Community bank with 27 branches in Washington and Oregon offering personal and business banking, home loans, and deposit products with FDIC insurance.
Data compiled from public sources · Rating from CreditDoc methodology
1st Security Bank is a community-focused financial institution operating across Washington and Oregon with a network of 27 branches. S. Government, providing depositors with federal protection on their accounts.
, has announced a merger agreement with Pacific West Bancorp to expand service capabilities and community reach. 2nd Security Bank offers a comprehensive suite of personal and business banking services. For personal customers, they provide checking and savings accounts, certificates of deposit (CDs), home loans, home equity lines of credit (HELOCs), and mobile/manufactured home loans.
00% APY on the first $5,000 in Optimum Savings accounts. Business customers can access treasury management services, business checking, and business lending solutions. The bank also offers specialized products like 1st Hero Checking for local heroes and a mobile banking app available on iOS and Android platforms.
What distinguishes 1st Security Bank is its emphasis on local decision-making and community involvement. The bank positions itself as having "local bankers" and "local decision makers" rather than centralized corporate banking. They sponsor community events including Customer Appreciation Week and free scam awareness seminars.
The bank serves a specific geographic region from the Olympic coast to eastern Oregon, allowing for personalized service and community integration that larger national banks typically cannot provide. 1st Security Bank is a legitimate, federally-insured banking institution best suited for customers in Washington and Oregon seeking traditional community banking with branch access and local relationship-based service. The primary caveat is geographic limitation—the bank only operates in Washington and Oregon, making it unavailable for customers outside these states.
Additionally, while they offer competitive rates, customers should compare their deposit and lending rates against regional and national alternatives before opening accounts.
1st Security Bank of Washington processed 1,358 mortgage applications in 2023, approving 89.4% of applicants across 8 states.
1,358
Applications
89.4%
Approval Rate
$473K
Avg Loan
8
States Served
Based on 1,358 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. 1st Security Bank of Washington is a registered company, headquartered in Mountlake Terrace, WA, founded in 2004.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
1st Security Bank is best for Washington and Oregon residents and businesses seeking traditional community banking with local decision-makers, competitive rates, and physical branch access. The main caveat is strict geographic limitation—the bank operates exclusively in Washington and Oregon, making it inaccessible for customers outside these states or those requiring fully digital banking experiences.
Eastern Washington's 150+ year-old national bank offering personal and business banking, wealth management, and financial planning with a community-focused approach.
Best for: Eastern Washington families and businesses seeking personalized banking with local relationship managers, Customers wanting comprehensive wealth management integrated with banking (checking, savings, investments, planning)
WaFd Bank is a full-service regional bank operating in Washington, Nevada, New Mexico, and Oregon with branch locations including Seattle's International District, offering personal and business banking services.
Best for: Customers in the Pacific Northwest (Washington, Oregon) seeking community-focused banking with personalized service, Small business owners in WaFd Bank's service areas needing local commercial lending relationships
WSECU is a Washington-based credit union offering banking services including checking, savings, and branch access. Members enjoy online banking, ATM networks, and community spaces.
Best for: Washington State residents seeking local, community-focused banking with physical branch access, U-District Seattle members needing convenient branch hours, parking, and community meeting space
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