Delaware City Council is scheduled to hold a public hearing and third reading of ordinances Monday, Jan. 14, for a new two-story bank building at 75 W. William St., the longtime site of DeVore Snyder Funeral Home.

Plans filed with the city show Fahey Bank will demolish the existing building and construct a 5,300-square-foot brick-and-limestone building with three drive-through bays and 31 parking spaces.

The bank will have two access points on Washington Street and one on William Street.

The 0.81-acre site is zoned community business. Two ordinances before council would approve the development plan and a conditional-use permit.

Coleman Clougherty, Fahey's executive vice president and chief operating officer, told the city planning commission Dec. 5 that the bank, founded in Marion, has been in operation for 153 years.

"We're excited to come to Delaware," he said.

The bank remains at its original Marion location and also has a Worthington branch, Clougherty said, so Delaware is "a natural connect for us.

"We have a number of customers already in the Delaware area and have hired some individuals who are local from the Delaware area, and we're excited to be a part of the community," he said.

Clay Snyder of DeVore Snyder Funeral Home also addressed the commission last month.

The existing building is difficult to maintain, he said.

"With the steps, it makes it obsolete for public use, to be frank, as we've experienced the last 25 years there."

Selling the property "was the right decision for our business," he added.

Clougherty estimated the new bank could be built and opened within nine to 10 months.

It will have eight or nine employees, he said, and also will serve as a training facility and a "disaster relief site" as a backup to the bank's computer system. Because of those uses, up to 40 employees at a time could be at the bank, he said.

The public will be allowed to use the bank's parking lot, during First Friday and other events, Clougherty said.

"We want to be part of the community," he said.

Snyder endorsed Fahey's plan and said the bank is a family-centered, multigenerational business. It supports the community and charities in Marion, he said, and expects it will do the same in Delaware.

Devore Snyder Funeral Home operates at 637 state Route 61, Sunbury, and in Marengo. It is affiliated with the Snyder Rodman Funeral Home, 101 Valleyside Drive, Delaware.