The Oak Bluffs selectmen Tuesday voiced their support for the Edgartown National Bank’s plan to demolish the Oyster Bar restaurant on Circuit avenue and replace it with a new mixed-use building.

Architect William Christopher shared the plans for the two-story building, which will have a branch of the bank and one or two retail spaces on the ground floor and two residential units on the second floor.

The project is subject to the approval of the Martha’s Vineyard Commission, but selectmen were given the opportunity to weigh in on the matter.

“Personally I think this is a great asset,” said selectman Michael Santoro, adding that the development will bring people to the lower end of Circuit avenue.

Selectman and board chairman Kathy Burton said the proposed flat roof of the building looked contemporary, and suggested replicating other Victorian-looking buildings in town by building a widow’s walk or a tower on the roof, a request echoed by historical committee member Priscilla Sylvia.

Mr. Christopher said the bank is now focused on getting approval for the size and scope of the project, and he noted that neighbors wanted a lower building — the building plans were already changed from three-story to two-story.

The selectmen voted 4-0 to send a letter to the commission that they were “generally in approval of the project.” Selectman Gail Barmakian was not at the meeting. A public hearing on the plan will be continued next month before the MVC.

Edgartown National Bank president and chief executive officer Fielding Moore thanked the selectmen for their support. “We think that this building will definitely be a benefit for the community,” he said.

In other business, selectman approved a new annual all-alcohol license for Pirate Jack’s Burger Shack, a new restaurant at 5 Oak Bluffs avenue. Ed Charter and his son, Seth, said they plan to serve flame-broiled burgers, Southern fried chicken and french fries, and hope to be open today.

Selectmen approved a change in bar closings, getting rid of a previous rule that bars were not allowed to admit customers after 12:30 a.m. At police chief Erik Blake’s suggestion, the time was changed to 1 a.m., which coincides with last call.

The selectmen also appointed assistant town treasurer Sharon Jackson as town treasurer. Town administrator Robert Whritenour said Ms. Jackson is working on scheduling her state certification test. She was appointed to a three-year term with the stipulation that she take her certification test within two years.

The board also approved a new NStar pole on Pasque avenue to provide a new underground feed for the Look Out Tavern and a new business, Simply Soaps.

Selectman Walter Vail said that he wanted to acknowledge the number of e-mails he has received about the annual monster shark tournament. “We had a long conversation about the shark tournament and it is certainly my opinion that the shark tournament will continue,” Mr. Vail said, adding that those opposed to the tournament should address the issue with the shark fishermen themselves.

“Those who really care about sharks really need to go elsewhere and take their energy elsewhere,” selectman Gregory Coogan added. “I hope they turn in a direction that would make a bigger difference.”