The branch, at 278 Central Way, is situated two blocks from LakeWashington. It is the first new branch the company has opened thisyear. A grand opening is scheduled for the middle of the month,after which work will begin in earnest on opening No. 11 inJuanita, says John Valaas, First Mutual's President and ChiefExecutive Officer.

"We have already secured the site," he said. "Our next task isto finalize the staffing and tenant improvements."

First Mutual CFO Roger Mandery tells GlobeSt that the branchlikely won't be opened before the end of the year. The company hasbeen opening one or two branches a year as of late, he said. Inaddition to its branches, First Mutual also operates loanproduction offices in Tacoma, Washington and Salem, Oregon.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Seattle