M&A Deal Summary

Sound Credit Union Acquires Washington Bancorp

On September 21, 2018, Sound Credit Union acquired financial services company Washington Bancorp

Acquisition Highlights
  • This is Sound Credit Union’s 1st transaction in the Financial Services sector.
  • This is Sound Credit Union’s 1st transaction in the United States.
  • This is Sound Credit Union’s 1st transaction in Washington.

M&A Deal Summary
Date 2018-09-21
Target Washington Bancorp
Sector Financial Services
Buyer(s) Sound Credit Union
Deal Type Add-on Acquisition

Target

Washington Bancorp

Washington, United States
Washington Bancorp, Inc. (OTC Pink “WGTB”) is the holding company for the Bank of Washington.

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Buyer(S) 1

Buyer

Sound Credit Union

Tacoma, Washington, United States
Category Company
Founded 1940
Sector Financial Services
DESCRIPTION

Sound Credit Union is a provider of financial support and services throughout the Puget Sound area. Sound Credit Union was formed in 1940 and is based in Tacoma, Washington.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Washington) 1 of 2
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Washington Business Bank

Olympia, Washington, United States

Washington Business Bank provides financial services that enable their clients to become more successful. Washington Business Bank was founded in 2002 and is based in Olympia, Washington.

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