KeyBank to move into former Blockbuster building

March 4, 2010

By Tim Pfarr

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The Blockbuster located across the parking lot from the Coal Creek Parkway Safeway went out of business in early February, and KeyBank is now moving into the building.

KeyBank will move into the old Blockbuster building across from the Coal Creek Parkway Safeway. Bank officials hope to open for business in late July or early August. By Tim Pfarr

Director of Community Development Steve Roberge said KeyBank officials are nearly done with the permitting process, and KeyBank officials said they plan to begin remodeling the building once they complete the process. They plan to open their doors for business in late July or early August.

KeyBank District Retail Leader John Roehm said KeyBank chose to build a branch in Newcastle to continue improving convenience for their clients.

“We’ve analyzed our presence in Western Washington and have identified several locations, including Newcastle, where we have a gap in service coverage,” he said. “Our closest branches are currently in Renton and Factoria.”

He said KeyBank chose the location because it is in the heart of Newcastle’s commercial district and its location will be convenient to both residents and merchants.

The Newcastle branch will be the 88th KeyBank branch in its Seattle-Cascade District, and the 156th office in Washington. Roehm said KeyBank plans to open 11 new branches in the next two years. It opened four new branches last year, including the Renton branch.

Interim City Manager Rob Wyman welcomed KeyBank to the city.

“We’re happy to have them here,” he said. “We’re going to work with them and do everything we can to make sure they’re successful here.”

Chase Bank, HomeStreet Bank and Wells Fargo Bank also have branches within Newcastle city limits.

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