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Puget Sound Bank Announces Promotions

2016 February 26 by

February 26, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced recent staff promotions:

Joe Cholewczynski has been promoted to document imaging supervisor. In his new role he will distribute workflow for imaging team members and ensure quality control. He joined Puget Sound Bank in 2015 as a document imaging specialist.

Jenny Guimond has been promoted to customer service officer II. In her new role she will help create and implement training programs for the customer service team in addition to continue to service customers. Ms. Guimond joined Puget Sound Bank in 2013 as a customer service associate and was promoted shortly thereafter to customer service officer I.

“Both these promotions reflect Puget Sound Bank’s ongoing commitment to recognizing individuals who understand the Bank’s above-and-beyond service philosophy – within the organization and to our external customers,” said Elaine Wolfe, Puget Sound Bank senior vice president and Bank services manager.

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 independent analysts.

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

About Puget Sound Bank
Puget Sound Bank, the primary subsidiary of Puget Sound Bancorp, is one of Washington state’s top commercial banks (as measured by commercial and industrial loans as a percentage of total loans). Based in Bellevue, Washington, the bank was founded to meet the specialized needs of small- and medium-sized businesses, select commercial real estate projects, professional service providers and high net worth individuals. Puget Sound Bank offers a full range of competitive financial products including an advanced suite of cash management services. Customers can access their accounts in-branch, online, on mobile devices or through Puget Sound Bank’s ATM network throughout the continental United States. For more information visit www.PugetSoundBank.com or call (425) 455-2400.

To access investor relations information for Puget Sound Bank, visit www.PugetSoundBank.com/IR or call (425) 467-2037.

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Puget Sound Bancorp Reports
Record Year as Net Income Increases 27%

2016 January 20 by

Fourth Quarter ROE reaches 10.04% and ROA hits 0.95%

January 20, 2016 — Puget Sound Bancorp (OTCQB: PUGB), the holding company for Puget Sound Bank, today reported record net income of $4.1 million or $1.22 per share for the year ending December 31, 2015, which compares to $3.2 million or $1.06 per share for the year-earlier period, a 27% increase in net income. For the quarter ending December 31, 2015, net income was $1.1 million or $0.33 per share as compared to $952,426 or $0.31 per share for the year-earlier quarter, a 20% increase in net income.

Read the complete news release.

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Puget Sound Bank Nominated as a Best Company

2015 December 18 by

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.

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Puget Sound Bank Provides

Support to Bellevue LifeSpring

2015 December 16 by

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December 16, 2015 — Continuing with our Thanksgiving and Christmas tradition, Puget Sound Bank employees teamed with Bellevue LifeSpring to provide food and presents to a local family in transition.

LifeSpring’s Adopt-a-Family program matches local families in need with organizations such as Puget Sound Bank. Those interested in helping distribute food and gifts at the Christmas distribution center may contact the organization at info@BellevueLifeSpring.org.

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21st Consecutive 5-Star Rating for Puget Sound Bank

2015 December 11 by

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.

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Puget Sound Bank Announces Staff Promotions

2015 December 3 by

Changes Reflect Growth of Organization

December 2, 2015 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced recent staff promotions:

Danial Meuli has been promoted to cash management lead. She joined Puget Sound Bank in 2013 as a senior cash management specialist.

Anahita Soltani has been promoted to customer service support. She joined the Bank earlier this year as a customer service associate/imaging specialist.

Read the complete news release.

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Puget Sound Bank Forms Holding Company

2015 November 5 by

Bancorp sq

Shareholders Approve Reorganization

November 5, 2015 — Puget Sound Bank (OTCQB: PUGB) announced that it has received shareholder approval to reorganize its operations into a bank holding company. The new holding company, Puget Sound Bancorp, Inc., will continue to trade on OTC Markets with the same trading symbol, PUGB.

Read the complete news release.

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Puget Sound Bank Reports Third Quarter Results

2015 October 22 by

First Million-Dollar Net-Income Quarter

October 22, 2015 — Puget Sound Bank (OTCQB:PUGB) reported net income for the third quarter of 2015 of $1.0 million or $.29 per share, an 18% increase as compared to net income of $849,682 or $.28 per share for the third quarter of 2014.

Net income for the nine months ending September 30, 2015, was $2.9 million or $0.89 per share as compared to $2.3 million or $0.74 per share, a 26% increase from the year-earlier period.

Read the complete news release.

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The Healing Center Hosts Puget Sound Bank

2015 September 21 by

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PSB Staff Lends a Helping Hand
as Part of United Way Day of Caring

September 18, 2015 — Puget Sound Bank staff spent part of the day at The Healing Center of Seattle as part of United Way’s annual Day of Caring. It was a day of hard work — cleaning, washing and organizing at this community center for grief support.

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20th Consecutive 5-Star Rating for Puget Sound Bank

2015 September 9 by

“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.

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