First Northwest Bancorp in Port Angeles, Wash., will close its branch in Bellevue, Wash., at the end of April.
The $2.1 billion-asset company said in a press release that it inherited the branch when it bought Sterling Bank and Trust in July 2021.
The closure will save the company $900,000 annually.
“Customer preferences continue to evolve, and we are seeing that, for this location, the use of online and mobile banking services continues to become more prevalent than in-person visits,” Curt Queyrouze, the company’s president and CEO, said in the release. “Closing this branch allows us to focus on streamlined delivery channels that are convenient, secure and bring innovative banking solutions to our markets.”
Separately, the board did not declare a dividend for the first quarter.