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Awards

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Puget Sound Bank Nominated as a Best Company

Seattle Business Magazine Best Companies 2

Winners to be Announced in June 2016

December 18, 2015 — Puget Sound Bank recently announced that it has been nominated as one of Seattle Business magazine’s 100 Best Companies to Work for. Now in its 27th year, the program recognizes Washington state companies that set the standard for leadership, benefits, work environment, training programs and more. Companies on the 100 Best List are chosen based on responses from employee surveys.

21st Consecutive 5-Star Rating for Puget Sound Bank

5-star logo DEC 2015

“Superior” Rating for Strength

December 11, 2015 – For the 21st 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.

20th Consecutive 5-Star Rating for Puget Sound Bank

“Superior” Rating for Strength

September 9, 2015 – For the 20th 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.

Since 1983 BauerFinancial has been compiling information that federal regulators require financial institutions to file every quarter. The information is subjected to a thorough analysis and is compared with historical data for consistency.

No institution pays for its rating, nor can banks or credit unions avoid a rating. For more information about BauerFinancial visit their website.

Puget Sound Bank Rated One of Healthiest in Nation

healthiest-banks

Independent Rating Firm Gives Puget Sound Bank an Overall A+

July 21, 2015 — Puget Sound Bank (OTCQB: PUGB) announced that for the second consecutive year it has been named one of the nation’s healthiest banks by DepositAccounts.com, an online publication that assesses the health of banks on various criteria, including capitalization, deposit growth and loan-to-reserve ratios. Read the complete news release.

Puget Sound Bank Named a Best Workplace

best workplaces 2015

2015 Finalists Announced
by Puget Sound Business Journal

June 23, 2015 — Puget Sound Bank (OTCQB: PUGB) today announced that it has been named a finalist in Puget Sound Business Journal’s annual Best Workplaces competition.

“As we celebrate our 10-year anniversary, we are pleased to once again be named a Best Workplace finalist,” said Jim Mitchell, Puget Sound Bank president and chief executive officer. “The board, management and I are thrilled that Puget Sound Bank employees consider the Bank one of the region’s best workplaces.” Read the complete news release.

19th Consecutive 5-Star Rating for Puget Sound Bank

“Superior” Rating for Strength

5-star logo June 2015June 10, 2015 – For the 19th 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.

Since 1983 BauerFinancial has been compiling information that federal regulators require financial institutions to file every quarter. The information is subjected to a thorough analysis and is compared with historical data for consistency.

No institution pays for its rating, nor can banks or credit unions avoid a rating. For more information about BauerFinancial visit their website.

Puget Sound Bank Recognized

as a Top Corporate Philanthropist

PSBJ Corp Philanthropist cert 2015 for WordPress

Second Consecutive Year
for Bank to Receive Statewide Award

May 27, 2015 — Puget Sound Bank (OTCQB: PUGB) announced that the Puget Sound Business Journal named the Bank as one of Washington state’s top 75 corporate philanthropists for the second consecutive year. Puget Sound Bank was ranked twelfth in the small company category (revenues below $20 million) for both 2014 and 2015. Read the complete news release

Puget Sound Bank One of Region’s

Top 75 Corporate Philanthropists

Puget Sound Business Journal to Recognize Companies May 21

PSBJ Corporate Citizenship 2

April 13, 2015 – Puget Sound Business Journal recently announced that Puget Sound Bank is one of Washington’s top 75 corporate phhilanthropists for the Bank’s support of the local nonprofit community. The Business Journal will host an awards luncheon at the Seattle Sheraton Hotel on May 21, 2015 to announce the top three corporations in the categories of small, medium and large companies, and the rankings in each category.

Each year the Puget Sound Business Journal reaches out to local companies to survey their support of local nonprofits. This year’s event, the Corporate Citizenship and Healthy Community Champion Awards Luncheon, honors the list makers as well as philanthropists and companies who have made significant contributions in the arts, education, global giving, health care, economic opportunity, neighborhoods and the environment. For more information visit the Puget Sound Business Journal registration page.

Puget Sound Bank Receives Another “Superior” Rating

18th Consecutive Quarter for 5-Star Award

5-star logo MARCH 2015March 16, 2015 – BauerFinancial, an independent research firm that analyzes and reports on banks and credit unions, has rated Puget Sound Bank “superior” (5 stars) for the 18th consecutive quarter. For a bank to bear the five-star (superior) emblem, it must have received an excellent or superior rating for 11 consecutive quarters. Some of the criteria rated (but not limited to) include: capital level, asset quality, profitability, loan delinquencies, reserves and regulatory compliance.

Since 1983 BauerFinancial has been compiling information that federal regulators require financial institutions to file every quarter. The information is subjected to a thorough analysis and is compared with historical data for consistency. Upon completion of the analysis, a star rating is assigned based on a scale of zero to five starts, with five stars the highest.

No institution pays for its rating, nor can banks or credit unions avoid a rating. For more information about BauerFinancial visit their website.

Puget Sound Bank Ranked 5th in State

“Washington’s Banks Looking Pretty Good” says Industry Analyst

March 11, 2015 – In a recent Puget Sound Business Journal article by local digital managing editor Emily Parkhurst, Puget Sound Bank is highlighted as Washington state’s fifth-best as ranked several ratios, including earnings, asset quality, capitalization, growth and other factors.

The list was compiled by St. Louis-based industry analyst Kirk Briden, a banking industry veteran who goes beyond traditional measure criteria to measure performance. As Parkhurst points out in her article, the strength of a bank is important for businesses looking for a loan because banks that are not performing well can have issues with regulators, which can make it more difficult to work with them.

She quotes Briden as saying “When you start running into trouble, regulators often define a very narrow box to confine (the bank) to.” Read her full article to see Briden’s top 25 banks in Washington state.