OlyFed’s expansion into Lewis County is now complete with the opening of its newest branch in historic downtown Chehalis at 535 N. Market Boulevard. This is the bank’s ninth branch in its 119-year history, and it is a full-service financial center packed into 600 square feet.The branch is designed to serve the money management, savings, mortgage lending, business banking and commercial financing needs of the community. Equipped with the latest banking technology for efficient and effective customer care and support, the branch includes an ATM with 24/7 accessibility.
To celebrate its grand opening the bank is providing customers and community members with special offers, giveaways, discount coupons to local businesses and treats. Open Monday through Friday from 9 a.m. to 5:30 p.m., the celebration will run until Friday, October 3rd and the public is invited to come and meet the OlyFed team.
“This is a big deal for OlyFed as it’s been 10 years since we opened our last branch,” Josh Deck, President & CEO said. “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, which why we have already invested in more than a dozen local nonprofit organizations.”
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. Furthermore, 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.
“We are very excited to bring our Affordable Home Loan program to Lewis County and help more community members realize the social, health and economic benefits of homeownership,” Deck said. “We know when you have a house of your own, transformational life outcomes become possible.”
Long recognized for its financial strength, for 148 straight quarters (37 years) OlyFed has received 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. For additional details about the bank and its newest branch visit olyfed.com/chehalis-branch/.
