Freedom Bank South McAllen Branch

Freedom Bank is constructing a new two-story branch and office facility at 100 East Expressway 83 in McAllen. The project, filed with the Texas Department of Licensing and Regulation (TDLR) as the Freedom Bank South McAllen Branch, represents a significant addition to the local commercial landscape. This new construction spans 29,000 square feet, a size that places it well above the typical scale of recent filings in the region.

The estimated cost for this development is $8,000,000, which calculates to $276 per square foot. This figure is notably higher than the county median of $100 per square foot for similar new construction projects. The substantial investment reflects the comprehensive scope of the work, which includes both banking operations and office space within a single commercial structure.

Project Timeline and Status

TDLR completed the plan review process in July 2025, clearing the way for physical construction. According to the filing, ground-breaking and active construction work are set to begin in October 2025. The project is scheduled to finish in October 2026, giving the team a 365-day build window. This duration is longer than the 212-day median build window observed for new construction projects in Hidalgo County.

Orange Made LLC serves as the design firm of record for this build. The company has a history of working with Freedom Bank on other locations, including projects in Alamo and Mission. Anthony Covacevich is the registered accessibility specialist ensuring the facility meets all required standards. The project is privately funded on private land for private use, with no public funding involved in the development process.

This branch aligns with Freedom Bank’s broader expansion strategy in the Rio Grande Valley. The bank has four other TDLR-registered projects totaling $6,270,000, with various stages of completion or closure in nearby cities like Edinburg and Mission. The McAllen project stands out as the largest by cost among these recent filings, signaling a strong commitment to the local market.

The site is located in ZIP code 78501, an area with a population of about 59,095 residents. Nearby businesses include Rio Grande Regional Hospital, Dillard's, and several lodging options, placing the new bank in a busy commercial corridor. The construction activity is expected to contribute to the local economic activity, with the project’s scale and cost reflecting a major investment in Hidalgo County’s infrastructure.