INB opening branch in Spirit Lake

SPIRIT LAKE – Spirit Lake’s business district will add another enterprise when Inland Northwest Bank early next year opens the first full-service bank branch the village has seen in decades.

“We’re just sorry we’re not going to be open a lot sooner,” said INB’s Randy Fewel, chief executive officer. “But the Idaho Department of Transportation is requiring INB to add a center turn lane to Highway 41 in front of our property and this probably set us back at least two months.”

INB is constructing a single-story building with 2,322-square-feet of finished floor space and a partial basement with about half as much room, to be used for storage, at 31845 N. Fifth Ave.

Fewel said the branch will have three drive-through lanes, including a drive-through ATM machine.

Doors should open right after the first of the year, he said.

Three full-time and one part-time employee will staff the facility, along with help from loan officers Ron Jacobson and Don Maryon, who are based in INB’s Coeur d’Alene and Post Falls branches.

The Spirit Lake branch “will be full-service in terms of deposit products and consumer loans, commercial loans, home mortgages, home equity lines of credit and so on,” Fewel said.

Hours will be from 8:30 a.m. to 6:30 p.m. weekdays and from 10 a.m. to 3 p.m. Saturdays.”We decided to expand into Spirit Lake because we like the growth that is taking place there. And we have the opportunity to be the first financial institution in town,” Fewel said.

Presently, INB does business from a spot in Miller’s Food City grocery store.

General contractor is Leone and Keeble of Spokane. The architect is 3E Design Co., now owned by USKH. And many of the subcontractors on the job live in north Idaho, Fewel said.

“It’s full steam ahead now,” Fewel said. “We’re excited to become a part of the Spirit Lake community.”