First State Bank is cracking open the vault doors of a new branch on Oct. 12 in the Rim Country Mall shopping center next to Sears.
Amy Hill, assistant vice president, said there are still some technical and connectivity issues, but barring any unforeseen complications, the new branch should be up and running on schedule.
"We are FDIC insured and we are ready to accept new accounts," Hill said.
"We've already had people calling in and saying, ‘I want to be your first account.'"
CEO Blake Rolley said the bank has been looking to open a branch in Payson for some time now.
"We have had our eye on Payson for a while, and when this opportunity came up it was a perfect opportunity to bring a community bank to the Payson area," he said.
Rolley said part of the reason the bank wanted to come to Payson is because of the population explosion in recent years and a growing economy in the area.
He said one of the main purposes of a community bank is to serve the funding needs of the community.
"We've been doing it in Flagstaff for nine-and-a-half years, and I'd like to think we've made a difference," Rolley said. "I hope we can have an impact on the borrowing needs of Payson and its surrounding communities."
He said the bank offers competitive loan rates and free business and personal checking, with no minimum balance required.
No signs have been installed yet, but Hill said they should be in place by Monday.
First State Bank has two branches in Flagstaff and one in Cottonwood.