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

Puget Sound Bank Promotes Dean T. Peterson

2016 April 22 by

April 22, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB:PUGB), announced the promotion of Dean T. Peterson to vice president, relationship manager.

Read the complete release.

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Puget Sound Bancorp Reports First Quarter Results

2016 April 20 by

Third Consecutive Million-Dollar Net-Income Quarter

April 20, 2016 — Puget Sound Bancorp (OTCQB:PUGB), the holding company for Puget Sound Bank, today reported net income of $1,016,034 or $0.30 per share for the quarter ending March 31, 2016, as compared to $979,470 or $0.31 per share for the year earlier period.

Read the complete news release.

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Puget Sound Bank Named a Top Corporate Philanthropist

2016 April 14 by

One of Washington State’s Top 75

Corporate Citizenship bestApril 13, 2016 — Once again, the Puget Sound Business Journal will honor Puget Sound Bank as one of Washington state’s top corporate philanthropists.

The annual event recognizes cash giving to Washington state nonprofits, and announces the ranking at their annual lunch event (this year, May 19 at the Seattle Sheraton).

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12 Tips to Secure Your Mobile Devices

2016 April 13 by

American Bankers Association Shares Mobile Device Safety Information

April 13, 2016 — As consumer use of mobile devices continues to climb, cyber criminals are targeting those gadgets more frequently. The American Bankers Association has highlighted 12 things consumers can do to protect the data on their mobile device.

“Banks use sophisticated safeguards to protect customer information, and it’s important for consumers to take certain safety measures too,” said Doug Johnson, ABA’s senior vice president of payments and cybersecurity policy. “Remember that your smart phone or tablet is like a little computer, and any device used to connect to the Internet needs to be protected.”

ABA suggests following these 12 steps to protect your mobile device:
Use the passcode lock on your smartphone and other devices. This will make it more difficult for thieves to access your information if your device is lost or stolen.

Log out completely when you finish a mobile banking session.

Protect your phone from viruses and malicious software, or malware, just like you do for your computer by installing mobile security software.

Use caution when downloading apps. Apps can contain malicious software, worms, and viruses. Beware of apps that ask for unnecessary “permissions.”

Download the updates for your phone and mobile apps.

Avoid storing sensitive information like passwords or a social security number on your mobile device.

Tell your financial institution immediately if you change your phone number or lose your mobile device.

Be aware of shoulder surfers. The most basic form of information theft is observation. Be aware of your surroundings especially when you’re punching in sensitive information.

Wipe your mobile device before you donate, sell or trade it using specialized software or using the manufacturer’s recommended technique. Some software allows you to wipe your device remotely if it is lost or stolen.

Beware of mobile phishing. Avoid opening links and attachments in emails and texts, especially from senders you don’t know. And be wary of ads (not from your security provider) claiming that your device is infected.

Watch out for public Wi-Fi. Public connections aren’t very secure, so don’t perform banking transactions on a public network. If you need to access your account, try disabling the Wi-Fi and switching to your mobile network.

Report any suspected fraud to your bank immediately.

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Sam F. Adrian Joins Puget Sound Bank

2016 April 11 by

April 11, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Sam F. Adrian joined the company as vice president, relationship manager.

Mr. Adrian works with business owners in the greater Puget Sound market helping them to grow, prosper and effectively manage their organizations. “Hiring Sam supports the Bank’s commitment in building strong partnerships with our clients,” said Katherine Thompson, Puget Sound Bank senior vice president and team leader. “He brings a broad range of community banking experience, especially with small- to medium-size businesses, and will be instrumental in supporting our growth.”

Mr. Adrian currently serves as the treasurer for the board of directors of Firland Foundation, a nonprofit based in Shoreline, Washington that provides employment opportunities for individuals with disabilities. He is a graduate of the University of Iowa.

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Puget Sound Bank Marks 11th Anniversary

2016 April 11 by

April 11, 2016 — Today marks the 11th anniversary of Puget Sound Bank, and each year the Bank pauses to reflect on 11 years of resounding success made possible by our customers, business and community partners, employees and shareholders.

Today, Puget Sound Bank is one of the strongest and most successful business banks in the country. We’ve enjoyed working with our customers, helping them grow and succeed through the years, and we’re pleased to partner with our service providers who have helped us grow and succeed as well.

We are proud to support a variety of community organizations, ranging from basic needs, education and civic support. Puget Sound Business Journal has named Puget Sound Bank one of Washington state’s top corporate philanthropists — and as well, we have been named a Puget Sound Business Journal Best Workplace.

On this special day, we reach out to thank everyone and every organization who has made our success possible.

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Puget Sound Bank Nominated as a Best Workplace

2016 March 31 by

2016 PSBJ logoMarch 31, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced it has been nominated as a Puget Sound Business Journal Best Workplace.

Each year hundreds of companies and nonprofit organizations of all sizes compete for the top honors. Last year Puget Sound Bank was a finalist and participated in Puget Sound Business Journal’s August event honoring the regions’s top 80 organizations.

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Puget Sound Bank a Bellevue LifeSpring HERO FOR HOPE

2016 March 25 by

Event raises $365,000 to support children and families in need

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March 25, 2016 – Bellevue LifeSpring’s 17th annual “Step up to the Plate “ lunch, held at Bellevue’s Meydenbauer Center Thursday, hit it out of the park, raising almost $365,000 in one hour.

Puget Sound Bank president and chief executive officer Jim Mitchell, shown at far left, also serves as Bellevue LifeSpring’s president and chair. With him are Bellevue LifeSpring executive director Jennifer Fischer and Bellevue School District superindendent Dr. Tim Mills (at right). Photo by Patti Payne.

For the full story, read Patti Payne’s report as published by the Puget Sound Business Journal on March 25, 2016.

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22nd Consecutive 5-Star Rating for Puget Sound Bank

2016 March 9 by

5-star logo JAN 2016

Highest Rating (“Superior”)

March 9, 2016 – For the 22nd 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.

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Puget Sound Bank Announces Promotions

2016 February 26 by

February 26, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced recent staff promotions:

Joe Cholewczynski has been promoted to document imaging supervisor. In his new role he will distribute workflow for imaging team members and ensure quality control. He joined Puget Sound Bank in 2015 as a document imaging specialist.

Jenny Guimond has been promoted to customer service officer II. In her new role she will help create and implement training programs for the customer service team in addition to continue to service customers. Ms. Guimond joined Puget Sound Bank in 2013 as a customer service associate and was promoted shortly thereafter to customer service officer I.

“Both these promotions reflect Puget Sound Bank’s ongoing commitment to recognizing individuals who understand the Bank’s above-and-beyond service philosophy – within the organization and to our external 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.

About Puget Sound Bank
Puget Sound Bank, the primary subsidiary of Puget Sound Bancorp, is one of Washington state’s top commercial banks (as measured by commercial and industrial loans as a percentage of total loans). Based in Bellevue, Washington, the bank was founded to meet the specialized needs of small- and medium-sized businesses, select commercial real estate projects, professional service providers and high net worth individuals. Puget Sound Bank offers a full range of competitive financial products including an advanced suite of cash management services. Customers can access their accounts in-branch, online, on mobile devices or through Puget Sound Bank’s ATM network throughout the continental United States. For more information visit www.PugetSoundBank.com or call (425) 455-2400.

To access investor relations information for Puget Sound Bank, visit www.PugetSoundBank.com/IR or call (425) 467-2037.

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