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Washington Banking: Washington Banking Company
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Washington Banking Company is a bank holding company based in Oak Harbor, Washington, that operates Whidbey Island Bank, a state-chartered full-service commercial bank. Founded in 1961, Whidbey Island Bank provides various deposit, loan and investment services to meet customers' financial needs. Whidbey Island Bank operates 20 full-service branches located in five counties in Northwestern Washington. In September 2006, Ryan Beck & Co. ranked WBCO #33 on its list of the Top 100 U.S. Banks and Thrifts, based on 5-year total return. www.wibank.com
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Washington Banking Company is a bank holding company which operates through its wholly owned subsidiary, Whidbey Island Bank. The bank's primary activity is to attract deposits from the general public and offer loans. The bank ... provides investment services through its subsidiaries include, Elliott Cove Capital Management and DFC Services & DFC Insurance Services. The company primarily operates in the US. It is headquartered in Oak Harbor, Washington and employs about 320 people.
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Washington Banking Company operates as the holding company for Whidbey Island Bank, which provides community commercial banking services primarily in northwestern Washington. It engages in generating deposits and originating loans. The company's deposit products include demand deposits, time deposits checking accounts, money market accounts, savings accounts, and certificates of deposit. Its loan portfolio comprises commercial loans, including secured and unsecured loans for working capital and expansion; real estate mortgage loans, including one-to-four family residential loans and commercial real estate loans; real estate construction loans, including commercial real estate, one-to-four family residential construction, and speculative construction; and consumer loans, such as automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and other secured and unsecured personal loans, as well as SBA guaranteed loans for small and medium sized businesses. As of December 31, 2006, it operated 20 branches located in 5 counties in northwestern Washington. Washington Banking was founded in 1996 and is based in Oak Harbor, Washington.
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OAK HARBOR, Wash., Oct. 25, 2007 (PRIME NEWSWIRE) -- Washington Banking Company (NasdaqGS:WBCO - News), the holding company for Whidbey Island Bank, announced today that its Board of Directors has declared a cash dividend of $0.06 per common share. The dividend will be paid November 28, to shareholders of record on November 9, 2007. Washington Banking has paid a quarterly cash dividend since its 1998 initial public offering, and has increased the cash payout each year.
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Washington Banking Company (the “Company”) was formed on April 30, 1996 and is a registered bank holding company whose primary business is conducted by its wholly-owned subsidiary, Whidbey Island Bank (the “Bank”). The business of the Bank, which is focused in the northern area of Western Washington, consists primarily of attracting deposits from the general public and originating loans. The Company and the Bank have formed several subsidiaries for various purposes as follows: Whidbey Island Bank is a Washington state-chartered bank that conducts a full-service community commercial banking business. The Bank ... offers nondeposit managed investment products and services, which are not Federal Deposit Insurance Corporation (“FDIC”) insured.
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OAK HARBOR, Wash., Jan. 25, 2008 (PRIME NEWSWIRE) -- Washington Banking Company (NasdaqGS:WBCO - News), the holding company for Whidbey Island Bank, announced today that its Board of Directors has declared a cash dividend of $0.06 per common share. The dividend will be paid February 21, to shareholders of record on February 5, 2008. Washington Banking has paid a quarterly cash dividend since its 1998 initial public offering, and has increased the cash payout each year.
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