Permanent TSB has lodged a planning application for a rebranding of the Ulster Bank branch in Ballyconnell.
The Ballyconnell branch is transferring to Permanent TSB, alongside the Ballyjamesduff branch, as a result of Ulster Bank's exit from the Irish market.
The building in question is a protected structure which dates back to the early 1900s.
The works would see new PTSB signage placed on the shopfront, installing a new ATM to replace the current one, and the installation of two digital marketing screens.
Some minor, internal alterations will also be made, including a new room housing ATMs and self-service banking machines.
A decision is expected in early July.