A three-story building in the village of Owego's historic district soon will become home to a local bank and several apartments.

Bob Joseph/WNBF News

Tioga State Bank has started renovating the structure at 18 Lake Street.

Bank president and CEO Robert Fisher said the project began in November.

Speaking on WNBF Radio's Binghamton Now program, Fisher said the bank plans to move its investment services office from Fifth Avenue in Owego to the downtown site.

Fisher said four, two-bedroom apartments are being created on the top two floors of the building. He said those floors have not been occupied for many years.

Tioga State Bank acquired the Lake Street building last June from First Niagara Bank, which had operated an office there.

Fisher noted the street level of the structure often housed banking operations.

All three floors of the building have been completely gutted down to the studs. The interior work is expected to be completed by the end of April.

Fisher said work on the exterior will be dependent on the weather. He said the investment services operations may be able to move into the building in June.

Bob Joseph/WNBF News

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