Lake Oswego, Ore. — West Coast Bank will close its east Vancouver branch and two Oregon branches before the end of November to cut costs, the Lake Oswego, Ore.-based bank said in a new regulatory filing.
The branch at 1125 S.E. 163rd Place, Suite 102, is scheduled to close Nov. 11, bank officials said. With about five years of operation, it is the newest of West Coast’s four Vancouver branches and hasn’t performed as well as expected, said Kristie Nockleby, West Coast’s senior vice president for sales and marketing. Other local branches are in Orchards, Salmon Creek, and downtown Vancouver.
Employees will have priority to apply for other jobs within the company, Nockleby said. West Coast Bank, a subsidiary of West Coast Bancorp, is the second-largest Oregon-based bank. The Oregon branches being closed are in Charbonneau and Toledo.