Nine years after launching its first branch in Tacoma, Commencement Bank is opening its third site in the region. The new location is in South King County’s bustling residential and commercial hub of Auburn.
“The combination of well-run, local businesses within this community makes Auburn a perfect fit for us,” explains , Commencement Bank president and CEO. “We were overwhelmed with positive response from our first loan center located in Enumclaw, which led to exploration of other potential locations.”
Commencement’s original full-service headquarters is at 1102 Commerce St. in downtown Tacoma. A loan center opened at 1186 Myrtle Ave. in Enumclaw in May 2014. Although both the Enumclaw and Auburn offices are currently focusing solely on loan generation, the bank plans to open full-service branches during the coming months in both of those cities as well.
“Our strategic plan is to start with loan centers to enter a local market and expand from there,” notes Jennifer Nino, chief financial officer. “We’re really excited to be in Auburn because it’s a key spot for commercial and small business growth, and we’re always looking to grow in areas where there’s a demand.”
Tracie Bryant, vice president and commercial loan officer, who’s worked in the Auburn community for many years, is pleased to be returning not just as the head of the office but also as a part of a local community banking team.
“I am excited to be given the opportunity to offer my clients tailored products and services while providing the personal attention they deserve,” she says.
On August 11 from noon to 3 p.m., the bank is inviting the public to join in the ribbon-cutting ceremony at 4798 Auburn Way N, Suite 103. A complimentary lunch, gifts, prizes and more will be part of the welcoming celebration. By Holly Smith Peterson
Commencement Bank Home Loan Center
4798 Auburn Way N, Suite 103
Auburn, WA 98002