Commencement Bank was granted regulatory approval to convert the Bank's Gig Harbor, Wash. loan production office into a full-service branch. This charter allows Commencement to offer the community its full spectrum of deposit and loan products and services.

This location originally opened as a loan production office in August 2023, and it now operates as a full-service branch serving Gig Harbor and the surrounding markets. The branch will remain staffed by local bankers, Allisha McVay, Julie Lilly, Daniel Hanson, and Chrissie Wade, who were each selected for their connections and familiarity in the Gig Harbor market. Over the past few months, they have worked to bring attention to the Commencement Bank name and connect it to the customer service-based philosophy on which the Bank operates.