What happened to the Bank of America in downtown Everett?
Bank of America closed its branch at 1602 Hewitt Avenue in April 2026, ending more than 60 years at the same corner location. The 62,000-square-foot building — owned by Skotdal Real Estate — is now available for lease for the first time since 1965, with availability starting mid-May 2026.

Downtown Everett’s Most Iconic Corner Is Open for Business — For the First Time in 60 Years

If you’ve driven down Hewitt Avenue lately, you’ve noticed something different at the corner of Hewitt and Colby. The Bank of America signs are gone. The drive-through lanes sit empty. And for the first time since 1965, the building at 1602–1604 Hewitt Avenue is looking for a new tenant.

We’ve been watching this space for a while. The closure was quiet — no press release, no farewell event, no real announcement beyond a letter to longtime customers. One week it was open, the next week the signs came down and the LoopNet listing went up. But what happens next in that building matters for downtown Everett in a way that’s hard to overstate.

What the Building Actually Is

The property at 1602–1604 Hewitt Ave is a 62,000-square-foot building on one of the most visible corners in downtown Everett — Hewitt and Colby, at the heart of the Hewitt Avenue commercial corridor. Skotdal Real Estate, the Everett-based commercial property firm that has been one of downtown’s most active investors for decades, owns and is now actively marketing the building.

The space coming available is approximately 12,000 square feet of the ground floor — the former bank branch and lobby. That footprint includes two things that are genuinely rare in downtown Everett: a three-lane drive-through and 92 covered parking spots. For any retail or service business that depends on vehicle access or parking, those features are nearly impossible to find this close to the core of downtown.

The space features full-corner frontage with dual street exposure on both Hewitt and Colby, large windows, a sweeping interior staircase, a private elevator, and what Skotdal describes as abundant natural light. It’s a landmark-grade build-out that doesn’t require a tenant to start from scratch.

Availability is listed as mid-May 2026.

Why Bank of America Left — and Why It Matters

Bank of America notified customers in writing beginning in November 2025 that the Hewitt location would close. The official company statement: “The financial center at 1602 Hewitt Avenue was one of the oldest and largest financial centers in our local network, and we have several other locations nearby that are more modern and aligned with how our clients bank today.”

It’s the same story playing out in downtowns across the country. More than 6,000 commercial bank branches nationally have closed over the past five years as mobile banking erodes the foot-traffic case for urban branches. The lobby at Hewitt and Colby had been shrinking for years — from a full teller line to one or two staff, serving mostly customers who needed cashier’s checks, in-person account services, or one of the few downtown locations where you could cash a check without an account.

But the closure stings a little more here because of what that corner has meant to Everett.

The building’s history on that block goes back to 1892, when the First National Bank of Everett opened at or near that address. The current structure dates to 1965 — built for what eventually became Seafirst Bank, which was acquired by Bank of America in 1983 and rebranded in 1999. That means Bank of America, or its direct predecessors, occupied this corner for over 60 consecutive years.

What Could Come Next

Skotdal Real Estate has been one of the most consequential forces in downtown Everett’s commercial real estate story. Their portfolio includes marquee buildings along the Hewitt and Colby corridors, and they’ve been central to attracting the office and retail tenants that have given downtown its current momentum.

The pitch for this space is straightforward: you get a flagship corner in a downtown that is actively transforming. The $10.6 million stadium design package approved by City Council in late April puts a 5,000-seat outdoor event center on track for a September 2026 construction start a few blocks away. The Everett Art Walk returns May 21. New restaurants on Hewitt — including R Harn Thai, which just opened — are drawing people back to the corridor.

The drive-through and parking are the X factor. Most retail or service concepts that need both would not normally be able to place themselves at Hewitt and Colby. A credit union, a pharmacy, a coffee-and-banking hybrid, a medical or dental clinic with patient parking, a high-volume quick-service restaurant — all of these would normally rule out a downtown corner and look for a suburban pad site instead. Here, the existing infrastructure changes that calculus.

The bigger-picture question is what this vacancy signals. Downtown Everett has been building momentum for several years, but it has also been honest about the challenges. Earlier this year the city documented a vacancy count along the commercial corridors that showed real gaps. The BofA closure adds to that count in one of the most visible spots possible. The answer to what comes next matters not just for Skotdal and the building’s future tenant — it matters for whether Hewitt Avenue’s commercial rebound stays on track.

What’s Already in the Neighborhood

The space doesn’t exist in isolation. Within a short walk:

• The Everett Art Walk’s gallery circuit runs along this stretch of downtown, including multiple galleries that have opened or expanded in recent years
• Narrative Coffee, STRGZR Coffee & Kitchen, and The Loft Coffee Bar anchor the coffee-and-remote-work scene on adjacent blocks
• New restaurant openings on Hewitt (R Harn Thai, Luca Italian, The New Mexicans) have added foot traffic
• The historic Everett Theatre at 2911 Colby is booking major acts through the summer

For a retailer or service business evaluating downtown Everett, the current moment is both encouraging and uncertain. The direction is clearly positive — but the pace of infill matters, and a vacant flagship corner is not a neutral signal.

The Practical Picture

Nearest Bank of America branches for former customers: Evergreen Way (5019 Evergreen Way), Greentree Plaza (305 SE Everett Mall Way, Suite 31), Silver Lake (1803 112th St SE), and Marysville (415 State Ave). Each is roughly 10–16 minutes by car.

The Skotdal listing for 1602–1604 Hewitt is active on LoopNet and directly at skotdal.com. The available footprint is described as ground-floor retail or office use, with the drive-through lanes and parking as potential differentiators for the right tenant.

We’ll be watching. When Skotdal secures a tenant for this space, it will be one of the bigger commercial announcements downtown Everett has seen in years.

Frequently Asked Questions

When did Bank of America close its downtown Everett branch?
Bank of America officially closed its branch at 1602 Hewitt Avenue in Everett in mid-April 2026. Customers were notified in writing beginning in November 2025.

Who owns the Bank of America building in downtown Everett?
Skotdal Real Estate, an Everett-based commercial property company, owns the building at 1602–1604 Hewitt Ave and is managing the lease-up of the vacated space.

How big is the former Bank of America space available for lease?
Approximately 12,000 square feet of ground-floor space is available, within a larger 62,000-square-foot building. The space includes a 3-lane drive-through and 92 covered parking spots.

When is the downtown Everett Bank of America space available?
Skotdal is listing availability as mid-May 2026. The building is actively being marketed on LoopNet and skotdal.com.

What was at that corner before Bank of America?
The current building dates to 1965 and was built for Seafirst Bank. Before that, the First National Bank of Everett — established in 1892 — operated at or near that address. Bank of America acquired Seafirst in 1983 and rebranded in 1999.

What other Bank of America locations serve downtown Everett customers?
The nearest locations are on Evergreen Way (~10 min), Greentree Plaza SE (~14 min), Silver Lake (~16 min), and Marysville (~14 min).