M&A Deal Summary

Sound Credit Union Acquires Washington Business Bank

On December 3, 2024, Sound Credit Union acquired financial services company Washington Business Bank

Acquisition Highlights
  • This is Sound Credit Union’s 2nd transaction in the Financial Services sector.
  • This is Sound Credit Union’s 2nd transaction in the United States.
  • This is Sound Credit Union’s 2nd transaction in Washington.

M&A Deal Summary
Date 2024-12-03
Target Washington Business Bank
Sector Financial Services
Buyer(s) Sound Credit Union
Deal Type Add-on Acquisition

Target

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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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 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Washington) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-21 Washington Bancorp

Washington, United States

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

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