New Everett banks proceed

One of downtown Everett’s buildings is getting a new name, as well as a new bank as a tenant.

The proposed new Bank of Everett plans to move into the former Everett Professional Building at 2722 Colby Ave., which will be renamed the Bank of Everett Tower.

“If you’re going to be a community bank in Everett, you need that kind of location,” said Mike Deller, who will be founding president of the proposed bank.

Meanwhile, the chief executive of Everett’s other proposed new bank said he’s moving forward with getting approval from regulators.

“I’m hoping that by early March we’ll have preliminary approval to sell the stock,” said Mark Duffy of Mountain Pacific Bank.

Both bankers announced last fall that they were working to form new banks, stepping into the void created in the Everett banking scene when EverTrust Bank was bought by KeyCorp in 2004.

Both said Friday that they expect to open by early June.

Deller said Bank of Everett will occupy 7,200 square feet in its building at Colby Avenue and California Street, across the street from the Everett Mutual building, where he worked as president of EverTrust before the deal with KeyCorp.

Contractors will begin remodeling the space next week, he said.

Deller said he has filed the paperwork with regulators and has moved to appoint a board of directors and hire key executives.

Mountain Pacific is moving into the Everett Gateway Center, a new commercial development under construction at the site of the old Eagles Club on Broadway in Everett.

Duffy, former president of Coastal Community Bank, also said he has a board of directors in place and has tentative agreements with investors willing to put up $5 million as startup capital.

Reporter Bryan Corliss: 425-339-3454 or corliss@heraldnet.com.