KeyBank to Open First Branch in Edmonds, at Site of Current Shell Station

The bank will be located on the southeast corner of Edmonds Way and 100th Avenue West in the city's Westgate neighborhood.

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.

Anonymous December 13, 2011 at 06:09 AM
I thought the city was trying to make the Westgate consumption junction more of a neighborhood community hub - where people want to walk and bike to and hang out. A bank is slightly better than a gas station, but it certainly is not a destination spot for the community. Personally, I don't like Key Bank. They held the loan to my first car. After 5 years of paying monthly (I had a couple of deferrals), I had lump sum come at the end of the loan, which I had to split up over two payments since I didn't make very much money in my early 20s. I communicated with them about my plan, and they seemingly thought it was okay. I was under 14 days late with my 2nd payment (my only late payment), which closed my loan, and they reported me to the credit bureau. This is a perfect example of how banks do not care about people or their customers. This was the first big loan I ever had. I was responsible and communicative, and instead of congratulating me for paying off a 5-year loan, they reported me! Key Bank will never get my business again.


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