In The News
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...
Washington Business Bank Announces Termination of Acquisition Agreement
OLYMPIA, WASHINGTON, February 16, 2023 – Washington Business Bank (WBB or the Bank) (OTCPK: WBZB) announced today that it has reached a mutual agreement with an individual investor to terminate the previously-announced acquisition agreement. The Bank will remain a locally owned, independent community bank, providing custom commercial banking services to...
Washington Business Bank Announces Amendment to Acquisition Agreement and Extension of Tender Offer (1/31/2023)
OLYMPIA, WASHINGTON, January 31, 2023 – Washington Business Bank (WBB or theBank) announced today the signing of the second amendment to the acquisition agreement datedMay 12, 2022, pursuant to which an investor is seeking to acquire 100% of the shares of WBBthrough a tender offer to all its shareholders. Under...
Washington Business Bank Announces Extension of Tender Offer (1/20/2023)
OLYMPIA, WASHINGTON, January 20, 2023 – Washington Business Bank (WBB or the Bank) (OTCPK: WBZB) announced today the extension of the expiration date of the cash tender offer by an individual investor to acquire up to 100% of the outstanding shares of common stock of WBB, at a price of...
Washington Business Bank Announces Extension of Tender Offer (12/23/2022)
OLYMPIA, WASHINGTON, December 23, 2022 – Washington Business Bank (WBB or theBank) (OTCPK: WBZB) announced today the extension of the expiration date of the cash tenderoffer by an individual investor to acquire up to 100% of the outstanding shares of common stockof WBB, at a price of $30.00 per share,...
Washington Business Bank Announces Extension of Tender Offer (12/9/2022)
OLYMPIA, WASHINGTON, December 9, 2022 – Washington Business Bank (WBB or the Bank) (OTCPK: WBZB) announced today the extension of the expiration date of the cash tender offer by an individual investor to acquire up to 100% of the outstanding shares of common stock of WBB, at a price of...