Puget Sound Bank

Puget Sound Bank Rated 5 Stars Again!

2012 June 11 by Richard Lester

June 7, 2012 – We’ve done it again! BauerFinancial maintained its highest rating for Puget Sound Bank at 5 Stars (“Superior”). BauerFinancial is an independent organization that has been reporting on and analyzing the performance of US banks since 1983. Institutions do not pay a fee to BauerFinancial for their ratings, nor can they avoid a rating. BauerFinancial’s Star ratings are based on the call report data that all banks are required to file with the FDIC on a quarterly basis.

Puget Sound Bank’s continued strong performance in 2012 reflects the core competitive advantage of the bank: strong capital and liquidity, robust deposit and loan growth, and solid credit quality. See our investor site for more details.

Puget Sound Bank celebrates its 7th anniversary!

2012 April 11 by Richard Lester

Today marks the 7^th anniversary of Puget Sound Bank! We have accomplished a great deal these past 7 years. (Have a look at our latest news.) As we celebrate this milestone, we want to take this time to honor our contributors, clients, and colleagues who believed in our mission and worked tirelessly to support our vision. We know that shared objectives are vital to our success and we appreciate those who helped us deliver on our brand promise of stellar service. Here’s to many more exceptional milestones!

Puget Sound Bank makes the PSBJ’s 100 Fastest-Growing Private Companies list.

2011 September 9 by Richard Lester

Puget Sound Bank makes the Puget Sound Business Journal’s 100 Fastest-Growing Private Companies list.  To make the coveted list, companies achieved year-over-year revenue growth between 2008 and 2010.  Puget Sound Bank is the only bank on the list.  “We are especially proud of our team as we strengthened our core competencies to help anchor our business during these unstable times,” says CEO Jim Mitchell.  Join us in celebration at the Journal’s flagship award program on October 12th at the Washington State Convention Center.

Puget Sound Bank named one of the Eastside Fastest-Growing Companies of 2011

2011 July 1 by Richard Lester

Puget Sound Bank is thrilled to be named one of the Eastside Fastest-Growing Companies of 2011.  Honorees are not only innovative but have also achieved significant revenue growth between 2008 and 2010; no small feat given the challenging economic times.  It is worth noting that Puget Sound Bank is the only bank on this prestigious list.  Please join the Puget Sound Business Journal, as they honor these companies at a public award reception Thursday, July 21, at The Golf Club at Newcastle.

Puget Sound Bank continues to be rated 5 stars (“Superior”) by BauerFinancial Inc

2011 June 8 by Richard Lester

June 8, 2011 – BauerFinancial maintained Puget Sound Bank’s Star rating at 5 Stars (“Superior”), its highest rating. BauerFinancial is an independent organization that has been reporting on and analyzing the performance of US banks since 1983. Institutions do not pay a fee to BauerFinancial for their ratings, nor can they avoid a rating. Please click here to access the BauerFinancial website: www.bauerfinancial.com.

BauerFinancial’s Star ratings are based on the call report data that all banks are required to file with the FDIC on a quarterly basis.

Puget Sound Bank’s continued strong performance in 2011 reflects the many positive trends we have seen this year: strong capital and liquidity, robust local deposit growth and solid credit quality.  “We are pleased that our performance continues to be recognized by an independent third party organization,” said Jim Mitchell, President and CEO.

Puget Sound Bank Rated 5 Stars (“Superior”) By BauerFinancial, Inc.

2010 December 10 by Richard Lester

December 7, 2010 – BauerFinancial has increased Puget Sound Bank’s Star rating from 4 Stars (“Excellent”) to 5 Stars (“Superior”), its highest rating. BauerFinancial is an independent organization that has been reporting on and analyzing the performance of US banks since 1983. Institutions do not pay a fee to BauerFinancial for their ratings, nor can they avoid a rating. Please click here to access the BauerFinancial website: www.bauerfinancial.com.

BauerFinancial’s Star ratings are based on the call report data that all banks are required to file with the FDIC on a quarterly basis. Criteria used to determine a bank’s rating includes but is not limited to: 1) the capital ratio (net worth to total assets), 2) liquidity, 3) profitability, and the level of delinquent loans.

Puget Sound Bank’s performance in 2010 reflects the many positive trends we have seen this year: strong capital and liquidity, robust local deposit growth and solid credit quality. We are pleased that our performance continues to be recognized by an independent third party organization.