In The News
Washington Business Bank Reports Q1 Income
2024 First Quarter Financial Highlights First quarter 2024 net income of $312,191 Loans outstanding increased by 6.15% over Q1 2023 Tangible book value per share increased 8.22% over Q1 2023 Total deposits increased by 3.72% over Q1 2023 There were no non-performing assets at the end of the quarter OLYMPIA,...
Sound Credit Union and Washington Business Bank Announce Acquisition Agreement
TACOMA, Wash. and OLYMPIA, Wash. – March 11, 2024 - Sound Credit Union, a leading not-for-profit financial institution serving Washington State, and Washington Business Bank (OTCPK: WBZB), a premier commercial bank headquartered in Olympia, Washington, announced today they have entered into a definitive agreement in which Sound Credit Union will...
Washington Business Bank Reports Record Quarterly & Year-End Results (2023)
Q4 2023 Highlights Record Q4 2023 Net Income of $437,723, 6.19% higher than Q4 2022 Record YTD net income of $1,570,712, 34% higher than year-end 2022 Zero non-performing assets at year end. Bank remains well-capitalized at 18.56% Tier 1 Capital OLYMPIA, WA, January 16, 2024 – Jon M. Jones, President...
Washington Business Bank Reports Q3 & Record Ytd Results
Q3 2023 Financial Highlights Q3 2023 net income of $367,383, 28.17% higher than Q3 2022 Record YTD earnings of $1,132,989, 49.26% higher than YTD Q3 2022 YTD 2023 EPS of $1.59, 47.50% higher than YTD Q3 2022 EPS Tangible book value per share increased 9.27% over Q3 2022 OLYMPIA, WA...
Washington Business Bank Reports Q2 & Ytd Results (2023)
2023 Second Quarter Financial Highlights Q2 2023 net income of $377,423, 73.23% higher than Q2 2022 YTD earnings of $765,605, 62.06% higher than YTD June 2022 Total Deposits decreased 2.94% over second quarter 2022 Tangible book value per share increased 9.38% over second quarter 2022 OLYMPIA, WA July 12, 2023...
Washington Business Bank Announces New Board Members
OLYMPIA, WA May 26, 2023 – The board of directors of Washington Business Bank (WBZB) is pleased to announce the addition of two new board members, Gwen Gill and Darragh Buckley. Gwen Gill is a founder of Trouvés Health Care Corporation in Pierce County. Under her vision, Trouvés Health Care...