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Community Corner

Millington Savings Bank Provides Financing For New Walgreens in Stirling

Millington Savings Bank announced that it has provided the financing for a new state-of-the-art Walgreens Pharmacy, currently under construction at the intersection of Plainfield Road and Valley Road in Stirling.  The store will feature attractive architecture that is complementary to the community, safe and convenient parking and sidewalks, attractive landscaping and easy access from both roads.  An extensive new system of traffic lights, funded by the developer, will be installed at this location, which will make the traffic flow safer and more efficient.

Speaking on behalf of Millington Savings Bank, President/CEO Michael Shriner stated “We are proud to have provided the financing for this impressive new retail facility.  The project represents a major upswing in our commercial lending area, and will ultimately prove to be a welcomed addition to the local community, as well.”

Project developer, Spiro Koutsogiannis, Principal of Parthenon Realty, is project liaison between the general contractor, Goldcon Construction (Tee Golden, Principal), and Millington Savings Bank.   According to Mr. Koutsogiannis, “I am thoroughly enjoying my work on this project with both Goldcon Construction and Millington Savings Bank.  The bank and I go back 48 years together, so when I needed a financial relationship I could count on, I knew where to go.  The service has been outstanding, and my interaction with Mike Shriner, Nancy Schmitz and Gary Jolliffe, who is now retired from the bank, could not have been more pleasant.”

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Millington Savings Bank is a wholly-owned subsidiary of MSB Financial Corp.  With assets over $350 million, the bank has a rich tradition of serving customers and the local community since 1911.  Locations are in Millington, Basking Ridge (Riverwalk and Dewy Meadow), Martinsville and Bernardsville. The bank is a member of the FDIC and an Equal Housing Lender. All locations can be reached by calling 908-647-4000. Additional bank information can be obtained by visiting www.millingtonsb.com.

Pictured at the new Walgreens construction site in Stirling are (l-r), Michael Shriner, President/CEO of Millington Savings Bank (MSB);  W. Scott Gallaway, MSB Chairman of the Board; Spiro Koutsogiannis, Principal, Parthenon Realty; and Nancy Schmitz, MSB VP/Corporate Secretary and Chief Lending Officer.  An architect’s rendering of the future Walgreens facility is also pictured.

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