Puget Sound Bank Second Quarter Profits Jump 27%; Return on Equity Increases 38%; Record First Half Net Income of $1,043,446

BELLEVUE, Wash., July 18, 2012 /PRNewswire/ -- Puget Sound Bank (OTCBB: PUGB.OB), today reported that net income for second quarter increased 27% to $526,381, or $.21 per share compared to $413,145, or $.15 per share for second quarter 2011. Net income for the first six months increased 20% from the same period a year ago to $1,043,446. "Puget Sound Bank continues to produce consistently strong earnings driven by solid loan and deposit growth and improving credit quality," said Jim Mitchell, Presi...continued PUGB  Financial bank Banking

URL: http://www.investorpoint.com/news/OTCBULLB/52830787/