ATM approved in former M&T Bank Building

City council approved an agreement between 586 MHH LLC and the city to allow the installation of an ATM in the drive thru of the former M&T Bank location

At a recent meeting, Milford City Council approved a license agreement between 586 MHH, LLC and the city that would allow the owners of the former M&T Bank building on Northwest Front Street to install an ATM in the former drive through window of the bank.

“We were approached by Zack King, the owner of 586 MHH, LLC, with a request to place an ATM in the former drive thru of the bank,” Rob Pierce, City Planner, said. “Users of the ATM would have to access the machine from the city parking lot that stands behind the bank.”

Currently, there is only one ATM located in the downtown area and it is placed inside Park Place. After both PNC Bank and M&T Bank closed their downtown locations, many residents have complained about the lack of cash machines in downtown.

Zack and Marissa King purchased the M&T Bank in 2021 with the intention of turning it into an event space. The couple also owns EasySpeak, Penney Square and the former Josephine Keir building.

Initially, the building was the location of the First National Bank which opened in 1876 and founded by Colonel Henry Fiddeman. The first building on the site was constructed by Abner Dill as a one-story tavern around 1790. Several other businesses operated from the location until Fiddeman built a residence and a bank on the third floor.

In 1912, First National Bank was acquired by Wilmington Trust and that bank eventually merged with M&T Bank in 2010. M&T closed the downtown location in 2015, explaining that transaction based locations were being combined into smaller branches. They moved all business to the branch located on Route 113.

Initially, the building was purchased by Touch of Italy who planned to open a restaurant at the location. Controversial statements by the owner of Touch of Italy, Robert Ciprietti, led to backlash from the community and he put the building up for sale in 2019.

City council was supportive of approving the licensing agreement for an ATM at the former bank.

“This is a great plan,” Mayor Todd Culotta said. “We need an ATM downtown that is easily accessible.”

The request passed unanimously.