In The News
Washington Business Bank Announces Extension of Tender Offer
OLYMPIA, WASHINGTON, August 17, 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...
WASHINGTON BUSINESS BANK REPORTS Q2 & YTD RESULTS 2022
2022 Second Quarter Financial Highlights Second quarter 2022 net income of $217,872YTD earnings of $472,500, 39.19% lower than YTD June 2021Total Deposits decreased .45% over second quarter 2021Tangible book value per share increased 7.16% over second quarter 2021Nonperforming assets to total assets of 0% OLYMPIA, WA July 21, 2022 –...
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...
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,...
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...
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...