TACOMA, Wash., Dec. 3, 2024–(BUSINESS WIRE)–Late last week, Tacoma-based Sound Credit Union (Sound) announced that Olympia-based Washington Business Bank (OTCPK; WBZB) announced the completion of the acquisition. , Washington. The transaction, which was completed late last week, includes Sound acquiring all of Washington Business Bank’s assets and assuming substantially all of its debt.
With the addition of Washington Business Bank, Sound’s asset size now exceeds $3 billion, including more than $2.5 billion in deposits and more than $2.3 billion in loans. Sound’s branch network currently includes the Washington Business Bank branch at Southeast Fifth Avenue and Franklin Street in Olympia. This increases our branch network to 26 full-service locations and provides access to personal and business products and services designed to help Washingtonians manage their finances with confidence.
“We are excited to announce the closing of our acquisition with Washington Business Bank and welcome their customers and team members to the Sound family,” said Don Clark, President and CEO of Sound Credit Union. “I am doing so,” he said. “We look forward to building meaningful relationships with our new members and gaining a deeper understanding of how we can best serve them and others across Thurston County.”
Full system integration of both organizations will occur over the next several months. Sound members will receive regular updates on the progress of the integration. “As we move forward together, Sound will explore opportunities to offer a suite of financial products and services to help our members and community manage their finances with ease,” Clark said. “Most importantly, we want our members, employees and communities to know that we truly care about them and are committed to building meaningful relationships with them. With sound, we always stay close to every wave of life.”
About Sound Credit Union
Sound Credit Union was founded in 1940 and is now one of Washington state’s largest credit unions. With 26 full-service branch locations throughout the Puget Sound region, Sound provides reliable, authentic financial support and service to more than 175,000 members. Sound is driven by a purpose to accompany our members, employees and communities through every wave of life.
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Jennifer Reed, Vice President/Public Relations
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800.562.8130 extension 2928 | jreed@soundcu.com
