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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 Capital OLYMPIA, WA, January…
Read MoreWashington 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 members include banks, credit unions…
Read MoreQ3 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 remains well-capitalized at 14.77% Tier…
Read MoreQ2 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 well-capitalized at 14.85% Tier 1…
Read MoreQ1 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, President and CEO, of Washington…
Read MoreThe 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 of the Association. Bankers are…
Read Moret has been smooth sailing for Washington Business Bank in downtown Olympia as they celebrate yet another year of being voted the Best Bank in the South Sound by readers of The Olympian in their annual Best of the South Sound contest. It is a huge vote of confidence for one of the few, truly…
Read MoreOLYMPIA, WA March 19, 2019 – Jon M. Jones, President and CEO, of Washington Business Bank today announced that it has just become easier to own a piece of a successful community bank that was recently voted “Best Bank” in The Olympian’s Best of South Sound contest for the 5th year in a row. Washington…
Read MoreThis is the first in a three-part series featuring community partnerships. This installment shares a relationship with the South Sound YMCA. by Heidi Smith Original article can be found here http://www.thurstontalk.com/2018/01/04/washington-business-bank-leadership-helps-shape-community/ Moving to a new town can be a challenge, especially when you’re simultaneously taking on the executive directorship of a well-known and much-loved non-profit…
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