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Bellevue Chamber Announces Entrepreneurial Nominees

2014 March 7 by

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.

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Puget Sound Bank One of Strongest in United States

2013 December 6 by

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.

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Puget Sound Bank Recognized as Top Corporate Citizen

2013 May 6 by

2013 Top Corp Citizen 323

One of Seven Recognized
by Bellevue Chamber

May 6, 2013 — The Bellevue Chamber of Commerce highlighted a select group of businesses at its business awards luncheon for entrepreneurialism and commitment to the local communities.

The “2013 Best of the Eastside Top Corporate Citizens” included seven businesses whose leaders serve on business, civic and nonprofit boards as well as encouraging their employees to engage in their communities.

The Chamber recognized Puget Sound Bank, along with the six other businesses, for delivering top quality products and services while growing and prospering.

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Puget Sound Bank Recognized as One of Washington’s Best Workplaces in 2012

2012 June 19 by

June 19, 2012 – Puget Sound Bank (OTCBB: PUGB), announced today that is was recently recognized by the Puget Sound Business Journal as a finalist for Washington’s Best Workplaces in 2012.

This year, 85 companies have been named finalists in the Puget Sound Business Journal’s Washington’s Best Workplaces competition. They will be featured in a special report of the Business Journal on August 10th and will be celebrated at an awards event at Safeco Field. Winners of the small, medium, large, and extra-large company categories will be announced there.

Acknowledging the recognition, Puget Sound Bank’s president and chief executive officer Jim Mitchell said, “This is a tribute to our tremendous team and customer-oriented employees that work hard every day to create a positive work environment. We are focused on continually recognizing and appreciating the dedicated banking professionals at Puget Sound Bank.”

Read the complete news release.

Puget Sound Bank Rated 5 Stars Again!

2012 June 7 by

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. 

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Puget Sound Bank Celebrates 7th anniversary!

2012 April 11 by

April 11, 2012 — Today marks the 7th anniversary of Puget Sound Bank! We have accomplished a great deal these past 7 years. 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!

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Puget Sound Bank a PSBJ Fastest-Growing Company

2011 September 9 by

September 9, 2011 – 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,” said CEO Jim Mitchell. Join us in celebration at the Journal’s flagship award program on October 12th at the Washington State Convention Center.

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Puget Sound Bank Named One of Eastside’s Fastest-Growing Companies of 2011

2011 July 1 by

July 1, 2011 – 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.

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Puget Sound Bank Continues to be Rated 5 Stars by BauerFinancial

2011 June 8 by

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.

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.

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

2010 December 10 by

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 U.S. 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 include but are 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.

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