First Sound Bank Receives Approval to Acquire Eastside Commercial Bank

SEATTLE, April 6, 2015 /PRNewswire/ -- First Sound Bank (OTCBB;FSWA), headquartered in Seattle, Washington, today announced that it has received approval from shareholders and state and federal regulators to acquire Bellevue-based Eastside Commercial Bank.  The transaction, which will close on April 15, 2015, will result in a combined company of more than $130 million in assets and is expected to be accretive to earnings in the first year.

About First Sound Bank

Seattle-based First Sound Bank offers customized banking for small- to medium-sized businesses, organizations, not-for-profits and professionals in the Puget Sound region. The Bank is committed to delivering personalized service, convenient access and competitive rates to support the needs of the business community. First Sound Bank offers online banking at www.firstsoundbank.com plus an expansive array of cash management services and ATM banking throughout the country and abroad.

SOURCE First Sound Bank

Related Links

http://www.firstsoundbank.com