The Montavilla branch of Riverview Community Bank will close permanently on May 20th. Having commissioned the building in 2003, Riverview owns the property and has not announced plans to sell the location. This closure is the third bank to leave Montavilla within a year. Both US Bank and Chase Bank closed their Glisan Street branches.
The Riverview Montavilla branch, located at 9415 SE Stark Street, is near the I205 off-ramp and Multi-Use path. After May 20th, the bank’s members can use the Gateway branch, located 1.6 miles away at 10401 NE Halsey Street. Only one other bank exists within Montavilla’s boundary, Bank of the West, at the corner of SE 82nd Ave and Division Street. As the banking world continues to evolve, physical locations are in decline. However, the lack of banking services within the area will likely impact small businesses that rely on teller services.