Commencement Bank will open new downtown Tacoma headquarters Monday

Tacoma-based Commencement Bank will move out of its headquarters on Broadway this week and open its new headquarters on Commerce Street on Mon., March 26.

“Commencement Bank is serious about delivering personalized, flexible banking services to meet all of your financial needs, so we’re moving to a bigger space with free parking to serve you better,” reads a notice on the bank’s Web site. “It’s just around the corner from our current branch and only a few steps away.”

In January, the Tacoma Daily Index was first to report a massive tenant improvement project was under way inside the bank’s new headquarters building, which is located at 1102 Commerce Street. According to Tom Brown of Neil Walter Company, the commercial real estate broker for the building, Commencement Bank, currently located at 1135 Broadway Plaza, will occupy approximately 12,000-square-feet of the 34,110-square-foot building, including the Commerce Street, third, and sixth floors. The building’s ownership group is also installing a new HV/AC system throughout the entire building.

The six-story, 38-year-old building has been a hub for banks in recent years. Union Bank permanently closed its location there in September, choosing to consolidate its operations at 1502 Commerce Street. In 2010, the previous tenant, Frontier Bank, was purchased by Union Bank.

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Commencement Bank closer to downtown Tacoma relocation (02/09/12) —

Building improvements under way for Commencement Bank’s relocation (01/26/12) —