Olympia Federal Savings (OlyFed) today announced its expansion into Lewis County with a planned branch in Chehalis set to open later this summer. The branch, which will be located at
“It’s been 10 years since we opened our last branch, so we were very deliberate in choosing Lewis County, which is a community focused on delivering a high-quality of life and where neighbors take care of neighbors,” Josh Deck, President & CEO said.
“We are a bank that has grown organically for the past 119 years, going where our customers have asked us to be. We’ve never purchased a bank and we’ve never been acquired by another financial institution. It’s just not who we are.”
Accountable to its depositors and borrowers, and not shareholders, OlyFed’s mutual banking structure is solely focused on taking care of its customers and community. In the last five years, the bank has invested more than $2 million in local charitable endeavors and last year alone its employees volunteered more than 1,500 hours in the community. Even better, in the last two years, the bank has originated close to $16 million in affordable home loans designed to help households with incomes at or below 80% of median income.
“With many customers already in the area, we knew our unique business model would be attractive and beneficial for small business owners, the local economy, housing market and many of the region’s community-based nonprofits that provide the infrastructure for strong education, health and family-centered programs,” Deck said.
“Those wanting to join the OlyFed family now can open accounts online from our digital branch and they will receive personalized support from our customer care team members who work locally and are here to help you get onboarded and answer all your questions via phone, email or text. We believe in high tech and high touch service to provide a first-class next-gen mobile banking experience.”
OlyFed’s commitment to excellence is evidenced by 147 straight quarters of a five-star superior rating from Bauer Financial, an independent rating agency. Only 1% of the nation’s banks have earned Bauer’s top rating for so long and with such consistency.
