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Washington Commercial Bank Cuts Teller Costs, Brings Bank to Customers.(Originated from The News Tribune, Tacoma, Wash.)

Knight Ridder/Tribune Business News

| June 03, 1997 | Fysh, Graham | COPYRIGHT 1997 McClatchy-Tribune Information Services. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TACOMA, Wash.--Jun. 3--Pierce County's newest bank, set to open in the fall, will have no tellers.

Nor will it have a drive-through nor a traditional banking hall.

The reason: Pierce Commercial Bank will go to its clients, rather than have its clients come to it.

"We will not have tellers because 95 percent of our clients probably will never come to the bank," says J.D. Hendrickson, CEO of Pierce Commercial. "We will provide private, bonded courier service that will go to their place of business to take the deposits."

Should clients want to visit Pierce Commercial, facilities will be available for them to make deposits or cash checks, Hendrickson adds.

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