Yakima Expansion Approved-- New Building Slated for 2020
Baker Boyer plans for growth in facilities and staffing to meet the growing needs of the Yakima Valley. This is in stark contrast to many financial services firms that have exited the market in favor of remote phone and web-based service only
At its December meeting, the Board of Directors of Baker Boyer authorized the construction of a $10.5 million new branch in Yakima, which includes both the cost of land and construction. The building will be approximately 19,000 square feet. It will house offices for Baker Boyer advisors and staff, client meeting and conference rooms, and new backup & recovery space for our IT group. It will also feature a large community conference space for up to 100 people designed to serve the community, as well as Baker Boyer functions.
This building will replace the current office in Yakima, which has been the fastest growing for the Bank. “Thanks to the strong support we’ve received from the community, its CPAs, attorneys, businesses and other professional, we have experienced 17 years of growth. We find it surprising that so many other financial service providers have opted to reduce their local footprint. Our focus on local, personal relationships has led us to increase our staffing, and we have simply run out of space in our current building,” explained Mark Kajita, Baker Boyer president and CEO. “We anticipate adding 4-5 new hires when the building opens, and as many as 7 more in the future based on anticipated net income growth,” Kajita explained.
This represents the third significant investment that Baker Boyer has made in the Yakima Valley. The first was its original entry into the Yakima Valley in 2001. The second was the building of the current building in 2006. The third is this just-approved expansion.
The General Contractor for the project is Yakima-based Tri-Ply Construction, LLC. Several local subcontractors and suppliers will be involved in the project. Construction should begin at the end of the first quarter of next year, and the target opening is second quarter of 2020.
Brad Hansen, Yakima Regional Manager for Baker Boyer, commented “In addition to providing us space to expand our D.S. Advisor team, we’re excited about the new community conference space. In addition to providing a state of the art facility for our clients, our new location will allow us to host and support local community organizations with ample meeting space.” The conference facility will be big enough to hold medium-sized conferences, trainings, and events for up to 100 people. It will be housed on the lower level of the new two-story building, which will be situated just up the hill from the current Baker Boyer office.
This building will be the largest capital project since the building of Baker Boyer’s Main Office in Walla Walla, and it is a recognition by the Board of Directors of the importance of the Yakima Valley for the future of the Bank.
Kajita commented, “This is an exciting opportunity to solidify Baker Boyer’s legacy for generations, and a continuation of our evolution to support and strengthen the communities we serve.”