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Opus Bank moves locations in downtown Everett

Published 1:30 am Monday, August 22, 2016

By Jim Davis

Opus Bank moves locations in downtown Everett
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Opus Bank moves locations in downtown Everett
Opus Bank opened a new branch in downtown Everett last week. The Irvine, California,-based bank had been located at the former Cascade Bank at Hewitt and Colby avenues since it purchased that financially troubled bank in 2011. (Jim Davis / HBJ)
Opus Bank has closed its retail operations at 2828 Colby Ave. in downtown Everett. The bank has opened a new branch less than a quarter of a mile away. (Jim Davis / HBJ)

EVERETT — Opus Bank has moved locations in downtown Everett.

The bank closed its retail operations on Aug. 12 at the northwest corner of Hewitt and Colby avenues. That was the former headquarters of Cascade Bank for nearly 100 years.

Last week, Opus Bank opened a new location on the ground floor of the Aero Apartments at 2901 Rucker Ave. in Everett, less than a quarter mile from the old location.

Opus Bank has been in the former headquarters of Cascade Bank since it purchased the financially troubled Everett-based bank in 2011.

Three years ago, Opus CEO Stephen H. Gordon said they were looking to sell the headquarters, which is a 52,582-square-foot building.

When Opus bought troubled Cascade Bank, Gordon pledged to “create a strong super-regional bank in the Western region.”

At that point Opus had five branches in Irvine, which were merging with Cascade’s 22 branches in the Puget Sound region. Today, Opus has more than 55 locations in Washington, California, Oregon and Arizona.

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