David V. Huguenin Joins Puget Sound Bank

BELLEVUE, Wash., July 1, 2013 /PRNewswire/ -- Puget Sound Bank (OTCBB: PUGB) has announced that David V. Huguenin has joined the Bank as senior vice president, relationship manager. Mr. Huguenin joined the Bank upon Puget Sound Bank's acquisition of Core Business Bank.

"The board and I are pleased to welcome Dave to the Puget Sound Bank team," said Jim Mitchell, chief executive officer and president, "He brings a complementary breadth of experience and influential network to the Bank – both critical as we seek to grow our customer base and expand our geographic reach."

Mr. Huguenin has over 40 years of executive banking experience at both community banks and large regional banks, specializing in commercial banking for small- and medium size-businesses. "We look forward to Dave helping leverage our higher lending limits resulting from the acquisition," said Mr. Mitchell. "His addition is instrumental in our strategic planning to enhance organic growth while preserving our commitment to providing our award-winning customer experience."

Also joining Puget Sound Bank from Core Business Bank are Garret Rogers, vice president relationship manager; and Aleecia Poulsen, customer service officer. "We're pleased to have both Garret and Aleecia join us," added Mr. Mitchell, "to help ensure the customer transition is as seamless as possible."

Puget Sound Bank completed its acquisition of Core Business Bank on June 14, 2013. In addition to Mr. Rogers and Ms. Poulsen, formerly of Core Business Bank, Puget Sound Bank brought over other staff from Core Business Bank to create an uninterrupted service experience for its new customers. Like Core Business Bank, Puget Sound Bank uses Jack Henry & Associates for its banking platform, and the Bank anticipates a smooth transition for its new customers.

About Puget Sound Bank
Headquartered in Bellevue, WA, Puget Sound Bank is a locally owned and operated commercial bank proudly serving the greater Puget Sound region. The Bank focuses on meeting the specialized needs of small- and medium-size businesses, commercial real estate projects, professionals and high-net worth individuals. Puget Sound Bank offers a full range of competitive financial products delivered through an expansive branch network in the State, with award-winning customer service and a consultative/partnership approach to its clients.  For more information call (425) 455-2400 or visit us online at www.PugetSoundBank.com.

Safe Harbor Statement. This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements.  Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices; levies and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors, including risk factors, referred to from time to time in filings made by Puget Sound Bank with the Securities and Exchange Commission.  Puget Sound Bank undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Puget Sound Bank