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Sound Community Bank Acquires Two Branches Of 1st Security Bank of Washington

Plans to move Lakewood Towne Center branch to new Tacoma branch

Sound Community Bank, a subsidiary of Sound Financial, has completed its acquisition of the Tacoma and the Port Angeles branches of 1st Security Bank of Washington.

The combined deposit accounts acquired by Sound Community Bank at both the branches totaled $33.6m.

Sound Community Bank said that the operations of the acquired Port Angeles office have been moved to its new branch location at 110 North Alder Street in Port Angeles. The bank plans to move the operations of its Lakewood Towne Center branch to the new Tacoma branch location, during the fourth quarter of 2009.

Laurie Stewart, president and CEO of Sound Community Bank, said: “We’re absolutely delighted to have the 1st Security customers join us. These acquisitions give our Company the size and scale to provide even greater service and to have a real impact in these communities.