Franklin bank hires CFO
Mutual Savings Bank announces that Paul Arab has joined the leadership team and will oversee the financial operations of the bank.
Arab has worked in the banking industry in a variety of positions of increasing responsibility for 15 years. Most recently, he served as senior vice president of audit and advisory services at Home Federal Bank of Tennessee in Knoxville.
David A. Coffey, Mutual Savings Bank president and CEO, said Arab will be a great asset to the management team at Johnson County’s only locally-based bank.
“People make the difference in a team-oriented company. Our search to fill our vacant CFO position allowed us to meet an incredibly talented individual who has the desire to join a company where his contributions will truly make a difference,” Coffey said. “He has the banking background and credentials to make an immediate impact to our bank. We were fortunate to find such a quality individual to round out our senior management team, and we are thrilled to embrace Paul, his wife Becca, and their three children to the Mutual Savings Bank family.”
With four bank locations in Franklin, Greenwood and Trafalgar, Mutual has steadily grown alongside the Johnson County community, offering products that meet the needs of individuals and businesses through all of life’s stages.
New businesses in Trafalgar
The eagerly awaited Dollar Tree opened in Trafalgar at noon on Friday. The store had previously been expected to open in December, but experienced delays. The new bargain retailer is now open at 110 S. State Road 135, Trafalgar.
Chicago’s Pizza of Bargersville announced on Facebook the owner of that location plans to open a Trafalgar location. The local pizzeria plans to open at 706 W. Trafalgar Point Way, near McDonald’s. The post didn’t give a specific timeline for opening.
Company arranges sale of facility in Greenwood
JLL Capital Markets has arranged the sale of the Medical Behavioral Hospital of Indianapolis for an undisclosed price.
The 64-bed, 42,609-square-foot inpatient behavioral facility is located in the Indianapolis suburb of Greenwood.
Constructed in 2022, the property offers general acute care psychiatric services. It serves as the second location in Indianapolis NeuroPsychiatric Hospitals, a provider of inpatient behavioral health services with seven hospitals. There are 19 years remaining on the lease for the Greenwood facility.
