The Biz Buzz

Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.

NOTICE: The Biz Buzz has moved.

With the launch of our new website, we've moved The Biz Buzz.
Visit the new section.

Spokane’s Sterling Savings Bank opens a branch in LaCrosse, which had gone without a bank for nearly a year

Post by C.R. Roberts / The News Tribune on July 3, 2012 at 3:36 pm |
July 3, 2012 3:36 pm

On the edge of the Palouse – east of Hooper, south of Winona, north of Hay – the town of LaCrosse finally has a bank.

It once had a branch of a bank but has gone unbanked since the State Department of Financial Institutions closed Colfax-based Bank of Whitman early last August.

Tacoma-based Columbia Bank, which bought the assets of Bank of Whitman from the FDIC, chose not to re-open the LaCrosse branch. Since then, DFI has been working to find a successor.

Rick Riccobono, head of banks at DFI, has been encouraging Sterling Bank to open the branch, and Sterling this week opened at 202 So. Main St. in the small Eastern Washington town of some 300 souls.

The branch will serve LaCrosse as well as the towns of Endicott and Washtucna, which were also left unbanked by Whitman’s demise.

“I think we’ve got it all,” Riccobono said Tuesday, noting that no area of the state is without relatively easy access to a banking facility. “I’m sure there are other parts of Washington that need banking services, and we’ll find those and we’ll do a similar deal to get them help. The people of LaCrosse had banking services and lost them, and now they’re back.”

“I think the people out there are grateful,” Ricconono said. “We encouraged this from the get-go.”

According to a Sterling spokeswoman, the branch will be open Mondays, Wednesdays and Fridays.

*
The News Tribune now uses Facebook commenting on selected blogs. See editor's column for more details. Commenters are expected to abide by terms of service for Facebook as well as commenting rules for thenewstribune.com. Report violators to webmaster@thenewstribune.com.