Question 1

What is Bank of Washington?

Accepted Answer

Bank of Washington is a community-focused commercial bank headquartered in Washington, Missouri, serving Franklin County and the St. Louis metropolitan area. With approximately $1.12 billion in assets and 7 branch locations, the bank specializes in providing personalized banking services to individuals and businesses throughout the region. Founded on principles of trust and community commitment, Bank of Washington maintains its position as one of Franklin County's oldest and most established financial institutions.

Question 2

When was Bank of Washington founded?

Accepted Answer

Bank of Washington was established on May 15, 1877, when five community friends recognized the need for a strong, safe, and reliable bank in Washington, Missouri. The Articles of Incorporation were filed on May 15, 1877, and the bank officially opened for business on November 2, 1877.

The original directors were community members who had earned the trust of local residents during a time of widespread financial trouble. The bank initially rented space in a three-story building on the south side of Main Street between Oak and Lafayette Streets. In 1880, the bank built its own building and has remained the only bank continuously serving the area since its founding.

Question 3

Where is Bank of Washington headquartered?

Accepted Answer

Bank of Washington is headquartered in Washington, Missouri, at 200 West Main Street. The bank's main office is located in Franklin County, within the St. Louis metropolitan area.

Question 4

Where does Bank of Washington operate?

Accepted Answer

Bank of Washington operates exclusively in Franklin County, Missouri, with 7 full-service banking locations throughout the region. The bank's branches are strategically positioned to serve the communities of Washington and surrounding areas within the St. Louis, MO-IL metropolitan statistical area.

Branch locations include the historic downtown Washington location, as well as modern facilities including the 14th & Jefferson Street branch, retail locations, and the East Fifth Street branch.

Question 5

What services does Bank of Washington offer?

Accepted Answer

Bank of Washington offers a comprehensive range of personal and business banking services. Personal banking products include checking and savings accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), consumer loans, mortgages, and home equity financing.

Business banking services feature business checking accounts, commercial lending, cash management solutions, and merchant services. The bank pioneered several innovative services in the region, including installment loan departments for automobile and consumer financing.

Digital banking capabilities include online banking, mobile banking (introduced in 2009 as a first in the area), mobile check deposit, bill pay, Zelle transfers, and budgeting tools. The bank also offers drive-up teller services with extended hours and video teller technology allowing customers to speak with bankers through ATMs without needing a debit card.

Question 6

What makes Bank of Washington unique?

Accepted Answer

Bank of Washington distinguishes itself through its remarkable 147-year history of continuous community ownership and operation. The Eckelkamp family has led the bank for multiple generations, with L.B. Eckelkamp, Jr. currently serving as Chairman of the Board and Chief Executive Officer.

The bank was a pioneer in introducing several "firsts" to the region, including the first walk-up teller window (1954), one of the first drive-up teller windows in Missouri (1959), the first installment loan department in the area (1966), and Franklin County's first full-service retail branch inside a supermarket (1999). Bank of Washington's commitment to innovation while maintaining personal relationships sets it apart from larger regional competitors.

The institution emphasizes genuine customer care and community involvement, with deep roots in local civic activities, festivals, and charitable initiatives throughout Franklin County.

Question 7

What type of financial institution is Bank of Washington?

Accepted Answer

Bank of Washington is a State Chartered Commercial Bank. As a state-chartered institution, it operates under Missouri banking regulations and is a member of the Federal Deposit Insurance Corporation (FDIC).

The bank functions as a traditional community bank, emphasizing relationship banking with local decision-making authority. This structure allows the institution to respond quickly to customer needs while maintaining the personalized service expected from a community-focused financial institution that has served the same geographic area for nearly 150 years.

Bank of Washington

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Bank of Washington in the United States