Puget Sound Bank

Puget Sound Bank hires Nicole Gomez

2012 May 4 by Richard Lester

Puget Sound Bank is pleased to announce the addition of a new Operations Specialist; Nicole Gomez.  Nicole is a University of Washington graduate and has years of back office experience at various other organizations.  In her free time, Nicole likes to camp and kayak with her family.

“Employing dedicated professionals like Nicole enable us to continue to provide stellar service to our clients,” says CEO, Jim Mitchell.

Jennifer Blevins promoted to Vice President

2012 April 27 by Richard Lester

Puget Sound Bank is pleased to announce the promotion of Jennifer Blevins, Cash Management Manager to Vice President. Jennifer joined the bank two years ago as a Cash Management Specialist and has held the position of Cash Management Manager for the past year demonstrating her commitment to exemplary customer service. Jennifer is an Accredited ACH Professional (AAP) and maintains high standards for quality and performance for her team. Customers and colleagues simply love working with her!

We congratulate Jennifer on her promotion and thank her for her energy and dedication to the Bank’s core values.

Puget Sound Bank hires Craig Olson.

2012 April 20 by Richard Lester

Puget Sound Bank welcomes Craig Olson as Senior Vice President/Relationship Manager. Craig has more than 30 years of banking experience working with business and private clients. He began his career with Seafirst Bank; subsequently holding a variety of key positions with area banks prior to joining Puget Sound Bank. A Seattle area native, Craig earned a B.A. in Business Administration from the University of Washington. He has also completed professional studies in corporate finance, credit structuring and administration, and investment management and trust. Craig is a past Chairman and current member of the Board of the Boys & Girls Clubs of Bellevue. He has also held vital volunteer positions with the Bellevue Youth Basketball Association, Husky Tyee Club Board of Advisors, UW Intercollegiate Athletics, as well as Seattle Preparatory School and Sacred Heart School. Craig lives in Clyde Hill with his wife and they have three sons.

“Craig’s remarkable experience as a commercial/private banker and consistent leadership to community service providers and youth athletics is a perfect fit with Puget Sound Bank’s mission,” said Sean Brennan, Executive Vice President and Chief Lending Officer.

Puget Sound Bank First Quarter Profits Increase 13%

2012 April 19 by Richard Lester

BELLEVUE, WA —April 18, 2012 — Puget Sound Bank (OTCBB: PUGB.OB), reported that strong revenue growth and year-over-year loan growth contributed to net income of $517,065, or $.21 per share for first quarter 2012 compared to $456,124, or $.17 per share for first quarter 2011.

“Puget Sound Bank’s strong first quarter results are attributable to our continued focus on building strong relationships with small businesses and their owners,” said Jim Mitchell, President and Chief Executive Officer. “Our focus on growing relationships lead to an increase in revenues of 14% from a year ago, compared to growth of just 2% in expenses. These strong results are due to the extraordinary effort of the Puget Sound Bank team. ”

See here for the full release.

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 hires Senior Credit Analyst Noelia Martinez

2012 April 9 by Richard Lester

Puget Sound Bank is pleased to announce the addition of a Senior Commercial Credit Analyst; Noelia Martinez.  Noelia earned a BBA and an MBA from the University of Puerto Rico and brings exceptional underwriting skills which align with the Bank’s values.  Noelia is known for her high quality work, her application of best practices, and her ability to develop appropriate solutions. Noelia is an avid runner and uses that talent to raise money for the The Leukemia & Lymphoma Society and the Northwest chapter of the Juvenile Diabetes Research Foundation.

“Excellent credit professionals are the heart and soul of our stellar service culture,” says Team Lead, Katherine Thompson.

Puget Sound Bank is grateful to serve our local non-profits.

2011 December 30 by Richard Lester

At Puget Sound Bank, we genuinely care about the communities in which we live.  As the year comes to a close, we want to take this time to honor some of the great causes Puget Sound Bank employees supported in 2011.  From “going to jail” for the Muscular Dystrophy Association, to serving on the board of the Boys & Girls Club of Bellevue, to working all year on the 36th Annual Hutch Holiday Gala, to travelling on a business exchange trip to India for the Bellevue Rotary Club, to packing food for Northwest Harvest; employees selflessly and repeatedly offered their time, talent, and money to serve others. For Puget Sound Bank, it’s simply the right thing to do.  Here’s a small, and certainly not inclusive, list of some other non-profits we supported this year:  Art with Heart, KITH, the American Cancer Society, UW Medical Center’s Team Transplant, Seattle’s Union Gospel Mission, and Friends of Youth.

We invite you to reach out to your favorite non-profit this year!  Thank you and Happy New Year from the team at Puget Sound Bank.

Puget Sound Bank hires Sam Niskanen

2011 December 21 by Richard Lester

Puget Sound Bank is pleased to announce the addition of a business banking Credit Analyst; Sam Niskanen.  Sam is Pacific Northwest native and graduated from WWU with a degree in Economics.  He brings a dedicated credit mindset and good underwriting skills which align with the Bank’s values.  Sam enjoys many outdoor activities and helps revitalize neighborhoods by volunteering his craftsmanship skills for local Habitat for Humanity projects.

“Talented young professionals like Sam enable Puget Sound Bank to provide exceptional service to our clients and ensure the Bank’s credit quality and high level performance,” says Team Lead, Katherine Thompson.

Puget Sound Bank supports the Muscular Dystrophy Association

2011 November 2 by Richard Lester

The Muscular Dystrophy Association (MDA) accuses both Tim Baer and Elaine Wolfe of Puget Sound Bank of having a big heart and a generous soul!   Several of the bank’s colleagues were “Partners in Crime” and facilitated Baer and Wolfe being sent to the MDA Lock-Up in Bellevue.  They were released after Baer and Wolfe enthusiastically raised over $1,000 for the cause.     Elaine MDA     Tim MDA

Puget Sound Bank Made Strides Against Breast Cancer

2011 October 14 by Richard Lester

10/9/11 In support of National Breast Cancer Month, Puget Sound Bank joined 2,000 walkers in the King County Making Strides Against Breast Cancer walk.  The Bank had 27 enthusiastic participants who prevailed against wind and rain and a few steep hills to honor the survivors and support the cause.  Through various office fundraisers, including the beloved “Jeans day,” the Bank raised $2,665 for the American Cancer Society.

“We wholeheartedly believe in the effectiveness of early detection and want to do what we can to empower women to reduce their risks of breast cancer,” said Jim Mitchell, CEO and President of Puget Sound Bank.