Washington Banking Company to Present At Sterne Agee's 4th Annual Financial Services Symposium

• Press Release
• Source: Washington Banking Company
• On 12:56 pm EST, Monday February 2, 2009

OAK HARBOR, Wash., Feb. 2, 2009 (GLOBE NEWSWIRE) -- Washington Banking Company (NasdaqGS:WBCO - News), today announced plans to participate in a Pacific Northwest Bank Panel discussion at the Sterne Agee 4th Annual Financial Services Symposium. Rick Shields, EVP and Chief Financial Officer, will present with the rest of the panel on Monday, February 9, 2009, at 9:50 AM (EST).

Washington Banking recently reported net income of $8.3 million for 2008, or $0.88 per diluted share, earnings of $1.7 million, or $0.18 per diluted share in the fourth quarter of 2008, and Tier 1 Capital to risk-adjusted assets increased to 11.98% at December 31, 2008.

Stern Agee's 4th Annual Financial Services Symposium is scheduled for Monday and Tuesday, February 9 and 10, 2009, at The Peabody, 9801 International Drive, Orlando, Florida 32819. Tel: 407.352.4000. Founded in 1901, Stern Agee has been providing key investment opportunities for over a century.

ABOUT WASHINGTON BANKING COMPANY

Washington Banking Company is a bank holding company based in Oak Harbor, Washington, that operates Whidbey Island Bank, a state-chartered full-service commercial bank. Founded in 1961, Whidbey Island Bank provides various deposit, loan and investment services to meet customers' financial needs. Whidbey Island Bank operates 19 full-service branches located in five counties in Northwestern Washington.

http://www.wibank.com

          Washington Banking Company
          Jack Wagner - President & CEO
          Rick A. Shields - EVP & Chief Financial Officer
          360.679.3121