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You are here now : Puget Sound Bank > News > Articles by: Brad Ogura

PSB Director Recognized by the University of Puget Sound

2016 August 3 by

Thomas Leavitt Receives 2016 Distinguished Alumni Award

August 3, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Thomas Leavitt, one of its founding directors, was honored by the University of Puget Sound with a 2016 Distinguished Alumni Award.

“From our inception Tom has helped shape the values that have been key to our consistent and ongoing success,” said Jim Mitchell, Puget Sound Bank president and chief executive officer. “As with others in our organization he continually demonstrates the importance of working to build strong and vibrant communities. We’re proud to see Tom recognized for his many years of service to the university.”

Mr. Leavitt has been active with the University of Puget Sound since enrolling in 1968. He was the first student body president to serve as an ex-officio member of the board of trustees, to which he would later serve 25 years. In addition to receiving an undergraduate degree, he then went on to graduate from the University of Puget Sound law school.

As a trustee at the University of Puget Sound, he served on every standing committee, demonstrating what the school described as extraordinary service and leaving an indelible mark. His son Alex graduated from the university in 2010, and in 2014 he and his family established the Leavitt Family Endowed Scholarship to support students who are committed to community service.

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Puget Sound Bancorp Reports Second Quarter Results

2016 July 20 by

July 20, 2016 — Puget Sound Bancorp (OTCQB:PUGB), the holding company for Puget Sound Bank, today reported net income of $1,072,120 or $0.32 per share for the quarter ending June 30, 2016, as compared to $961,775 or $0.28 per share for the year earlier period.

“The board, management and I are pleased to announce this ongoing and consistent growth. As compared to last year, net income is up 11% and our earnings per share increased 14%,” said Jim Mitchell, Puget Sound Bank president and chief executive officer.

Read the complete news release.

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Britni Babington Promoted to Assistant Vice President

2016 July 18 by

July 18, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Britni Babington was promoted to assistant vice president, assistant relationship manager/senior credit analyst.

“We’re pleased to recognize Britni’s performance,” said Betsy Curtin, Puget Sound Bank vice president and manager, assistant relationship manager/credit analyst team. “Since Britni joined the Bank she has continually demonstrated superior underwriting skills and has been instrumental in supporting the Bank’s growth.”

In addition, Puget Sound Bank announced that Jason Hollaway was promoted to assistant relationship manager and two new credit analysts were hired: Meg Rohacek joined as an assistant vice president and assistant relationship manager/senior credit analyst, and Nick Fuller joined the Bank as a credit analyst.

In addition to recent recognition as a Best Company to Work For by Seattle Business Magazine, Puget Sound Bank has also been named a Best Workplace, Fastest Growing Company and Top Corporate Philanthropist by Puget Sound Business Journal and is consistently rated one of the country’s strongest banks by independent analysts.

Common stock for Puget Sound Bancorp trades on the OTCQB® electronic marketplace under the symbol PUGB.

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Puget Sound Bank Announces New Staff

2016 June 29 by

June 29, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced recent staff additions to its customer service and cash management teams:

Niko Evans, customer service associate.
Shanelle Prepotente, customer service officer.
Kiet Le, cash management specialist.
Lucy Miyamoto, cash management specialist.

“The background and experience of these employees reflects Puget Sound Bank’s ongoing commitment to ensure we continue to deliver an exceptional banking experience for our customers,” said Elaine Wolfe, Puget Sound Bank senior vice president and bank services manager.

Puget Sound Bank has been named a best workplace, fastest growing company and top corporate philanthropist by the Puget Sound Business Journal and is consistently rated one of the country’s strongest banks by independent analysts.

Common stock for Puget Sound Bancorp trades on the OTCQB® electronic marketplace under the symbol PUGB.

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Puget Sound Bank Honored as a Best Company to Work For

2016 June 28 by

Best Cos (1)June 28, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), was recently honored by Seattle Business Magazine at its annual Best Companies to Work For event at the Washington State Convention Center. Puget Sound Bank, along with 23 other medium-size company honorees, was chosen based on extensive confidential surveys completed by employees.

Now in its 27th year, the program salutes the Washington companies that set the standard for leadership, benefits, work environment, training programs and more.

Puget Sound Bank has also been named a best workplace, fastest growing company and top corporate philanthropist by the Puget Sound Business Journal and is consistently rated one of the country’s strongest banks by independent analysts.

Common stock for Puget Sound Bancorp trades on the OTCQB® electronic marketplace under the symbol PUGB.

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Simon Bai Joins Puget Sound Bank

2016 June 17 by

Simon Bai Puget Sound Bank 2016June 17, 2016– Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB:PUGB), announced that Simon Bai joined the company as vice president, financial reporting and analysis.

Mr. Bai is responsible for the Bank’s key management reporting processes and analytics, including profitability and product pricing. “Simon brings extensive financial analysis and accounting experience to the Bank,” said Phil Mitterling, Puget Sound Bank executive vice president and chief financial officer, “His background, which includes community banking, will be critical to the Bank’s success as we continue to grow.”

Mr. Bai is a certified public accountant and holds an MBA from the Michael G. Foster School of Business at the University of Washington and an undergraduate degree from the University of California Los Angeles.

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23rd Consecutive 5-Star Rating for PSB

2016 June 15 by

5-star logo June 2016

Highest Rating (“Superior”)

June 15, 2016 – For the 23rd consecutive quarter BauerFinancial, an independent research firm that analyzes and reports on banks and credit unions, has rated Puget Sound Bank “superior” (5 stars). The rating system ranges from zero to five stars. Some of the criteria rated (but not limited to) include: capital level, asset quality, profitability, loan delinquencies, reserves and regulatory compliance.

BauerFinancial has been analyzing and reporting on the nation’s banks since 1983. This 5-start rating indicates that Puget Sound Bank is one of the strongest banks in the nation.

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American Bankers Association Offers 7 Tips to Avoid Online Fraud

2016 May 25 by

May 25, 2016 – Every year, millions of consumers fall victim to cybercrime. According to the FBI’s Internet Crime Complaint Center, in 2014, consumers lost more than $800 million from scams initiated through the web. In recognition of Internet Safety Month in June, the American Bankers Association is highlighting seven tips to help consumers protect themselves from online fraud:

  • Keep your computers and mobile devices up to date. Having the latest security software, web browser, and operating system are the best defenses against viruses, malware, and other online threats. Turn on automatic updates so you receive the newest fixes as they become available.
  • Set strong passwords. A strong password is at least eight characters in length and includes a mix of upper and lowercase letters, numbers, and special characters.
  • Watch out for phishing scams. Phishing scams use fraudulent emails and websites to trick users into disclosing private account or login information. Do not click on links or open any attachments or pop-up screens from sources you are not familiar with.
  • Forward phishing emails to the Federal Trade Commission (FTC) at spam@uce.gov – and to the company, bank, or organization impersonated in the email.
  • Keep personal information personal. Hackers can use social media profiles to figure out your passwords and answer those security questions in the password reset tools. Lock down your privacy settings and avoid posting things like birthdays, addresses, mother’s maiden name, etc. Be wary of requests to connect from people you do not know.
  • Secure your internet connection. Always protect your home wireless network with a password. When connecting to public Wi-Fi networks, be cautious about what information you are sending over it.
  • Shop safely. Before shopping online, make sure the website uses secure technology. When you are at the checkout screen, verify that the web address begins with https. Also, check to see if a tiny locked padlock symbol appears on the page.
  • Read the site’s privacy policies. Though long and complex, privacy policies tell you how the site protects the personal information it collects. If you don’t see or understand a site’s privacy policy, consider doing business elsewhere.

The American Bankers Association is the united voice of America’s hometown bankers¬—small, regional and large banks that together employ more than 2 million people, hold more than $16 trillion in assets, safeguard $12 trillion in deposits and extend more than $8 trillion in loans. For more information visit their website.

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Puget Sound Bank’s Community Outreach Recognized

2016 May 19 by

Brad Ogura Jim Mitchell Jim Tune Kim Carhee

PSB Named a Top Corporate Philanthropist by PSBJ

May 19, 2016 — Puget Sound Bank has been recognized by the Puget Sound Business Journal as one of Washington state’s top corporate philanthropists at a sold-out event hosted by publisher Emory Thomas, Jr., and columnist Patti Payne.

Puget Sound Bank placed 10th in the Journal’s “Corporate Philanthropists – Small” category (revenue of $20 million or less). The Bank moved up from 12th place in 2015. For the past eight years the Puget Sound Business Journal has compiled information for corporate giving in Washington state.

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Kimberly Carhee Joins Puget Sound Bank

2016 May 5 by

Kimberly Carhee Puget Sound BankMay 5, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Kimberly Carhee joined the company as vice president, loan operations manager.

Read the complete release.

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