Bank/Credit Union Recommendations

[Caleb Webster]

I need to open a business account with a bank or credit union in the Portland/Vancouver area, who do you use and would you recommend them? 

[Tyler Combs]

Originally posted by @Caleb Webster:

@Tyler Combs It's for a flipping business but also hoping to buy a few rentals in the next few months as well. Since the flips are done through an LLC I figured it was about time to get a separate account for the LLC. Would you recommend separate accounts for flipping and rentals? 

I don't anticipate high transaction volumes nor do I pickup properties through auctions (yet). I like the idea of having an account with a bank that is also a portfolio lender since it seems like they would be more favorable towards me. 

I would recommend checking out Premier Community Bank,  Lewis and Clark Bank or Banner Bank for smaller accounts. First Republic Bank is great if you have larger balances.  I know Maps Credit Union has given some friends some of their first investment property loans when no-one else would.  A few years ago, I got my first new construction loan through Premier Community and they were awesome to work with.  Best of luck!