Cashmere Valley Bank announced the opening of its Union Gap location. The company feel that Union Gap is in a prime and growing location with a mixture of businesses and residential housing. The company have high hopes for that location's future.

Construction on the Union Gap facility was completed and opened effective September 11, 2023. The Summitview location in Yakima closed on September 8, 2023 and personnel were relocated to Union Gap. Union Gap houses traditional banking services along with a mortgage lender and MRS Insurance personnel.