TENINO, WA--(Marketwired - November 10, 2016) - O Bee Credit Union has finalized an agreement to purchase KeyBank's former branch building at 149 Sussex Ave. W. in downtown Tenino. The purchase should be completed within the next few weeks.
KeyBank has approved the sale of this building to enable O Bee Credit Union to keep financial services within the Tenino community.
O Bee's new Tenino branch, the fifth in its network, is expected to open by early 2017 after some renovation.
The branch site became available more than a year ago when KeyBank consolidated its Tenino operation with the Grand Mound branch. Key continues to serve Tenino customers in Grand Mound, Tumwater, and Yelm.
About O Bee Credit Union
O Bee Credit Union (The Olympia Brewing Company Employees and Families Credit Union) was started February 15, 1955, by Ted McGill who worked in the bottle house of the Brewery. This full service not for profit credit union owned by its members is now open to all Washington residents with locations in Tumwater, Tenino, Lacey West Olympia and Yelm.
KeyCorp operates 154 KeyBank branches in Washington.
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $135.8 billion at September 30, 2016.
Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.