Question 1

What is Community First Bank - Kennewick?

Accepted Answer

Community First Bank - Kennewick is a locally owned community bank specializing in commercial lending for businesses in the Tri-Cities region of Washington State. Headquartered in Kennewick, the bank operates with approximately $672 million in total assets and $622 million in deposits. As a state-chartered FDIC-insured institution, it focuses on providing personalized commercial banking services with local decision-making authority.

The bank employs 138 people and maintains a strong financial position with a return on assets of 1.27% and return on equity of 17.17%. Community First Bank operates 6 domestic offices, allowing it to serve businesses and individuals throughout the Kennewick-Richland metropolitan area.

Question 2

When was Community First Bank - Kennewick founded?

Accepted Answer

Community First Bank was established on December 30, 1997, following incorporation on November 1, 1997. The bank was created by local business leaders who recognized the need for a community bank dedicated to serving the commercial lending needs of businesses in the Tri-Cities region.

The bank has been serving the community for over 27 years, building its reputation as a commercial lending specialist. Throughout its history, Community First Bank has maintained its focus on local ownership and responsive service to small and medium-sized businesses.

Question 3

Where is Community First Bank - Kennewick headquartered?

Accepted Answer

Community First Bank - Kennewick is headquartered in Kennewick, Washington. The main office is located in the Tri-Cities region of southeastern Washington State, with the mailing address at PO Box 6919, Kennewick, WA 99336.

Kennewick is part of the Kennewick-Richland metropolitan statistical area, one of Washington's important economic regions known for agriculture, wine production, technology, and the nearby Hanford Site.

Question 4

Where does Community First Bank - Kennewick operate?

Accepted Answer

Community First Bank operates throughout the Kennewick-Richland metropolitan area in Benton County, Washington, with 6 domestic branch locations. The bank's service area focuses on the Tri-Cities region, which includes Kennewick, Richland, and Pasco.

This concentrated geographic presence allows the bank to develop deep expertise in the local business environment and maintain close relationships with commercial clients throughout southeastern Washington.

Question 5

What services does Community First Bank - Kennewick offer?

Accepted Answer

Community First Bank offers comprehensive commercial and business banking services tailored to the needs of local businesses. The bank specializes in commercial lending, providing expertise in business loans, commercial real estate financing, equipment financing, and lines of credit.

For personal banking, the bank provides checking accounts, savings accounts, certificates of deposit, and consumer lending products. The bank also offers mortgage broker services and real estate loan expertise.

Digital banking capabilities include online banking platforms, mobile banking apps, electronic statements, and bill pay services. The bank's commercial lending focus is supported by experienced local lenders who understand the unique needs of businesses in the agricultural, manufacturing, and technology sectors prevalent in the Tri-Cities region.

Community First Bank emphasizes quick turnaround times and local decision-making authority, allowing business clients to work directly with decision-makers rather than waiting for approval from distant headquarters.

Question 6

What makes Community First Bank - Kennewick unique?

Accepted Answer

Community First Bank distinguishes itself through its specialization in commercial lending and its commitment to local ownership and control. The bank positions itself as a commercial banking specialist rather than a general-purpose retail bank, allowing it to develop deep expertise in business lending.

The bank's leadership, including President and CEO Eric Pierson, maintains strong connections to the local business community. This local focus enables rapid decision-making and personalized service that larger regional or national banks cannot match.

With 27 years of operation in the Tri-Cities region, Community First Bank has built extensive knowledge of local industries and economic conditions. The bank's relatively small number of branches (6 locations) reflects its focused strategy of providing specialized commercial banking services rather than pursuing widespread retail banking expansion.

Question 7

What type of financial institution is Community First Bank - Kennewick?

Accepted Answer

Community First Bank - Kennewick is a state-chartered commercial bank that is not a member of the Federal Reserve System. It is supervised by the Federal Deposit Insurance Corporation (FDIC) under certificate number 34627 and is also regulated by the Washington Department of Financial Institutions.

The bank is classified as a community bank with a Subchapter S Corporation tax structure. This institutional structure allows it to operate with the flexibility and personalized service characteristic of community banks while maintaining full regulatory compliance and FDIC deposit insurance protection. The bank's focus on commercial banking sets it apart from traditional retail-oriented community banks, making it a specialized financial partner for businesses in the region.

Community First Bank - Kennewick

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Community First Bank - Kennewick in the United States