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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.”

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24th Consecutive 5-Star Rating from BauerFinancial

2016 September 9 by


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
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.”

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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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Puget Sound Bancorp Reports Second Quarter Results

2016 July 20 by

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.

Read the complete news release.

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Britni Babington Promoted to Assistant Vice President

2016 July 18 by

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.

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Puget Sound Bank Announces New Staff

2016 June 29 by

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.

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Puget Sound Bank Honored as a Best Company to Work For

2016 June 28 by

Best Cos (1)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.

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Simon Bai Joins Puget Sound Bank

2016 June 17 by

Simon Bai Puget Sound Bank 2016June 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.

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