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Plains Commerce Bank to build 'new, exciting' Mitchell location

The new bank is set to be finished by 2023, according to the Plains Commerce Bank officials.

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Crews demolish the former Corn Palace Motel on December 10, 2021, that sat on the corner of Havens Avenue and Burr Street. The property was recently sold to Plains Commerce Bank. Sam Fosness / Mitchell Republic
Matt Gade

A new era is the horizon for the corner of Havens Avenue and Burr Street in Mitchell, as Plains Commerce Bank plans to add another branch at the busy intersection.

After the bank recently purchased Chef Louie’s Steakhouse and Lounge that has been a fixture on the corner of Havens Avenue and Burr Street for nearly a century, along with the adjacent Corn Palace Motel property, it paved the way for Plains Commerce Bank to expand its Mitchell footprint.

Plains Commerce Bank officials say the plan to expand is a move that will “better serve and meet the needs” of the Mitchell area customers, according to a press release from the bank. The Mitchell Republic reached out to local Plains Commerce Bank officials regarding the future expansion plans but a call was not returned prior to the publishing of this story.

“We are excited for this opportunity for Plains Commerce Bank, but more importantly the Mitchell community,” said Jill Luque, executive vice president of Mitchell’s Plains Commerce Bank, in a press release. “Plains Commerce Bank believes in putting our energy and resources into the communities that we serve. We believe that this new and exciting location will allow us to host our customers, community, surrounding areas, and visitors right in the heart of town.”

Plains Commerce Bank officials said the new bank will replace Chef Louie’s restaurant, located at 601 E. Havens Ave. The new facility is set to be finished by 2023, according to the bank’s officials.

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While crews recently demolished the Corn Palace Motel — which was located to the west of Chef Louie’s — the restaurant remains. But on Jan. 8, 2022, the local staple will be closing its doors.

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After 75 years of serving as a staple restaurant for the Mitchell community, Chef Louie's is closing its doors on Jan. 8, 2022. Sam Fosness / Mitchell Republic

“Plains Commerce Bank pledges to take action right here in our hometown to reach our community’s goals and vision for the future of Mitchell. This new structure will be a pillar of Mitchell for decades to come, and we will forever honor Chef Louie’s legacy on this corner,” Luque said in a statement.

Plains Commerce Bank’s first operation in Mitchell began in 2012 when the bank opened a loan production office with longtime Mitchell native, Doug Krantz. After seeing continued growth, Plains Commerce Bank morphed into a full-service bank out of its 1130 S. Burr St. location — where the bank is located in Mitchell.

What started off as a two-person staff running the bank has since grown to nine banking professionals.

“Opening a Mitchell branch in 2015 was a huge step forward for Plains Commerce Bank as a company. We believed then, as we still do today, that we have common ground with Mitchell community members. Our Midwestern roots are perfectly represented in Mitchell, and like you, we believe that the best way to lead is by action,” Luque said.

While some local residents have been wondering whether Chef Louie's is planning to open at another location in Mitchell, the press release indicated the Fredericksen family, who has owned Chef Louie’s since 2001, are pondering such plans.

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In the press release, members of the Fredericksen family stated “God already knows our plans for Chef Louie’s, we are just waiting for him to tell us.”

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After 75 years of serving as a staple restaurant for the Mitchell community, Chef Louie's is closing its doors on Jan. 8, 2022. Sam Fosness / Mitchell Republic

Sam Fosness joined the Mitchell Republic in May 2018. He was raised in Mitchell, S.D., and graduated from Mitchell High School. He continued his education at the University of South Dakota in Vermillion, where he graduated in 2020 with a bachelor’s degree in journalism and a minor in English. During his time in college, Fosness worked as a news and sports reporter for The Volante newspaper.
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