WOODINVILLE — Everett’s Coastal Community Bank has expanded to King County for the first time, opening a branch in Woodinville.
The location at 17601 140th Ave. NE will employ five initially, with plans to grow the lending team in the near future. Coastal Community Bank already had some customers in the Woodinville area so the move to the community made sense.
“We believe that Woodinville is perfectly suited for our banking model,” said Eric Sprink, Coastal’s president and CEO. “We lead with local bankers who are community-minded and want to own the relationship with their customers, and to that we add a full suite of banking services from basic accounts to complex business products.”
The bank has spent three weeks doing a “This is how we say hello” campaign, doing anonymous good deeds in the community such as buying pet food for Homeward Pet, bringing food to Woodinville Storehouse Food Bank and buying drinks for customers at local coffee shops.
“We have been fortunate to bank many customers in the area and our employees live in or near Woodinville so we feel like we are already part of this amazing community,” said Scott Vaagen, Woodinville branch manager. “But in fairness, Woodinville doesn’t know Coastal. We felt the ‘hello campaign’ was a great way to make that introduction.”
The 3,018-square-foot branch opened for business last week. It plans to hold a grand opening celebration from 10:30 a.m. to 2 p.m. Thursday. Woodinville Mayor Bernie Talmas is scheduled to attend a ribbon-cutting at 11 a.m. Lunch will be served from Big Dog Food Truck. There will also be a drawing for front row, field seats for a December game between the Seattle Seahawks and Philadelphia Eagles.
The bank also plans to announce a gift to the community.
Coastal is celebrating its 20th year in operation. Its other 12 branches are in Snohomish and Island counties. The bank has been recognized as Community Bank of the Year in Western Washington for the second year in a row by the Small Business Administration.
The bank employs more than 150 people and has assets of more than $750 million.