Welcome to Puget Sound Bank
Puget Sound Bank is a locally owned and operated commercial bank proudly serving the greater Puget Sound region. We are committed to providing you and your company with a team of the most experienced business and private bankers in the area.
PUGET SOUND BANK RATED 4 STARS (“EXCELLENT”) BY BAUERFINANCIAL, INC.
BauerFinancial has rated Puget Sound Bank 4 stars (“excellent”), its second-highest rating. BauerFinancial has been reporting on and analyzing the performance of US banks since 1983. No institutions pay for its ratings. They are an independent organization. Click here to access the BauerFinancial website: www.bauerfinancial.com
BauerFinancial’s Star Ratings are based on the call report data that all banks are required to file quarterly with the FDIC. Criteria that is used to determine the appropriate rating includes but is not limited to: 1) the capital ratio (net worth to total assets), 2) liquidity, 3) profitability, and the level of delinquent loans.
Puget Sound Bank came off a tremendous year in 2008 with record profitability, strong loan and deposit growth, significant liquidity, capital well in excess of federal requirements, and fifteen consecutive quarters of no credit losses and no 30 day past due loans. We are pleased that this performance is recognized by an independent third party organization.