US Bank Directory
Banks in Covington, WA
3 FDIC-insured banks operate 3 offices in Covington, Washington, and 2 credit unions have 2 offices.
Source: FDIC BankFind, data as of September 5, 2026; NCUA call report as of March 31, 2026; hours checked October 10, 2026.
Bank branch map: Covington
Banks sit at the coordinates in their FDIC record; credit union offices at their NCUA address, located with the U.S. Census Bureau Geocoder. Point at a marker for today's hours, tap it for the address, directions and the bank's site.
Short answer: 5 banks and credit unions operate 5 locations in Covington, according to the FDIC and the NCUA. 5 of them have coordinates on record and are on the map. 4 publish opening hours.
Branches: FDIC, NCUA. Streets: loading.
5 locations on the map
Tap a cluster to zoom in
Positions are the regulators' own coordinates, or the Census Geocoder's point for the address, and can sit a few hundred feet from the door. Streets, buildings and parks come from OpenStreetMap through OpenFreeMap, with every street named as you zoom in; if that map cannot load, a simpler map drawn from the Census Bureau's TIGER/Line files takes its place. ATMs will follow with the Overture Maps import.
All banks and credit unions in Covington
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: Chase, Bank of America and U.S. Bank have the most locations in Covington, with 1 each. 3 banks have a single office in the city. Open any bank to see each address, today's hours where the bank publishes them and the phone number.
Bank of America Bank · 1
Bank of America has 1 branch in Covington, 119 across Washington and 3,598 nationwide. FDIC records list its main office in Charlotte, NC and show it operating since 1904. With $2.65 trillion in total assets on June 30, 2026, it ranks No. 2 of 4,232 U.S. banks by total assets. The Covington Legacy Branch at 27103 185th Ave Se dates to 1995 in FDIC branch records. Its published hours do not list Saturday.
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Covington Legacy Branch27103 185th Ave Se, 98042
All hours
Mon closed; Tue to Fri 9 am to 4 pm; Sat to Sun closed
Hours: Bank of America branch locator (All The Places), checked Oct 10, 2026
Boeing Employees Credit Union Credit union · 1
Boeing Employees Credit Union has 1 office in Covington, 69 across Washington. It is based in Tukwila, WA and $30.01 billion in assets on March 31, 2026, according to its NCUA call report. It opens on Saturday.
Who can join: see the credit union's site.
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Covington Neighborhood Financial Center17307 Se 272Nd St Ste 110, 98042
All hours
Mon to Fri 9 am to 6 pm; Sat 9 am to 1 pm; Sun not published
Hours: NCUA, March 31, 2026
Chase Bank · 1
Chase has 1 branch in Covington, 149 across Washington and 5,176 nationwide. FDIC records list its main office in Columbus, OH and show it operating since 1824. With $4.09 trillion in total assets on June 30, 2026, it ranks No. 1 of 4,232 U.S. banks by total assets. The Covington Square Branch at 17029 Se 272nd St dates to 2021 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Covington Square Branch17029 Se 272nd St, 98042
Red Canoe Credit Union Credit union · 1
Red Canoe Credit Union has 1 office in Covington, 11 across Washington. It is based in Longview, WA and $1.21 billion in assets on March 31, 2026, according to its NCUA call report. It opens on Saturday.
Who can join: see the credit union's site.
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Covington Red Canoe Cu27022 176Th Pl Se, 98042
All hours
Mon to Fri 8:30 am to 5:30 pm; Sat 9 am to 1 pm; Sun not published
Hours: NCUA, March 31, 2026
U.S. Bank Bank · 1
U.S. Bank has 1 branch in Covington, 136 across Washington and 2,097 nationwide. FDIC records list its main office in Cincinnati, OH and show it operating since 1863. With $705.55 billion in total assets on June 30, 2026, it ranks No. 6 of 4,232 U.S. banks by total assets. The Covington Branch at 17601 Se 272nd St dates to 1982 in FDIC branch records. It opens on Saturday.
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Covington Branch17601 Se 272nd St, 98042
All hours
Mon not published; Tue to Fri 9 am to 5 pm; Sat 9 am to 1 pm; Sun not published
Hours: U.S. Bank branch locator (All The Places), checked Oct 10, 2026
Join a credit union in Covington
2 credit unions have 2 offices here: Boeing Employees Credit Union and Red Canoe Credit Union. Each office is listed above with the phone and the hours it filed with the NCUA (call report as of March 31, 2026). Who can join each one is on its own site; the credit unions in Covington page has every office in the state's directory.
Banking in Covington: the local picture
Short answer: 3 banks run 3 branches in Covington according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.
Of the 3 banks, 0 have their main office in Covington and 3 out of state, according to the FDIC.
The bank with the longest record here is Chase, operating since 1824 according to the FDIC. In FDIC branch records, the longest-running branch is U.S. Bank's office at 17601 Se 272nd St, dating to 1982; the newest is Chase's at 17029 Se 272nd St, from 2021.
2 credit unions have 2 offices in Covington, according to the NCUA. Who can join each one is on the credit unions page.
Of the 4 locations with published hours. 3 open on Saturday. 1 location has no published hours in these sources.
Banks and credit unions open on Saturday in Covington
Short answer: 3 of the 4 Covington locations with published hours open on Saturday, run by 3 institutions.
- U.S. Bank: 1 of 1 branch (17601 Se 272nd St: Saturday 9 am to 1 pm)
- Boeing Employees Credit Union: 1 of 1 office (17307 Se 272Nd St Ste 110: Saturday 9 am to 1 pm)
- Red Canoe Credit Union: 1 of 1 office (27022 176Th Pl Se: Saturday 9 am to 1 pm)
Credit union hours are the text each credit union filed with the NCUA, call report as of March 31, 2026; a day the filing does not mention is shown as not published, never as closed. Bank branches show hours only where the bank publishes them in a source this page uses; 1 of the 5 locations here have no published hours yet. The source and date sit under each office. Banks and credit unions often close on Federal Reserve holidays; call ahead.
Chase, Bank of America and other national banks
Which big national banks have branches in Covington, and where the nearest one is if they do not.
Short answer: In Covington: Chase (1), Bank of America (1), U.S. Bank (1). No branches in Covington: Wells Fargo (nearest in Kent, 4 mi), PNC Bank, Truist, Fifth Third Bank, Huntington, Regions Bank, TD Bank, BMO (nearest in Tacoma, 17 mi).
| Bank | In Covington | Nearest branch if none here |
|---|---|---|
| Chase | 1 branch | here |
| Bank of America | 1 branch | here |
| U.S. Bank | 1 branch | here |
| Wells Fargo | None | Kent, 4 miles away |
| PNC Bank | None | none in Washington |
| Truist | None | none in Washington |
| Fifth Third Bank | None | none in Washington |
| Huntington | None | none in Washington |
| Regions Bank | None | none in Washington |
| TD Bank | None | none in Washington |
| BMO | None | Tacoma, 17 miles away |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Covington to the nearest branch in Washington.
What your savings could earn
National benchmarks and the best published offers, from the Banrox Bank Rates tracker. Enter your own balance and rate to compare.
Short answer: At the national average savings rate of 0.38%, $10,000 kept in savings for a year earns about $38. The best published savings rate in the tracker, 3.75% at CIT Bank, earns about $375. The national average 12-month CD pays 1.71%.
| Offer | Bank | APY | Term | Minimum |
|---|---|---|---|---|
| Savings | CIT Bank | 3.75% | none | $5,000 |
| Savings | Barclays | 3.50% | none | $0 |
| Savings | Marcus by Goldman Sachs | 3.40% | none | $0 |
| CD | Synchrony Bank | 4.35% | 60 Months | $0 |
| CD | Marcus by Goldman Sachs | 4.35% | 24 Months | $500 |
| CD | American Express National Bank | 4.25% | 10 Months | $0 |
Rates are the banks' published APYs as tracked on the Banrox Bank Rates page, with the date next to each benchmark; they are not offers from Banrox and can change daily. Interest is before tax. The best offers are mostly online banks and are open to Covington residents like anyone else.
Banks near Covington
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are Maple Valley (4 miles) and Kent (5 miles). Federal Way, 11 miles away, has the most banks nearby: 13.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in Maple Valley, WA | 4 mi | 6 | 7 |
| Banks in Kent, WA | 5 mi | 12 | 20 |
| Banks in Auburn, WA | 7 mi | 10 | 13 |
| Banks in Renton, WA | 9 mi | 7 | 16 |
| Banks in Tukwila, WA | 10 mi | 5 | 5 |
| Banks in Des Moines, WA | 10 mi | 5 | 5 |
| Banks in Federal Way, WA | 11 mi | 13 | 20 |
| Banks in Milton, WA | 12 mi | 4 | 4 |
Bank branch openings and closings in Covington
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Covington between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Largest banks in Covington by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Covington offices.
Short answer: Chase is the largest bank with offices in Covington, with $4.09 trillion in total assets on June 30, 2026, No. 1 among U.S. banks by total assets. Bank of America is second with $2.65 trillion. Local deposit shares will follow once the FDIC Summary of Deposits is imported.
| Bank | Total assets | Rank | Offices here | Main office |
|---|---|---|---|---|
| Chase | $4.09 trillion | No. 1 | 1 | Columbus, OH |
| Bank of America | $2.65 trillion | No. 2 | 1 | Charlotte, NC |
| U.S. Bank | $705.55 billion | No. 6 | 1 | Cincinnati, OH |
Total assets and ranks from FDIC BankFind as of June 30, 2026. Rank is among active banks that report total assets to the FDIC.
Banks in Covington: FAQ
How many banks are in Covington, WA?
Covington has 3 banks with 3 branches and 2 credit unions with 2 offices, according to FDIC data as of September 5, 2026 and NCUA data as of March 31, 2026.
Which bank has the most branches in Covington?
Chase, with 1. Bank of America has 1 and U.S. Bank has 1.
Is there a Chase in Covington, WA?
Yes. FDIC data lists 1 Chase branch in Covington as of September 5, 2026. The address and directions are under Chase above.
Is there a Bank of America in Covington, WA?
Yes. FDIC data lists 1 Bank of America branch in Covington as of September 5, 2026. The address and directions are under Bank of America above.
Is there a U.S. Bank in Covington, WA?
Yes. FDIC data lists 1 U.S. Bank branch in Covington as of September 5, 2026. The address and directions are under U.S. Bank above.
Is there a Wells Fargo in Covington, WA?
No. FDIC data lists no Wells Fargo branch in Covington as of September 5, 2026. The nearest is in Kent, about 4 miles away in a straight line.
Which banks in Covington are open on Saturday?
U.S. Bank, Boeing Employees Credit Union and Red Canoe Credit Union publish Saturday hours for one or more Covington locations. The Saturday section above lists each one with its hours. 1 of the 5 locations here do not publish hours in the sources this page uses; call ahead.
What is the oldest bank in Covington?
Chase has the longest record among banks with a branch here: the FDIC shows it operating since 1824.
Which credit unions can I join in Covington?
Boeing Employees Credit Union and Red Canoe Credit Union have offices in Covington. Check each credit union's membership rules before you apply.
Did any bank branches open or close in Covington in the past year?
FDIC branch records show no branch openings between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Where can I find more banks near Covington?
Nearby cities with more banks include Maple Valley, Kent, Auburn. Maple Valley is 4 miles away with 6 banks.
How we build this page
Every figure above comes from one of these sources. Nothing is typed by hand, nothing is estimated.
| Data | Source | License | Updated | Data as of |
|---|---|---|---|---|
| FDIC-insured banks: branches, main offices, total assets, dates established | FDIC BankFind Suite API | Public data (U.S. government) | Monthly import | Sep 5, 2026 |
| Credit union offices, phones and hours as filed with the NCUA, total assets | NCUA call report data | Public data (U.S. government) | Quarterly import | Mar 31, 2026 |
| Map coordinates of 2 credit union offices whose NCUA record has none, from the office address | U.S. Census Bureau Geocoder | Public data (U.S. government) | With each NCUA import | Oct 19, 2026 |
| Bank branch hours, phones and branch pages (2 of 3 branches: Bank of America, U.S. Bank) | The banks' own branch locators, collected by All The Places | CC0 (All The Places data); each bank's locator is the primary source | Weekly spider run, monthly refresh here | Oct 10, 2026 |
| Savings and CD rates, national averages | Banrox Bank Rates | Banrox, from the banks' own rate pages and FDIC national rates | Weekly | see each rate |
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