Historic bank building in downtown Farmington sold, renovations planned

One of the most high profile and recognizable buildings in downtown Farmington has been sold.

The historic Farmington State Bank Building, oft referred to as the Village Mall, is under new ownership. Renovations with the building’s 1920s-era origins in mind are planned.

Farmington Hills-based wealth management firm GLP Financial Group has purchased the property from Farmington Holding Company. The purchase includes the original bank building as well as the shopping center behind it.

GLP Financial Group plans to renovate the original bank building and transform it into the company’s headquarters. The shopping center includes several storefronts on both Grand River Avenue and Farmington Road.
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