In The News
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...
Washington Business Bank Reports Q1 Income (2023)
2023 First Quarter Financial Highlights First quarter 2023 net income of $388,183, 52.49% higher than Q1 2022 Loans outstanding increased by 9.58% over Q1 2022 Tangible book value per share increased 7.92% over Q1 2022 Total deposits increased by 2.66% over year-end 2022 Non-performing assets at the end of the...