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Metropolitan Savings Association, Portland and Eugene, Oregon, 1991; First Federal Savings Bank, Salt Lake City, 1993; West Coast Mutual Savings Bank, Centralia, Washington, 1996; Metropolitan Bancorp, Seattle, November 29, 1996 [3] United Savings and Loan Bank (4 branches, based in Seattle) for $65 million in 2003.
[91] [92] Another major employer is Umpqua Bank, which absorbed Sterling Bank and its Mountlake Terrace-based subsidiary Golf Savings Bank. [93] [94] Mountlake Terrace's businesses had $223 million in total taxable retail sales in 2016, growing by 46 percent over a five-year period.
Its banking subsidiary, Seafirst Bank, was the largest bank in Washington, with 235 branches and 497 ATMs across the state. [1] [2]
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The term 3-6-3 Rule describes how the United States retail banking industry operated from the 1950s to the 1980s. [1]: 51 The name 3-6-3 refers to the impression that bankers had a stable, comfortable existence by paying 3 percent interest on deposits, lending money out at 6 percent, and being able to "tee off at the golf course by 3 p.m." [1]: 51 [2]
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The robbery was reported at 5:56 p.m. Monday, April 1 at the People’s Bank on 12th Street inside Haggen grocery, according to Megan Peters with the Bellingham Police Department.