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Sound Credit Union Completes Acquisition of Washington Business Bank

Author

Slice of Finance Team
05 Dec

Key Highlights:

  • Sound Credit Union’s assets now exceed $3 billion, with $2.5 billion in deposits and $2.3 billion in loans.

  • 26 full-service branch locations, including the new branch at 5th Avenue Southeast and Franklin Street in Olympia.

  • Washington Business Bank clients and team members join Sound, enhancing service in Thurston County.

Source: Business Wire

Notable Quote:

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“We are excited to announce the completion of the acquisition with Washington Business Bank and to welcome their clients and team members to the Sound family. As we move forward together, Sound will seek opportunities to support our members and community with a suite of financial products and services that help them to manage their finances with ease.”

Don Clark, President and CEO at Sound Credit Union

Our Take:

Sound Credit Union’s acquisition of Washington Business Bank represents a strategic expansion in the growing Thurston County market. This move not only solidifies Sound’s position as one of Washington State’s leading credit unions but also extends its service capabilities to a broader member base. With over $3 billion in assets, the organization is well-positioned to deepen its community impact and offer enhanced financial services. The focus on integration and relationship-building underscores Sound’s commitment to fostering trust and accessibility in every branch location.