[deltaguy]

Originally Posted by Dr Winston O Boogie jr

I don't get it. What would the Morse family have to do with the closing of a bank branch. Don't the banks that are on Villages property simply rent the space from the developer?
And how would a bank lobby in Lady Lake affect anything in the newer area?
I would bet that this was a decision made by Citizens Bank without any input from the developer.

How about if they own it!

[CaptJohn]

Originally Posted by asianthree

i very rarely go into a bank most is done online

Same here. In fact, I just refinanced my house online. Only reason I had to leave the house was to get a notary, which wasn't at a bank either.

[bkcunningham1]

http://www.ffiec.gov/nicpubweb/NICDa...5_20130630.PDF

Villages Bancorporation, Inc. in The Villages FL - Company Profile

Notice of Change in Control of a Bank Holding Company

From the Daily Sun

H. Gary Morse (The Villages, Florida), H. Gary Morse Family Trust (The Villages, Florida), Mark G. Morse (The Villages, Florida), Mark G. Morse Family Trust (The Villages, Florida), Jennifer L. Parr (The Villages, Florida), Jennifer L. Parr Family Trust (The Villages, Florida), Tracy L. Mathews (The Villages, Florida), and Tracy L. Mathews Family Trust (The Villages, Florida), intend to apply to the Federal Reserve Board for permission to acquire up to 100% of the shares and thereby control of Villages Bancorporation, Inc., whose main office is located at 1050 Lake Sumter Landing, The Villages, Florida 32162. Villages Bancorporation, Inc. controls Citizens First Bank, 1050 Lake Sumter Landing, The Villages, Florida 32162. The Federal Reserve considers a number of factors in deciding whether to approve the notice.
You are invited to submit comments in writing on this notice to the Federal Reserve Bank of Atlanta, 1000 Peachtree Street N.E., Atlanta, Georgia 30309-4470. The comment period will not end before September 10, 2013 and may be somewhat longer. The Federal Reserve's procedures for processing applications may be found at 12 C.F.R. Part 262.25.
To obtain a copy of the Federal Reserve Board’s procedures, or if you need more information about how to submit your comments on the notice, contact Chapelle Davis, Assistant Vice President at (404) 498-7278. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the notice if they are received in writing by the Reserve Bank on or before the last day of the comment period.
#469917 August 21, 2013
Ad# 30751173 posted on Aug 21, 2013

[Hancle704]

Purely a business decision. The bank is not, and never was an amenity.

[Easyrider]

Originally Posted by OldManTime

I just received this week that the Citizens Bank on Avenida is closing down its lobby, effective October 25th. Drive through will remain open. Another Morse decision to remove as many amenities as possible in the Lady Lake area, and build up in Sumter...guess he is following the money.

Not enough cutomers coming in to warrant a lobby. With the drive through still open and an ATM it appears a non issue, lobby service is hardlly ever really needed and there are plenty of other locations with lobby service.

[mikeandnancy1112]

Why? His food is fabulous!!

[njbchbum]

Originally Posted by OldManTime

I just received this week that the Citizens Bank on Avenida is closing down its lobby, effective October 25th. Drive through will remain open. Another Morse decision to remove as many amenities as possible in the Lady Lake area, and build up in Sumter...guess he is following the money.

Originally Posted by deltaguy

Consider the possibility that volume is down at that branch and there are several other options within a very short distance. Criticize him for "the wall" if you will but not for what is probably a very logical business decision. Either love the guy or hate him. Put me somewhere in the middle based on the facts.

citizens first bank
Citizens First Bank in The Villages FL - Company Profile
a subsidiary of villages bancorporation inc
Villages Bancorporation, Inc. in The Villages FL - Company Profile

[billethkid]

Originally Posted by OldManTime

I just received this week that the Citizens Bank on Avenida is closing down its lobby, effective October 25th. Drive through will remain open. Another Morse decision to remove as many amenities as possible in the Lady Lake area, and build up in Sumter...guess he is following the money.

To build up Sumter ......either you jest or are prejudiced or bitter (about something)..... Or whatever but oh so incorrect.
Your opinion and entitled......but not correct.

btk

[rkimball]

Originally Posted by OldManTime

I just received this week that the Citizens Bank on Avenida is closing down its lobby, effective October 25th. Drive through will remain open. Another Morse decision to remove as many amenities as possible in the Lady Lake area, and build up in Sumter...guess he is following the money.

Same with the restaurants:When we first moved to The Villages years ago the restaurant at the Santiago Club was standing room only. The developer then allowed the tenant to let this property fall into disrepair. So now its up to us residents to buy and maintain this building as another small rec. center/pool hall. If he, the developer did not want to be in the restaurant business he should not have built them in the first place.

But, of course, they were big selling points to future home site buyers. A restaurant/club house right across the street. Remember Chula Vista. Now El Santiago. Next Tierra Del Sol and then Havana.

[graciegirl]

Originally Posted by rkimball

Same with the restaurants:When we first moved to The Villages years ago the restaurant at the Santiago Club was standing room only. The developer then allowed the tenant to let this property fall into disrepair. (?)So now its up to us residents to buy and maintain this building as another small rec. center/pool hall. If he, the developer did not want to be in the restaurant business he should not have built them in the first place.

But, of course, they were big selling points to future home site buyers. A restaurant/club house right across the street. Remember Chula Vista. Now El Santiago. Next Tierra Del Sol and then Havana.

Whoa. Here I am in defense of the developers...again. In the beginning they ran the restaurants and believe me they ran them well. It appears to be part of their earlier business plan to establish the business and then sell the established restaurant business to someone to run.

Just recently both The Lighthouse and Cane Garden were sold to the people that had managed them for some time. I hope they will continue to be successful. The Developer still owns and rents the physical buildings as I understand it. Havana, Evans Prarie and Bonifay were all rented to restaurant business tenants immediately on completion.

Why do some posters attribute so many failures to the Morses? Because they are rich? Because they are successful?

Why do so many people just out and out hate them? I don't know of a soul who has ever KNOWN any of them. There is a possibility they might be nice.

[Challenger]

Originally Posted by graciegirl

Whoa. Here I am in defense of the developers...again. In the beginning they ran the restaurants and believe me they ran them well. It appears to be part of their earlier business plan to establish the business and then sell the established restaurant business to someone to run.

Just recently both The Lighthouse and Cane Garden were sold to the people that had managed them for some time. I hope they will continue to be successful. The Developer still owns and rents the physical buildings as I understand it. Havana, Evans Prarie and Bonifay were all rented to restaurant business tenants immediately on completion.

Why do some posters attribute so many failures to the Morses? Because they are rich? Because they are successful?

Why do so many people just out and out hate them? I don't know of a soul who has ever KNOWN any of them. There is a possibility they might be nice.

Gracie,

The answer to the naive comments about the Developers are most often because the posters have no concept of what it takes to run a succesful business. As for the haters it seems to me to be envy.

'Better to be silent and have people think you are a fool, than to open your mouth and remove all doubt"

[Warren Kiefer]

Originally Posted by Dr Winston O Boogie jr

I don't get it. What would the Morse family have to do with the closing of a bank branch. Don't the banks that are on Villages property simply rent the space from the developer?
And how would a bank lobby in Lady Lake affect anything in the newer area?
I would bet that this was a decision made by Citizens Bank without any input from the developer.

You surely aren't so naive that you think the Citizens Banks are totally independent of the developer.

[Mikeod]

Originally Posted by rkimball

Same with the restaurants:When we first moved to The Villages years ago the restaurant at the Santiago Club was standing room only. The developer then allowed the tenant to let this property fall into disrepair. So now its up to us residents to buy and maintain this building as another small rec. center/pool hall. If he, the developer did not want to be in the restaurant business he should not have built them in the first place.

But, of course, they were big selling points to future home site buyers. A restaurant/club house right across the street. Remember Chula Vista. Now El Santiago. Next Tierra Del Sol and then Havana.

It appears the developer has made a business decision. Having two banking locations so close together was not making sense, so he cut lobby services in the one with less foot traffic. BUT, he kept the drive-thru and ATM available for those who still want to bank at that location. Sounds reasonable to me.

With regard to restaurants, it appears the developer started off placing restaurants within neighborhoods. It also appears that patronage at those fell off after a while, so the emphasis switched to restaurants at the squares and at the championship courses, especially where they could be accessed without passing through a gate. Restaurants within TV are under great pressure to maintain services residents expect while keeping to the price point villagers demand. Not always possible.

[Warren Kiefer]

Originally Posted by graciegirl

Whoa. Here I am in defense of the developers...again. In the beginning they ran the restaurants and believe me they ran them well. It appears to be part of their earlier business plan to establish the business and then sell the established restaurant business to someone to run.

Just recently both The Lighthouse and Cane Garden were sold to the people that had managed them for some time. I hope they will continue to be successful. The Developer still owns and rents the physical buildings as I understand it. Havana, Evans Prarie and Bonifay were all rented to restaurant business tenants immediately on completion.

Why do some posters attribute so many failures to the Morses? Because they are rich? Because they are successful?

Why do so many people just out and out hate them? I don't know of a soul who has ever KNOWN any of them. There is a possibility they might be nice.

Is it also a possibility at times they aren't so nice ??

[jbdlfan]

It only made sense to close the Avineda branch. What I find amazing is some have more concern for the lack of convenience(you have to drive another half mile now) than about the people that just lost a job......