Recent Acquisition Activity Washington Business Bank was acquired by Sound Credit Union in March 2024, indicating potential for integration services or collaborative financial products as the new ownership aligns strategic goals.

Asset Management Sales The sale of assets worth $1.33M to True Self Yoga in December 2023 highlights opportunities to offer specialized financial solutions, such as small business loans or real estate financing, tailored to local businesses.

Growth and Expansion With revenue estimated between $1M and $10M and a relatively small employee base, the bank may be seeking scalable technology or process improvements to better serve its evolving client base and expand its service offerings.

Tech Infrastructure Utilizing a modern tech stack including AWS, MySQL, and Bootstrap suggests openness to digital transformation initiatives, representing opportunities to provide innovative banking technology solutions.

Leadership Development The addition of new board members in May 2023 points to strategic shifts or growth plans, creating potential avenues for executive training programs, consulting, or partnership opportunities aligned with governance enhancement.