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.
2016 April 14 by Brad Ogura
One of Washington State’s Top 75
April 13, 2016 — Once again, the Puget Sound Business Journal will honor Puget Sound Bank as one of Washington state’s top corporate philanthropists.
The annual event recognizes cash giving to Washington state nonprofits, and announces the ranking at their annual lunch event (this year, May 19 at the Seattle Sheraton).
2016 April 11 by Brad Ogura
April 11, 2016 — Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Sam F. Adrian joined the company as vice president, relationship manager.
Mr. Adrian works with business owners in the greater Puget Sound market helping them to grow, prosper and effectively manage their organizations. “Hiring Sam supports the Bank’s commitment in building strong partnerships with our clients,” said Katherine Thompson, Puget Sound Bank senior vice president and team leader. “He brings a broad range of community banking experience, especially with small- to medium-size businesses, and will be instrumental in supporting our growth.”
Mr. Adrian currently serves as the treasurer for the board of directors of Firland Foundation, a nonprofit based in Shoreline, Washington that provides employment opportunities for individuals with disabilities. He is a graduate of the University of Iowa.
2016 April 11 by Brad Ogura
April 11, 2016 — Today marks the 11th anniversary of Puget Sound Bank, and each year the Bank pauses to reflect on 11 years of resounding success made possible by our customers, business and community partners, employees and shareholders.
Today, Puget Sound Bank is one of the strongest and most successful business banks in the country. We’ve enjoyed working with our customers, helping them grow and succeed through the years, and we’re pleased to partner with our service providers who have helped us grow and succeed as well.
We are proud to support a variety of community organizations, ranging from basic needs, education and civic support. Puget Sound Business Journal has named Puget Sound Bank one of Washington state’s top corporate philanthropists — and as well, we have been named a Puget Sound Business Journal Best Workplace.
On this special day, we reach out to thank everyone and every organization who has made our success possible.