Washington Business Bank Announces Extension of Tender Offer (9/30/2022)

OLYMPIA, WASHINGTON, September 30, 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 $30.00 per share, in cash,…

Read More

Washington Business Bank Announces Extension of Tender Offer

OLYMPIA, WASHINGTON, September 23, 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 $30.00 per share, in cash,…

Read More

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 $30.00 per share, in cash,…

Read More

WASHINGTON BUSINESS BANK REPORTS Q2 & YTD RESULTS 2022

2022 Second Quarter Financial Highlights Second quarter 2022 net income of $217,872 YTD earnings of $472,500, 39.19% lower than YTD June 2021 Total Deposits decreased .45% over second quarter 2021 Tangible book value per share increased 7.16% over second quarter 2021 Nonperforming assets to total assets of 0% OLYMPIA, WA July 21, 2022 – Jon…

Read More

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 to all its shareholders.  Pursuant…

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 2021 Loans outstanding decreased by 12.46% over Q1 2021 Total Deposits increased 2.83% over Q1 2021 Tangible book value per share increased 7.92% over Q1 2021 There were no nonperforming assets at the end of the quarter OLYMPIA, WA…

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 2020 4th quarter 2021 Net Income 1.72% lower at $311,071 over Q4 2020 Business Checking Deposits grew 38.32% over year-end 2020 Bank remains well-capitalized at 17.93% Tier 1 Capital OLYMPIA, WA, January 18, 2022 – Jon M. Jones, President and CEO, of…

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 of 0.01%   OLYMPIA, WA…

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%   OLYMPIA, WA July 20, 2021…

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 total assets of .07%  …

Read More