New Location Demonstrates Commitment to Downtown Seattle and Bank’s High-Tech, High-Touch Approach to Client Service
SEATTLE, WA – Bank of America today celebrated the grand opening of its new financial center in Downtown Seattle at 7th and Olive. The opening of the center demonstrates Bank of America’s ongoing commitment to the downtown business corridor and the company’s mission to bring retail banking, lending and small business services, along with investing and personalized financial guidance from Merrill, to clients across the city. The new location is a modernized facility that replaces the bank’s former presence at 5th and Olive which recently closed after more than 90 years in the same location.
Since 2016, Bank of America has invested more than $100 million in updating its financial center network across the Seattle market, with plans to continue investing in updates through 2030.
With $3.59 billion in loans to small and commercial business across King, Pierce, Snohomish and Thurston counties, and $43 billion in FDIC deposits, Bank of America is the region’s largest bank by deposit share, currently operating 104 financial centers and 312 ATMs with 1,770 local employees.
The 7th and Olive financial center is located at 1700 7th Ave, Suite 100, Seattle, WA 98101. The destination showcases the latest technology including three full service ATMS (two exterior, walk-up vestibule ATM, a lobby ATM), seven private offices to assist clients one-on-one and on-site financial specialists who work as one team to understand a client’s unique priorities and goals and provide personalized guidance.
“For more than 150 years, Bank of America Seattle has served the greater Seattle community with our innovative products and services and an unwavering focus on helping our clients improve their financial lives,” said Clayton DeHaan, region executive for Bank of America Seattle. “Our relocation to 7th and Olive is a further demonstration of our commitment to responsible growth and the optimism we feel around Seattle’s business district and our local economy. Whether it’s retail banking, lending and small business needs, financial guidance from Merrill, or our best-in-class digital tools, we’re on a mission to empower our clients to bank when, where and how they choose.”
Clients across Puget Sound region have access to Bank of America’s industry-leading digital capabilities, which serve the banking, lending and investing needs of more than 1.1 million local verified digital clients. The bank’s digital leadership was recognized with more than 120 digital-related accolades in 2022.
In addition to best-in-class services, artwork featured in the 7th and Olive location is comprised of works by artists that have been traditionally underrepresented in the contemporary art market, who are living with disabilities or impacted by housing insecurity. Bank of America displays this art thanks to a partnership that Bank of America has with the social enterprise group ArtLifting. The program includes background and career information, allowing the community to learn about each artist’s unique perspective, style, and story, based on the diversity of their lived experiences and innovative processes. Seattle-native visual artist, performer and musician Jeffery “Cheetah” Mayo’s “Native American Tiki” is one of the pieces on display in the center as part of the program.
As part of Bank of America’s commitment to Responsible Growth, the company has invested more than $14 million across the Puget Sound-area region since 2018 through grants to local nonprofits, employee matching gifts, sponsorships and other investments, in addition completing more than 74,000 employee volunteer hours.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).