Yakima Federal Savings & Loan plans to build a new $2.2 million branch in the Queensgate area of Richland.
The new 4,206-square-foot bank building, its first in nearly 18 years, will be at 3100 Duportail St., next door to HAPO Community Credit Union and across the street from Numerica Credit Union.
The bank bought 1.6 acres of vacant land in the Queensgate area for $892,385 in March 2018 from the Kennewick Irrigation District.
Yakima Federal opened its first Richland branch in 1954. The current Richland office at the corner of Swift and Jadwin has been occupied since 1968. The new branch will replace this one.
“Yakima Federal has had great success placing branch offices in areas of housing growth,” said Leanne Antonio, president and CEO of Yakima Federal, in a statement. “We believe this location on Duportail will be very convenient for current and new Yakima Federal customers.”
The bank has 10 locations, including two in Kennewick, Pasco, Richland, and Prosser.
The new location will offer a wide range of consumer banking services and home loans, plus a drive-thru, according to Yakima Federal Savings & Loan.
Construction is expected to begin this month and be completed by the end of the year.
BOR Architecture of Yakima is the building designer.
Banlin Construction of Kennewick is the general contractor.
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