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Washington Banking Co. (WBCO)On Dec 4: 10.32   0.00 (0.00%)  
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Washington Banking Co.
450 SW Bayshore Drive
Oak Harbor, WA 98277
United States - Map
Phone: 360-679-3121
Fax: 360-675-7282
Web Site: http://www.wibank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Pacific Banks
Full Time Employees:258

BUSINESS SUMMARY 
Washington Banking Company operates as the holding company for Whidbey Island Bank that provides community commercial banking services in northwestern Washington. Its deposit products include interest-bearing demand and money market accounts, saving deposits, checking accounts, negotiable order of withdrawal accounts, non-interest-bearing deposits, certificates of deposit, and time deposits. The company’s portfolio of loans comprises secured and unsecured commercial loans for working capital and expansion; real estate mortgage loans comprising one-to-four family residential loans and commercial real estate loans; and real estate construction loans, such as commercial real estate, one-to-four family residential construction, and speculative construction. Its consumer loan portfolio include automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and other secured and unsecured personal loans, as well as SBA guaranteed loans for small and medium sized businesses. As of December 31, 2008, Washington Banking Company operated 19 branches in 5 counties in northwestern Washington. The company was founded in 1961 and is based in Oak Harbor, Washington.
Key Statistics

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    CORPORATE GOVERNANCE 
    Washington Banking Co.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 43.3% of Russell 3000 companies and 56.9% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. John L Wagner , 66
    Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Whidbey Island Bank, Pres of Whidbey Island Bank of Whidbey Island Bank
    $ 321.00K $ 0
    Mr. Richard A Shields , 49
    Chief Financial Officer, Exec. VP and Exec. VP of Whidbey Island Bank
    $ 214.00K $ 0
    Mr. Joseph W Niemer , 57
    Chief Credit Officer, Exec. VP, Chief Credit Officer of Whidbey Island Bank and Exec. VP of Whidbey Island Bank
    $ 223.00K $ 0
    Mr. Shelly L Angus ,
    Sr. VP of Investor Relations, Sec., Sr. VP of Investor Relations of Whidbey Island Bank and Sec. of Whidbey Island Bank
    N/A N/A
    Ms. Bette Floray , 57
    Consultant
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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