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2024 First Quarter Financial Highlights OLYMPIA, WA April 23, 2024 – Jon M. Jones, President and CEO, of Washington Business Bank today announced the results for the first quarter of 2024. The bank posted net income of $312,191 for the quarter ended March 31, 2024 vs. net income of $388,182 in the first quarter of…
Read MoreTACOMA, 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 acquire Washington Business Bank. The…
Read MoreQ4 2023 Highlights OLYMPIA, WA, January 16, 2024 – Jon M. Jones, President and CEO, of Washington Business Bank today announced the results for the 4th quarter and year-end 2023. The bank posted record net income of $437,723 for the quarter ended December 31, 2023. Fourth quarter 2023 income was 6.19% higher than the 4th…
Read MoreQ3 2023 Financial Highlights OLYMPIA, WA October 10, 2023 – Jon M. Jones, President and CEO, of Washington Business Bank today announced the results for the third quarter of 2023. The bank posted net income of $367,383 for the quarter ended September 30, 2023 vs. net income of $286,636 in the third quarter of 2022,…
Read More2023 Second Quarter Financial Highlights OLYMPIA, WA July 12, 2023 – Jon M. Jones, President and CEO, of Washington Business Bank today announced the results for the second quarter of 2023. The bank posted net income of $377,423 for the quarter ended June 30, 2023 vs. net income of $217,872 in the second quarter of…
Read MoreOLYMPIA, 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 Corporation has partnered with the…
Read More2023 First Quarter Financial Highlights OLYMPIA, WA April 11, 2023 – Jon M. Jones, President and CEO, of Washington Business Bank today announced the results for the first quarter of 2023. The bank posted net income of $388,183 for the quarter ended March 31, 2023 vs. net income of $254,551 in the first quarter of…
Read MoreOLYMPIA, 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 clients in Western Washington.Jon Jones,…
Read MoreOLYMPIA, 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 the terms of the amendment,…
Read MoreOLYMPIA, 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 $30.00 per share, in cash,…
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