Jerry Purvis/Gering Citizen
Officials with Platte Valley Companies were in Gering Tuesday to announce the construction of a new facility, set for completion in mid-2013. From left to right in the front row: Jim Kozal, EVP Finance/CFO/COO, Platte Valley Companies; Tearle Schmer, LEED AP Architectural Designer, Studio 120 Architecture; Ed Mayo, Mayor of Gering; Rick Anderson, Vice-President/Co-Owner, Anderson & Shaw Construction, Inc.; Hod Kosman, Chairman/President/CEO, Platte Valley Companies; Zac Karpf, SVP/COO, Platte Valley Bank – Nebraska. Back Row: Board of Directors and Officers from Platte Valley Companies.


By the end of summer 2013, a familiar face in community banking will be open for business in downtown Gering.

City officials joined the board of directors of Platte Valley Companies on Tuesday to break ground on the new Platte Valley Bank at 1850 10th St., across from McDonald’s.

“We’ve been looking at this location for years before we could acquire enough land to build the kind of facility we wanted,” said Hod Kosman, president and CEO of Platte Valley Companies. “We’re very excited because this has been a long time coming.”

Kosman said construction would begin Jan. 9 with a target completion date of summer 2013. The 2,900 square foot full service bank will include a drive-up window, an ATM and a community room for use by non-profit and service organizations.

All of the construction will be done locally. Anderson and Shaw are the general contractors on the project, which was designed by Baker and Associates and Studio 120 Architecture. All subcontractors will also be local companies.

The site Platte Valley Companies wanted was the site of another bank, which had changed ownership several times. Finally, the most recent owner pulled out entirely. The adjacent lot, the location of Gabe’s Barbecue, was also purchased. Gabe’s moved to another location, so there was no business loss to the area.

“This will be a nice addition to the City of Gering, which we’re very proud to be part of,” Kosman said. “As with any business, location is so important. This is the location we wanted to be, so it was worth the wait.”

Gering Mayor Ed Mayo was also in attendance for the groundbreaking ceremony. He said the new Platte Valley Bank will not only benefit Gering, but also the prospect of downtown revitalization.

“Money seems to chase money,” Mayo said. “A new bank shows that financial institutions are willing to spend capital within a community. That sends a signal to other businesses the area is worth investing in. I see this as beneficial to both us and Platte Valley Companies.”
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