2016 July 20 by Brad Ogura
July 20, 2016 — Puget Sound Bancorp (OTCQB:PUGB), the holding company for Puget Sound Bank, today reported net income of $1,072,120 or $0.32 per share for the quarter ending June 30, 2016, as compared to $961,775 or $0.28 per share for the year earlier period.
“The board, management and I are pleased to announce this ongoing and consistent growth. As compared to last year, net income is up 11% and our earnings per share increased 14%,” said Jim Mitchell, Puget Sound Bank president and chief executive officer.
2016 July 18 by Brad Ogura
July 18, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Britni Babington was promoted to assistant vice president, assistant relationship manager/senior credit analyst.
“We’re pleased to recognize Britni’s performance,” said Betsy Curtin, Puget Sound Bank vice president and manager, assistant relationship manager/credit analyst team. “Since Britni joined the Bank she has continually demonstrated superior underwriting skills and has been instrumental in supporting the Bank’s growth.”
In addition, Puget Sound Bank announced that Jason Hollaway was promoted to assistant relationship manager and two new credit analysts were hired: Meg Rohacek joined as an assistant vice president and assistant relationship manager/senior credit analyst, and Nick Fuller joined the Bank as a credit analyst.
2016 June 29 by Brad Ogura
June 29, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced recent staff additions to its customer service and cash management teams:
Niko Evans, customer service associate.
Shanelle Prepotente, customer service officer.
Kiet Le, cash management specialist.
Lucy Miyamoto, cash management specialist.
“The background and experience of these employees reflects Puget Sound Bank’s ongoing commitment to ensure we continue to deliver an exceptional banking experience for our customers,” said Elaine Wolfe, Puget Sound Bank senior vice president and bank services manager.
2016 June 28 by Brad Ogura
June 28, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), was recently honored by Seattle Business Magazine at its annual Best Companies to Work For event at the Washington State Convention Center. Puget Sound Bank, along with 23 other medium-size company honorees, was chosen based on extensive confidential surveys completed by employees.
Now in its 27th year, the program salutes the Washington companies that set the standard for leadership, benefits, work environment, training programs and more.
Puget Sound Bank has also 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.
2016 June 17 by Brad Ogura
June 17, 2016– Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB:PUGB), announced that Simon Bai joined the company as vice president, financial reporting and analysis.
Mr. Bai is responsible for the Bank’s key management reporting processes and analytics, including profitability and product pricing. “Simon brings extensive financial analysis and accounting experience to the Bank,” said Phil Mitterling, Puget Sound Bank executive vice president and chief financial officer, “His background, which includes community banking, will be critical to the Bank’s success as we continue to grow.”
Mr. Bai is a certified public accountant and holds an MBA from the Michael G. Foster School of Business at the University of Washington and an undergraduate degree from the University of California Los Angeles.
2016 June 15 by Brad Ogura
Highest Rating (“Superior”)
June 15, 2016 – For the 23rd 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.
2016 May 19 by Brad Ogura
PSB Named a Top Corporate Philanthropist by PSBJ
May 19, 2016 — Puget Sound Bank has been recognized by the Puget Sound Business Journal as one of Washington state’s top corporate philanthropists at a sold-out event hosted by publisher Emory Thomas, Jr., and columnist Patti Payne.
Puget Sound Bank placed 10th in the Journal’s “Corporate Philanthropists – Small” category (revenue of $20 million or less). The Bank moved up from 12th place in 2015. For the past eight years the Puget Sound Business Journal has compiled information for corporate giving in Washington state.
2016 May 5 by Brad Ogura
May 5, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Kimberly Carhee joined the company as vice president, loan operations manager.
Ms. Carhee replaces Bruce Nalder, who will retire on May 13, 2016 after 11 years managing the team of loan service representatives at Puget Sound Bank. Mr. Nalder was one of the first employees of Puget Sound Bank and helped establish the culture and policies that have built the Bank into one of the strongest and most successful in the United States.
2016 April 22 by Brad Ogura
April 22, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB:PUGB), announced the promotion of Dean T. Peterson to vice president, relationship manager.
2016 April 20 by Brad Ogura
Third Consecutive Million-Dollar Net-Income Quarter
April 20, 2016 — Puget Sound Bancorp (OTCQB:PUGB), the holding company for Puget Sound Bank, today reported net income of $1,016,034 or $0.30 per share for the quarter ending March 31, 2016, as compared to $979,470 or $0.31 per share for the year earlier period.