Puget Sound Bank Promotes David Stegmeier

BELLEVUE, Wash.--()--Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that David Stegmeier has been promoted to senior vice president, relationship manager.

Mr. Stegmeier joined Puget Sound Bank as one of the original employees and participated in the development of policies, procedures and product enhancements that have helped drive the Bank’s continued growth. “David has been a versatile and vital team player throughout the years,” said Steve Vincent, Puget Sound Bank senior vice president and team leader. “His exemplary credit discipline, strong business skills and collaborative leadership style have all contributed to the Bank’s ongoing recognition as one of the nation’s strongest business banks.”

Mr. Stegmeier is a graduate of Utah Valley University (Orem, Utah) and is a graduate of the Washington Bankers Association executive development program.

In addition to recognition as a Best Company to Work For by Seattle Business Magazine, 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.

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

About Puget Sound Bank

Puget Sound Bank, the primary subsidiary of Puget Sound Bancorp, is one of Washington state’s top commercial banks (as measured by commercial and industrial loans as a percentage of total loans). Based in Bellevue, Washington, the bank was founded to meet the specialized needs of small- and medium-sized businesses, nonprofits, 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 information for Puget Sound Bancorp, visit www.PugetSoundBancorp.com or call (425) 467-2037.

Contacts

Puget Sound Bank
Brad Ogura, 425-467-2037

Contacts

Puget Sound Bank
Brad Ogura, 425-467-2037