In The News

WASHINGTON BUSINESS BANK REPORTS RECORD YEAR-END RESULTS

Q4 2020 Highlights   4th quarter 2020 Net Income 10.77% higher at $316,504 over Q4 2019 Record YTD net income of $1,351,950. 26.02% higher than year-end 2019 Loans outstanding grew by 19.72% over year-end 2019 Business Checking Deposits grew 56.40% over year-end 2019 Bank remains well-capitalized at 14.59% Tier 1...
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JON JONES ELECTED TO FHLB DES MOINES BOARD

Washington Business Bank is pleased to announce that Jon M. Jones, President and CEO, has been elected to The Federal Home Loan Bank (FHLB) of Des Moines board of directors by Washington state FHLB members as the state member representative for a 4-year term commencing January 1, 2021. Washington state...
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WASHINGTON BUSINESS BANK REPORTS Q3 AND YTD INCOME

Q3 2020 Highlights   3rd quarter 2020 Net Income 1.79% higher at $297,700 over Q3 2019 YTD Net Income 31.55% higher at $1,035,450 over YTD Q3 2019 Loans outstanding grew by 19.11% over the same quarter in 2019 Business Checking Deposits grew 42.76% over the same quarter in 2019 Bank...
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WASHINGTON BUSINESS BANK REPORTS RECORD Q2 AND YTD INCOME

Q2 2020 Highlights   2nd quarter 2020 Net Income 48.49% higher at $423,300 over Q2 2019 YTD Net Income 49.16% higher at $737,700 over YTD Q2 2019 Loans outstanding grew by 15.53% over the same quarter in 2019 Total Deposits grew 6.13% over the same quarter in 2019 Bank remains...
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WASHINGTON BUSINESS BANK REPORTS HIGHER Q1 INCOME

Q1 2020 Highlights   1st quarter 2020 net income of $314,383, 50.00% higher than 1st quarter 2019 Loans outstanding grew by 1.42% over Q1 2019 Total Deposits decreased 12.65% over Q1 2019 Bank remains well-capitalized at 15.20% Tier 1 Capital   OLYMPIA, WA April 14, 2020 – Jon M. Jones,...
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JONES NAMED WASHINGTON BANKERS ASSOCIATION BOARD CHAIR

The Washington Bankers Association (WBA) announced that Jon Jones, president & CEO of Washington Business Bank in Olympia, was elected and installed as chairman of the WBA Board of Directors during the Association’s Annual Convention. The Board sets policy and is responsible for the prudent stewardship of the fiscal resources...
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