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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…

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…

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…

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…

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…

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%  …

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…

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 members include banks, credit unions…

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 remains well-capitalized at 14.77% Tier…

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 well-capitalized at 14.85% Tier 1…