Closing of KeyBank downtown could open space for new retail: Two Noblesville banks on list of 16 closures

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Two Noblesville KeyBank locations are set to close May 31.

The banks, one on the downtown square at 110 N. Ninth St. and one in the Pebble Brook shopping area off Ind. 32 and Hazel Dell Road at 17665 Pebble Center Dr., are among four KeyBank locations in Noblesville. The others are at 480 Sheridan Rd., north of Riverview Hospital, and 13279 Harrell Pkwy. at Hamilton Town Center.

There are 14 other planned closures in central Indiana: eight in Indianapolis, two in Anderson, two in Kokomo, one in Greenwood and one in Whiteland.

KeyBank officials said the company will offset the closures by installing more ATMs in Kroger stores and other sites and will offer jobs to those working in the branches that are set to close.

With one branch occupying significant space on the corner of Ninth and Logan street, the closure is drawing a mixed reaction from downtown business advocates.

“KeyBank has been a supporting member of the Chamber of Commerce for 30 years and we’ll certainly miss their physical presence on the square,” said Bob DuBois, president and CEO of the Noblesville Chamber of Commerce. “Banking, like most industries, reacts to consumer demands and new technology. Consumers now have several access points to financial services, and the traditional banking branch system is evolving to reflect this trend.

“The soon-to-close bank location at Ninth and Logan (streets) in downtown Noblesville is a solid building and an excellent location, complete with dedicated parking. We look forward to the opportunity the vacancy provides the square to expand its commercial mix.”

Other city officials agree.

The KeyBank location (downtown) is massive and has an ideal location in Noblesville,” said Lorna Steele, executive director of Noblesville Main Street. “Although we never enjoy seeing businesses close, I am very excited about what that space could become in the near future. We would love to see the space better utilized. I think ideally it would be cool if we could split it up into two or three spaces with both unique retail on the first floor and creative businesses utilizing the second floor space.”

Branches set to close by May 31 are:

  • 110 N Ninth St., Noblesville
  • 17665 Pebble Center Dr., Noblesville
  • 4404 E. 10th St., Indianapolis
  • 5242 Rockville Rd., Indianapolis
  • 10 W. Market St., Suite 100, Indianapolis
  • 2433 Lake Circle Dr., Indianapolis
  • 6410 N. College Ave., Indianapolis
  • 4729 E. 82nd St., Indianapolis
  • 4645 S. Emerson Ave., Indianapolis
  • 12591 Southeastern Ave., Indianapolis
  • 3228 Nichol Ave., Anderson
  • 2246 Broadway St., Anderson
  • 980 E. Main St., Greenwood
  • 300 Southway Blvd. E., Kokomo
  • 2405 W. Jefferson St., Kokomo
  • 39 N. U.S. 31, Whiteland
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