In The News

WASHINGTON BUSINESS BANK ANNOUNCES AN AGREEMENT

WITH AN INVESTOR SEEKING TO ACQUIRE ITS SHARES THROUGH A TENDER OFFER OLYMPIA, WASHINGTON – Washington Business Bank (“WBB” or the “Bank”)  (OTCPK: WBZB) announced today the signing of an agreement pursuant to which an investor will seek to acquire 100% of the shares of WBB through a tender offer...
Read More

WASHINGTON BUSINESS BANK REPORTS Q1 INCOME FOR 2022

2022 First Quarter Financial Highlights First quarter 2022 net income of $254,551, 39.98% lower than Q1 2021Loans outstanding decreased by 12.46% over Q1 2021Total Deposits increased 2.83% over Q1 2021Tangible book value per share increased 7.92% over Q1 2021There were no nonperforming assets at the end of the quarter OLYMPIA,...
Read More

WASHINGTON BUSINESS BANK REPORTS RECORD YEAR-END RESULTS FOR 2021

Q4 2021 Highlights Record YTD net income of $1,416,939. 4.81% higher than year-end 20204th quarter 2021 Net Income 1.72% lower at $311,071 over Q4 2020Business Checking Deposits grew 38.32% over year-end 2020Bank remains well-capitalized at 17.93% Tier 1 Capital OLYMPIA, WA, January 18, 2022 – Jon M. Jones, President and...
Read More

WASHINGTON BUSINESS BANK REPORTS Q3 & RECORD YTD RESULTS

Q3 2021 Financial Highlights   Q3 2021 net income of $328,883, 10.46% higher than Q3 2020 Record YTD earnings of $1,106,000, 6.8% higher than YTD Q3 2020 Business Checking Deposits increased 33.33% over Q3 2020 Tangible book value per share increased 9% over Q3 2020 Nonperforming assets to total assets...
Read More

WASHINGTON BUSINESS BANK REPORTS Q2 & YTD RESULTS

2021 Second Quarter Financial Highlights   Second quarter 2021 net income of $352,904 YTD earnings of $777,000, 5.33% higher than YTD June 2020 Total Deposits increased 10.47% over second quarter 2020 Tangible book value per share increased 9.25% over second quarter 2020 Nonperforming assets to total assets of 0%  ...
Read More

WASHINGTON BUSINESS BANK REPORTS HIGHER Q1 INCOME (2021)

2021 First Quarter Financial Highlights   First quarter 2021 net income of $424,081, 34.89% higher than first quarter 2020 Loans outstanding grew by 19.38% over first quarter 2020 Total Deposits increased 20.27% over first quarter 2020 Tangible book value per share increased 11.70% over first quarter 2020 Nonperforming assets to...
Read More