Construction is scheduled to begin in 2024 on a bank building in a riverfront business park in Grand Junction.

OakStar Bank announced plans to build a 12,000-square-foot facility at the Riverfront at Las Colonias development. The facility will include the bank operation as well as a restaurant and retail and office space. The building is expected to open in late 2025.

“OakStar Bank is committed to serving our community while providing a different and dynamic banking experience,” said Clay Tufly, market president. “Our choice to build at Las Colonias is based on the same belief. We are excited to create this experience on the banks of the Colorado River and thank our loyal community members who have afforded us this opportunity.”

OakStar Bank currently operates out of a building at 501 Main St. in downtown Grand Junction.

Based in Missouri, OakStar Bank also serves a total of 20 communities in Missouri and Kansas.

The Grand Junction Economic Partnership and Las Colonias Development Corp. worked with OakStar Bank to select the site and lease property.

“We are excited to welcome OakStar Bank to the Riverfront at Las Colonias,” said Curtis Englehart, executive director of GJEP. “Their decision to invest in our community is a testament to Mesa County’s growing economy and the opportunities available within the region. The presence of OakStar Bank will contribute to new community engagement for the property, and we anticipate additional activity happening with the restaurant, retail and business park’s development because of this.”

With the addition of OakStar Bank, the 15-acre business park will be home to seven businesses. The nearby mixed-use space includes a public park, amphitheater and 332-unit housing development.