Union Bank to close downtown Bellingham branch

THE BELLINGHAM HERALDSeptember 17, 2013 

BELLINGHAM - Union Bank is closing its downtown office, leaving one branch in Whatcom County for the company.

The final day of business at the downtown branch on 128 E. Holly St. will be Friday, Dec. 13. Customer accounts will be transferred to its existing Bellingham branch at 3410 Woburn St., said Alan Gulick, communications manager for the bank's Pacific Northwest region.

The Woburn branch will begin serving downtown branch customers on Monday, Dec. 16. He said customers do not need to make any changes: They can continue to use existing checks, deposit slips and payment coupons.

Gulick said several variables go into the decision to close a branch, including customer usage and fixed expenses. With the Woburn branch, he said, the bank remains committed to the Bellingham market.

The downtown branch has five employees. Downtown branch manager Christina Dillavou has accepted the branch manager position at the Woburn office.

"She will bring the same great commitment to service to our Woburn customers that her downtown customers enjoy every day," Gulick said.

As for the four remaining employees, the bank is helping them explore other position openings within the company, he said.

According to the Federal Deposit Insurance Corp., Union Bank had $12.5 million in deposits in the downtown branch as of June 30, 2012.

San Francisco-based Union Bank gained three Whatcom County branches in April 2010 when it acquired Everett-based Frontier Bank, which was shut down by government regulators.

Union Bank closed the Lynden branch in July 2012.

Reach Business Editor Dave Gallagher at 360-715-2269 or dave.gallagher@bellinghamherald.com. Read his Business Blog at bellinghamherald.com/business-blog or follow him on Twitter at @bhamheraldbiz.

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