Jacob Beaty Joins Puget Sound Bank

BELLEVUE, Wash.--()--Puget Sound Bank (OTCQB:PUGB) announced that Jacob Beaty joined the Bank as vice president, financial reporting and analysis officer.

In this newly created position Mr. Beaty will be responsible for building and managing the Bank’s key management reporting processes, including profitability management systems and product pricing. “Jacob brings a new depth of experience to our management team that will be critical to our success as Puget Sound Bank continues to grow,” said Phil Mitterling, executive vice president and chief financial officer.

Mr. Beaty comes to Puget Sound Bank from the Federal Home Loan Bank of Seattle where he spent 10 years, most recently as an enterprise risk analysis manager. He holds a master of investment management and financial analysis from Creighton University, an MBA from City University Seattle and an undergraduate degree from Washington State University.

Puget Sound Bank has 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. The Bank celebrates its 10th anniversary this year.

Common stock for Puget Sound Bank trades on the OTCQB® electronic marketplace under the symbol PUGB.

About Puget Sound Bank

Puget Sound Bank is one of Washington state’s top commercial banks (as measured by commercial and industrial loans as a percentage of total loans) proudly serving the greater Puget Sound region. Based in Bellevue, Washington, the bank was founded to meet the specialized needs of small- and medium-sized businesses, select commercial real estate projects, professional service providers and high net worth individuals. Puget Sound Bank offers a full range of competitive financial products including an advanced suite of cash management services. Customers can access their accounts in-branch, online, on mobile devices or through Puget Sound Bank's ATM network throughout the continental United States. For more information visit www.PugetSoundBank.com or call (425) 455-2400.

To access investor relations information for Puget Sound Bank, visit www.PugetSoundBank.com/IR or call (425) 467-2037.

Contacts

Puget Sound Bank
Brad Ogura, 425-467-2037

Contacts

Puget Sound Bank
Brad Ogura, 425-467-2037