Website: N/A
Stock Symbol: NASDAQ: WBCO
Market Value: N/A (in millions)
Washington Banking Company (the “Company”) was formed on April 30, 1996 and is a
registered bank holding company whose primary business is conducted by its
wholly-owned subsidiary, Whidbey Island Bank (the “Bank”). The business of the
Bank, which is focused in the northern area of Western Washington, consists
primarily of attracting deposits from the general public and originating loans.
The Company and the Bank have formed several subsidiaries for various purposes
as follows:
Whidbey Island Bank is a Washington state-chartered bank that conducts a
full-service community commercial banking business. The Bank also offers
nondeposit managed investment products and services, which are not Federal
Deposit Insurance Corporation (“FDIC”) insured. These programs are provided
through the investment advisory companies Elliott Cove Capital Management LLC
and DFC Services & DFC Insurance Services.