First Financial Northwest Bank to open Bothell branch

  • Wednesday, April 12, 2017 10:53am
  • Business

The holding company for First Financial Northwest Bank has received regulatory approval to open new branches in Bothell and the Crossroads area of Bellevue.

The Bothell branch will be in downtown at The Junction adjacent to the McMenamins Anderson School. The branch at 18505 Bothell Way NE is expected to open during the fourth quarter of this year.

The Bellevue branch, at 15600 NE Eighth St., is expected to open in this current quarter.

First Financial also announced it is acquiring four more retail locations in Snohomish and King counties with $102 million in deposits. The bank is not acquiring any loans as part of the deal.

First Financial is not releasing information about the locations of these retail branches. One branch property is owned and the other three are leased, with the bank assuming the leases.

The transaction is expected to close in the third quarter of this year.

First Financial is implementing a strategy to expand the number of its branches, according to a filing with the U.S. Securities and Exchange Commission.

The bank is headquartered in Renton and has a smaller branch in that city. The bank also opened a branch in Mill Creek in 2015 and another in Edmonds in 2016.

More in Business

Eastside tech companies Smartsheet, OfferUp, Apptio face challenging 2019

Here are a handful of companies from the Eastside that will be interesting to watch in 2019.

Northshore Fire job fair set for Jan. 30

More than 30 employers will be onsite for the event.

Tech set to continue driving Seattle-area housing market in 2019

A look at what’s the real estate market in the coming year.

The Bothell-Kenmore Chamber of Commerce, community members and staff members gathered to celebrate the ribbon cutting ceremony for Dr. Eugenia Lee, outside Kenmore Dental Care on Tuesday, Nov. 13. Stephanie Quiroz/staff photo.
Dr. Eugenia Lee takes over Kenmore orthodontics practice

Chamber of Commerce holds ribbon cutting ceremony for Lee Orthodontics on Nov 13.

‘This might have been a once in a generation opportunity’: Kenmore’s Lakepointe deal grinds to a halt

City officials unsure of what comes next for the more than 50 acre industrial site.

Jersey Mike’s opens in Bothell

The sandwich shop is holding a grand opening and free sandwich fundraiser from Nov. 14-18 to support the Northshore Schools Foundation.

Lakepointe is a 52-acre industrial site at the mouth of the Sammamish River and Lake Washington which the city of Kenmore has been hoping to see developed for nearly three decades. Aaron Kunkler/staff photo
Kenmore’s Lakepointe development talks collapse

A representative of the potential developer said it may be close to being dead.

Bothell’s smallest brewery earns “Best of Northshore” award

The micro-brewery has been pumping out the goods for more than eight years.

Store manager of the Bothell Helping Hands Thrift Store, Brittani Heitman, takes empty hangers to the back room to put more clothes onto the store floor. Madison Miller/staff photo.
Helping Hands Thrift Store serves locally and globally

The Bothell thrift store provides self-sustaining resources to Peru and local community.

Fall housing market shifts, but still seller’s market

Real estate snapshot for Bothell and Kenmore

Former Tully’s locations spring back to life

Following the coffee chain’s collapse earlier this year, other Eastside businesses are moving in.

Main Street in downtown Bothell reopened after a fire and construction in April. Evan Pappas/staff photo
Bothell Main Street business bouncing back after construction

After a fire and construction slowed business, many merchants are seeing people return.