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Our Favorite Time of the Year

2016 December 16 by

Another Wonderful Season of Giving

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December 15, 2016 — For the fifth year, Puget Sound Bank is participating in Bellevue LifeSpring’s Adopt-A-Family program. Families fill out their wish list, specifying gift and clothing ideas as well as household needs. It’s one of our favorite community activities — employees and departments then divide the wishlist and we set out to do everything possible to make their Christmas the best ever.

 

img_0052And plus, we get to enjoy the presents under our own Christmas tree for a few days before we send the presents to Bellevue LifeSpring for the delivery to this year’s family.

From all of us at Puget Sound Bank, we wish everyone in our community a happy, healthy and joyous holiday season.

 

 

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Arnie Gunderson Joins Puget Sound Bank

2016 December 14 by

Longtime Community Banker Joins as Relationship Manager

Arnie Gunderson rocks

December 14, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Arnie Gunderson joined the company as senior vice president, relationship manager.

Mr. Gunderson brings nearly 30 years of banking and financial services experience to Puget Sound Bank, with most of his career spent in community banking. “We are fortunate to have Arnie join our team of relationship managers,” said Katherine Thompson, Puget Sound Bank senior vice president and team leader. “His depth and variety of experience will complement and extend the existing expertise we offer our clients, which is especially important as the Bank continues to grow.”

A Northwest native, Mr. Gunderson is a graduate of the Pacific Coast Banking School at the University of Washington Graduate School of Business (Seattle, Wash.) and Western Washington University (Bellingham, Wash.). He holds a certificate of oboe performance from the Franz Liszt Academy of Music (Budapest, Hungary) and performs regularly with the Cascade Symphony Orchestra, where he also serves as president of the board.

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BauerFinancial Rates Puget Sound Bank Superior (5 Stars)

2016 December 8 by

Highest Rating (“Superior”)

december-2016-reverseDecember 8, 2016 – For the 25th consecutive quarter BauerFinancial, an independent research firm that analyzes and reports on banks and credit unions, has rated Puget Sound Bank “superior” (5 stars).

BauerFinancial has been analyzing and reporting on the nation’s banks since 1983. This 5-start rating indicates that Puget Sound Bank is one of the strongest banks in the nation.

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Puget Sound Bancorp Announces Third Quarter Earnings

2016 October 27 by

Puget Sound Bancorp Hits Milestone of $500 Million in Assets

Loan Growth of 10%, Asset Growth of 15%, Deposit Growth of 17%

October 27, 2016 — Puget Sound Bancorp (OTCQB: PUGB), the holding company for Puget Sound Bank, today reported net income of $724,712 or $0.21 per share for the quarter ending September 30, 2016, as compared to $1.0 million or $0.29 per share for the year-earlier period. The current quarter included a $700,000 charge-off from one loan to a single borrower, resulting in an increased loan provision expense of the same amount. Without this increased provision for loan losses, net income would have been $1.2 million or $0.35 per share.

Read the complete news release.

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Hunger Stops Here

2016 September 30 by

dsc02902September 30, 2016 – At the closing event for the 2016 Bankers Care event at Westlake Center in Seattle, Puget Sound Bank presented $6,700 to Northwest Harvest to help feed hundreds of hungry families in the area.

Puget Sound Bank has been pleased to participate in this event since its inception in 2013. For an overview of the program, our friends at Northwest Weekly interviewed Jim Mitchell, Puget Sound Bank president and chief executive officer.

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Puget Sound Bank Promotes Shanelle Prepotente

2016 September 23 by

September 23, 2016 – Puget Sound Bank announced that Shanelle Prepotente has been promoted to customer service officer II. “Since joining the Bank in April 2016 Shanelle has continually demonstrated her commitment to Puget Sound Bank’s brand of service excellence,” said LoAnn Phung, Puget Sound Bank vice president, customer service manager. “and her team focus helps ensure a seamless and exceptional customer experience.”

In addition to being named a Seattle Business Magazine Best Workplace, 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 BauerFinancial, an independent industry analyst.

Common stock for Puget Sound Bancorp trades on the OTCQB® electronic marketplace under the symbol PUGB.

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24th Consecutive 5-Star Rating from BauerFinancial

2016 September 9 by

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Highest Rating (“Superior”)

September 9, 2016 – For the 24th 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.

BauerFinancial has been analyzing and reporting on the nation’s banks since 1983. This 5-start rating indicates that Puget Sound Bank is one of the strongest banks in the nation.

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Puget Sound Bank Partners with Bankers Care

2016 September 8 by

bankers-careSeptember 8, 2016 – Once again, Puget Sound Bank will participate in the Bankers Care Food Drive campaign, a program launched by the Washington Bankers Association and Northwest Harvest in 2013 to help raise awareness about the issue of hunger in Washington.

As children prepare to go back to school, it is more important than ever to make sure they get the food they need to grow and learn. Research shows that hungry children don’t learn as well in the classroom. Thanks to Northwest Harvest’s statewide network of food banks and affiliates, donations to this year’s campaign will help those in the local communities
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The 2016 Bankers Care Food Drive Campaign will run September 12-30 across Washington state. This year, individuals can get involved by donating to the campaign online or at a local participating bank branch throughout the state. Or, visit the Bankers Care booth at the Washington State Fair on Friday, September 2 from 10 a.m. to noon. Bring a food donation and receive free entry to the fair.

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Puget Sound Bank Promotes Niko Evans

2016 August 31 by

August 31, 2016 – Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Niko Evans, a member of the Bank’s customer service team, has been promoted to the position of customer service support.

“Niko has truly embraced every opportunity for growth and development with the Bank,” said Teresa Lundman, Puget Sound Bank assistant vice president, customer service supervisor. “Her dedication and commitment has contributed greatly to maintaining our customer service excellence.”

In addition to recent recognition as a Best Company to Work For by Seattle Business Magazine, Puget Sound Bank has also been named a Best Workplace, Fastest Growing Company and Top Corporate Philanthropist by Puget Sound Business Journal and is consistently rated one of the country’s strongest banks by BauerFinancial, an independent research firm that analyzes and reports on banks and credit unions.

Common stock for Puget Sound Bancorp trades on the OTCQB® electronic marketplace under the symbol PUGB

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PSB Director Recognized by the University of Puget Sound

2016 August 3 by

Thomas Leavitt Receives 2016 Distinguished Alumni Award

August 3, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Thomas Leavitt, one of its founding directors, was honored by the University of Puget Sound with a 2016 Distinguished Alumni Award.

“From our inception Tom has helped shape the values that have been key to our consistent and ongoing success,” said Jim Mitchell, Puget Sound Bank president and chief executive officer. “As with others in our organization he continually demonstrates the importance of working to build strong and vibrant communities. We’re proud to see Tom recognized for his many years of service to the university.”

Mr. Leavitt has been active with the University of Puget Sound since enrolling in 1968. He was the first student body president to serve as an ex-officio member of the board of trustees, to which he would later serve 25 years. In addition to receiving an undergraduate degree, he then went on to graduate from the University of Puget Sound law school.

As a trustee at the University of Puget Sound, he served on every standing committee, demonstrating what the school described as extraordinary service and leaving an indelible mark. His son Alex graduated from the university in 2010, and in 2014 he and his family established the Leavitt Family Endowed Scholarship to support students who are committed to community service.

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