TACOMA, Wash.—The $3-billion Sound Credit Union here has completed the system conversion of Washington Business Bank, based in Olympia, Wash., marking the final step in Sound’s acquisition of the bank.
As part of the transaction, Sound has assumed all assets and substantially all liabilities of Washington Business Bank. With the addition of the downtown Olympia location, Sound has expanded its branch footprint to 26 full-service locations, the CU stated in a release.
“Our team members have worked diligently to complete the acquisition,” said Don Clark, president and CEO of Sound Credit Union. “We are thrilled to welcome former WBB clients as new Sound members and look forward earning their trust as their financial partner. Whether from a personal or business perspective, our team members are committed to helping our members achieve their financial goals and dreams. Sound will continue to stand with our members, employees and communities through all waves of life.”
To celebrate the expansion, Sound will host a community ribbon cutting event at their downtown Olympia branch, formerly the WBB branch, on July 24 at 5:30 p.m. PT.