Mountain West Bank is entering the Spokane Valley market with a full-service bank branch that's expected to open by the end of next year.
The bank plans to lease the ground floor of a 15,000-square-foot, three-story office building to be built on the northeast corner of Pines Road and Mission Avenue. The branch will offer services for small businesses, homebuyers and larger companies, in addition to drive-thru banking, a news release said.
Baker Investment Group, LLC will own the building and Baker Construction and Development will do the construction.
Jon Hippler, president and CEO of the Coeur d'Alene-based bank, expects that the project will break ground in the next 90 days. It's the first Spokane-area branch for Mountain West Bank, which has 21 branches and a Boise, Idaho, branch under construction.
"We really see a lot of synergy between the Spokane Valley area and Kootenai and Coeur d'Alene. This is an opportunity for us to start tying our two market areas together with this branch," Hippler said.
The bank has offered small business and real estate services in Spokane Valley for about a year and decided to expand on those offerings.
"We've had some really good response and we're starting to get a number of customers," Hippler said.
Mountain West Bank started in 1993 and is part of the Glacier Bancorp holding company, a publicly-traded $4 billion company based in Kalispell, Mont.