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Banking and Finance

Washington Federal, Inc., parent company of Washington Federal Savings, announced earnings of $33,483,000 or $.38 per diluted share for the quarter ended March 31, compared to $36,340,000 or $.42 per diluted share for the quarter ended March 31, 2006, a 7.9 percent decrease in earnings. For the six months ended March 31, earnings were $66,867,000 or $.76 per diluted share, compared to $72,486,000 or $.83 per diluted share for the six months ended March 31, 2006, a 7.8 percent decrease in earnings. read more »

 

The Board of Directors of AMB Financial Services Corporation, the holding company for American Marine Bank, has approved a 3-for-1 split of the Company’s common stock. Each shareholder of record at the close of business on April 30 will receive 2 additional shares for every outstanding share held on the record date. New stock certificates will be issued and distributed and trading will begin on a split-adjusted basis on May 15. A blackout date will be imposed between April 30 and May 15, as no transactions will be processed during this period. read more »

 

Patti Lawson-Darling, assistant vice president and real estate loan manager for Peoples Bank, announced that the bank has hired Rita Evans as real estate loan representative at the Bank’s Silverdale Home Loan Center located at 10516 Silverdale Way NW in Silverdale.

Evans joins Peoples Bank with 13 years of financial services experience, including five years in the mortgage industry. read more »

 

Businesses need banks, there’s simply no way around it. From checking accounts to lines of credit to business loans, banks provide a vital financial service to all small business owners.

In today’s Internet-focused society, it’s become quite easy to set up and maintain bank accounts, lines of credit — even loans — without ever setting foot in a bank. But in the long run, there are significant benefits to be had by building a long-term, personal, financial and business relationship with both a bank and its employees. read more »

 

1st Security Bank of Washington
www.1stsecurityofwa.com
683-0973
Poulsbo Branch
19519 7th Avenue NE
779-4488

American Marine Bank
Rex Townsend, CEO
www.americanmarinebank.com
648-3194
Bainbridge Island: 249 Winslow Way East or
208 High School Road
Belfair: Safeway
23961 NE State Route 3
Kingston: 26563 Lindvog Road NE
Poulsbo:
Central Market
20148 10th Ave. NE, Suite B
Silverdale: 9490 Silverdale Way NW
Silverdale Home Loan Center: 10868 Myhre Place, Suite 105 read more »

 

Port Orchard-based Kitsap Bank, founded in 1908, remains one of the biggest and oldest community banks in Washington State. The institution has seen record growth for the past few years, including several acquisitions.

In an interview with the Kitsap Peninsula Business Journal in 2001, Kitsap Bank Chairwoman Helen Langer Smith credited President and CEO Jim Carmichael with the organization’s success. read more »

 

In the state’s largest payday lending enforcement action, the Department of Financial Institutions filed charges against payday lenders, Advance Til Payday and Zippy Cash. Among the numerous allegations of misconduct, the payday lenders made over 400 loans in excess of the state’s $700 maximum loan limit. DFI intends to revoke both companies’ licenses, ban the individuals from doing business in Washington State, impose fines, order restitution, and charge for the cost of the investigations. The companies may request a hearing to defend the charges. read more »

 

Not long ago, Jill Paull was an unemployed single mom on welfare, unable to pay for basics like a phone bill. Today, this Bainbridge Island resident is living what for some people is part of the American Dream — she owns a successful business that not only provides a full-time income for her but also employs two part-timers.

“It was… humiliating to be on welfare and I needed more than $8 an hour,” she said. Looking for a way out of her circumstances and unable to find a good job, she decided to start a cleaning business — with just $5 in the bank. read more »

 

Hawryluk The recent spate of news stories about mortgage companies collapsing under the weight of failing subprime loans has been a cause of great concern for many. What, people wonder, does that mean for the mortgage industry as a whole?

For the most part, it seems, not that much.

“In the big picture, it’s business as usual,” said Val Hawryluk, manager of Silverdale’s Eagle Home Mortgage. read more »

 
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