RICHLAND, Wash.— HAPO Community Credit Union, with $2.4 billion in assets, is growing its presence in the Tri-Cities with a new $7.6 million office complex in Kennewick, the Tri-Cities Area Journal of Business reported.
The expansion follows HAPO’s recent acquisition of Community First Bank.
HAPO Community Credit Union is investing $8.6 million in a new development at 9757 W. Clearwater Ave. in Kennewick, which includes a $4.8-million, 18,000-square-foot commercial center and a $2.8 million, 10,000-square-foot call center. Building permits for plumbing and HVAC have also been approved, Tri-Cities Area Journal of Business said.
Earlier this year, HAPO purchased the seven-acre site near Clearwater Avenue and Utah Street for $3 million, county records show. The location is about a mile west of HAPO’s headquarters—the flashcube building.
HAPO said the site will support future expansion of its commercial banking division and other services as it integrates with Community First Bank. All 21 HAPO branches and five Community First locations remain open following the acquisition, Tri-Cities Area Journal of Business reported.
“This is more than just a milestone. It’s a powerful alignment of values, people and purpose. At HAPO, we believe in putting our people first, just like Community First Bank has done for decades. And now together, we’ll continue that commitment,” HAPO CEO Scott Mitchell said in a video message to welcome the members of Community First Bank.
HAPO and Community First, both based in the Tri-Cities, jointly announced the acquisition last fall.
The new combined organization was expected to have about $2.9 billion in assets, $2.5 billion in deposits and $2.2 billion in loans and serve more than 220,000 members, with 25 branches across Washington and Oregon, Tri-Cities Area Journal of Business said.