Former Canton bank buildings in foreclosure proceedings




  • In Business
  • 2021-12-05 10:15:10Z
  • By The Repository
The former George D.
The former George D.  

CANTON - Two of downtown Canton's once-stately bank buildings are undergoing foreclosure proceedings.

The former KeyBank tower at 126 Central Plaza N and the former National City Bank at 315 Tuscarawas St. W - which were offered for auction in 2019 by owner PJT-Pointe West LLC - might soon be for sale again.

PJT-Pointe West is affiliated with Testa Companies, which is based in Cuyahoga Falls. Liberty Commons, another Testa affiliate, purchased the former bank buildings in 2001 and transferred them to PJT-Pointe West in January 2019.

Paul J. Testa, the CEO and founder of Testa Companies, did not respond to requests for comment.

According to Stark County court records, the PJT-Pointe West owes $113,460 in unpaid property taxes and related fees for the Central Plaza N property. Stark County Treasurer Alexander Zumbar filed for foreclosure in September and the case is ongoing.

The former National City Bank building at 315 Tuscarawas Street W is shown in Canton.
The former National City Bank building at 315 Tuscarawas Street W is shown in Canton.  

The Tuscarawas Street property was foreclosed on in August, according to court records. Tax Ease OH IV LLC purchased tax lien certificates for the property's $32,888 in outstanding taxes in 2018 and the $22,062 owed in 2019.

Tax Ease filed to foreclose this year when the debt, plus interest and fees, was not repaid. An auctioneer was assigned in late September, but no date has been set for the auction, a company representative said.

Tax Ease's payoff quote for the two certificates related to the Tuscarawas Street foreclosure is $79,734. An additional lien purchased this year by Tax Ease brings PJT-Pointe West's total balance to $102,722.

The buildings, which were constructed in the 1920s, have been vacant for years.

The former George D. Harter Bank - renowned for its lobby with a three-story high ceiling and chandeliers - built the Central Plaza N tower where KeyBank operated. KeyBank moved to a smaller office on the opposite end of the block in 2016.

The former George D.
The former George D.  

National City Bank - now PNC - was at 315 Tuscarawas St. W until the late 1990s. The bank moved to 210 Market Ave. N.

With the advancement of technology, including online and mobile banking, more banks have opted to move into modest branches. Two other downtown banks - Citizens and Chase - left large downtown buildings in 2018 in favor of smaller offices.

A Canton Regional Chamber of Commerce executive did not return messages seeking comment.

Reach Kelly at 330-580-8323 or kelly.byer@cantonrep.com

On Twitter: @kbyerREP

This article originally appeared on The Repository: Stark County foreclosing on two former bank buildings in Canton

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