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Awards

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16th Consecutive Quarter for Superior Financial Soundness

September 9, 2014 – Puget Sound Bank has received the five-star rating from BauerFinancial for the 16th consecutive quarter. This “superior” rating is only available to banks that have received an excellent or superior rating for a minimum of 11 consecutive quarters.

BauerFinancial is a nationally recognized, independent bank rating and research firm. Only 10 percent of the nation’s approximate 7,000 banks have earned this 5-Star Superior Quality Rating. This rating indicates they have done their research to determine the overall financial picture of the Bank. Areas reviewed include but are not limited to capital ratio, profitability/loss trend, evaluating the level of delinquent loans, charge-offs and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA), historical data and liquidity.

Puget Sound Bank a Local Hunger Hero

Northwest Harvest Presents Hunger Hero Award to PSB

Hunger Hero June 18, 2014 — To recognize Puget Sound Bank’s outreach to those in need, Northwest Harvest presented its LOCAL HUNGER HERO AWARD to the Bank.

As part of the Washington Bankers Association’s Bankers Care initiative this spring, Puget Sound Bank employees contributed cash to Northwest Harvest, which was matched by the Bank, to help eliminate hunger here in the Northwest.

BauerFinancial Awards 5-Stars to Puget Sound Bank

15th Consecutive Quarter for Solid Financial Performance

5-star logo JUNE 2014 208June 12, 2014 — Puget Sound Bank has received the coveted 5-Star rating from BauerFinancial for the 15th consecutive quarter.

BauerFinancial is a nationally recognized, independent bank rating and research firm. Only 10 percent of the nation’s approximate 7,000 banks have earned this 5-Star Superior Quality Rating. This rating indicates they have done their research to determine the overall financial picture of the Bank. Areas reviewed include but are not limited to capital ratio, profitability/loss trend, evaluating the level of delinquent loans, charge-offs and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA), historical data and liquidity.

Puget Sound Bank Honored for Philanthropic Outreach

PSB Ranks 13th Statewide in its Category

May 22, 2014 – Puget Sound Bank was honored by the Puget Sound Business Journal as one of the top 75 corporate philanthropists in Washington state at the annual Corporate Citizenship Awards luncheon held in Seattle.

Companies were categorized by size (small, medium and large), with three in each category. Puget Sound Bank ranked 13th for companies with revenue under $20 million. The sold-out event celebrated the companies and those who serve on nonprofit boards, volunteer, and leverage resources to give back to their communities.

Since its inception, Puget Sound Bank has encouraged employees to support the communities where we work and live. In addition, the Bank – as evidenced by the acknowledgement of the Puget Sound Business Journal, gives generously to support the endeavors of local nonprofits. Led by president and chief executive officer Jim Mitchell, supported by the board of directors and executive management, all employees are encouraged to give their time, resources and talent to organizations that help mentor youth, educate a new work force and assist those in need.

Puget Sound Bank Celebrates 9th Anniversary

April 11, 2014 — Nine years ago Puget Sound Bank formally opened its doors to begin business as a “community business bank” and today the company celebrated nine successful years of serving the business-banking needs of local small- and medium-size businesses.

We celebrate local, the communities where we live and work, our customers and employees, and look forward to the next nine years.

Puget Sound Bank Recognized for Philanthropic Outreach

One of Top 75 in Washington State

April 10, 2014 – Puget Sound Bank is pleased to announce that we have been selected by the Puget Sound Business Journal as one of Washington state’s top 75 corporate philanthropists for our support of the nonprofit community.

Puget Sound Bank will be recognized on May 22, 2014 at the Puget Sound Business Journal’s annual Corporate Citizenship Awards luncheon event, where the publication will announce the top three companies in the categories of small, medium and large companies.

In partnership with The Seattle Foundation, the Puget Sound Business Journal will also present the Healthy Community Corporate Champion Awards to companies that have made significant, positive impacts on the community through volunteer work, in-kind donations, and cash contributions, and have embraced corporate philanthropy as part of their company culture.

Puget Sound Bank is honored to be recognized by the Puget Sound Business Journal for our support of the communities where we live and work.

Jim Mitchell Featured in WBA Magazine

Washington Bankers Association Meets with Jim Mitchell

March April 2014 cover logo smallApril 8, 2014 — Jim Mitchell, Puget Sound Bank president and CEO, was recently featuured in Issues & Answers, the publication of the Washington Bankers Association.

Titled “In Step with Jim Mitchell — Patience and Focus Guides Success” the executive-profile highlighted Jim’s answers when asked to share his lessons learned and strategies for success.

Click on the magazine icon to read the interview in its entirety.

BauerFinancial Gives Highest Rating to PSB

5-Star Rating Given for 14th Consecutive Quarter

March 10, 2014 — For the 14th consecutive quarter, Puget Sound Bank has been awarded a 5-star rating by BauerFinancial. This independent rating agency has awarded Puget Sound Bank its highest level of recognition for our strong capital base and liquidity, robust deposit and loan growth, and solid credit quality.

Bellevue Chamber Announces Entrepreneurial Nominees

Puget Sound Bank Named to Chamber’s List

March 7, 2014 – Puget Sound Bank has been included in the Bellevue Chamber of Commerce’s 25th Annual Eastside Business Awards list of nominees. Nominees, who are recognized for innovation, creativity, talent and leadership, will be honored March 20, 2014 at the Golf Club at Newcastle.

The winners for Eastside Business of the Year, Eastside Small Business of the Year, and Most Innovative Product or Service of the Year will be announced at the dinner event.

Puget Sound Bank is the only bank included in the list of nominees.

Read the Chamber’s news release.

Puget Sound Bank One of Strongest in United States

December 6, 2013 — For the 13th consecutive quarter, Puget Sound Bank has been awarded a 5-star rating by BauerFinancial. This independent rating agency has awarded Puget Sound Bank its highest level of recognition for our strong capital base and liquidity, robust deposit and loan growth, and solid credit quality.