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Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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StellarOne closes Spotsylvania branch

StellarOne Bank has closed its branch at 5996 Plank Road in Spotsylvania County. The Charlottesville-based bank closed the facility Aug. 12 because it already had branches on State Route 3 near Lake of the Woods in Orange County and farther east in Spotsylvania. “We have pretty good coverage there already,” said James “Buddy” Kourouklis, StellarOne’s market president for the Fredericksburg area. Kourouklis said the Fredericksburg area is a growth market for the bank, and the branch closing doesn’t change that. StellarOne owns the 2,800-square-foot building at 5996 Plank Road and leases the roughly 1.1-acre parcel it sits on from Ora S. Seay, according to Spotsylvania property records.

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