Cleveland-based KeyBank, which has more than 1,000 community banks in 14 states, including numerous locations in Puget Sound, will soon enter Edmonds for the first time.
A new 2,740-square-foot bank building will be built at the current location of the at 9930 Edmonds Way, on the southeast corner of Edmonds Way and 100th Avenue West in the city’s Westgate neighborhood. The Shell gas station will be demolished.
The new KeyBank, now going through a planning and design process stage, will have two drive-through teller lanes and 14 parking stalls.
KeyCorp, a financial services company that is the 19th largest in the country based on deposits, finished its application with the city on Dec. 6. A public meeting and review by the Architectural Design Board will be held Dec. 21 at 7 p.m. at City Council Chambers, 250 Fifth Ave. N., Edmonds.
Key Bank will be the third bank built from the ground up in the past year, following downtown and new . In addition, just east of the future Key Bank site on a vacant lot next to the 76 gas station.
Key Bank is the most recent company to choose Westgate to do business, as and just recently opened in the area.
Nearby KeyBank locations include Lynnwood, Mukilteo, Mill Creek, Bothell and Shoreline.
The CEO of KeyCorp is Beth Mooney.