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Harborstone Credit Union Announces Agreement To Acquire First Sound Bank

PRIVATEAug 01, 2023

Acquiring Company

Harborstone Credit Union

Acquired Company

First Sound Bank

LakewoodFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceBanking

Description

Harborstone Credit Union announced today it has entered into a definitive agreement to acquire Seattle, Washington-based First Sound Bank (OTCPK: FSWA). The transaction is structured as a purchase agreement with Harborstone Credit Union purchasing substantially all assets and assuming substantially all liabilities of First Sound Bank.

Quick answer

Harborstone Credit Union is acquiring First Sound Bank, announced August 1, 2023. Harborstone Credit Union is based in Lakewood, Washington, United States.

How much did Harborstone Credit Union pay for First Sound Bank?
The deal value was not disclosed.
What does Harborstone Credit Union do?
Harborstone Credit Union is a Washington-chartered and federally insured credit union headquartered in Lakewood, Washington.
Where are Harborstone Credit Union and First Sound Bank based?
Harborstone Credit Union is based in Lakewood, Washington, United States.

Source: Fundz verified event record.

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Company Information

Company

Harborstone Credit Union

Location

Lakewood, Washington, United States

About

Harborstone Credit Union is a Washington-chartered and federally insured credit union headquartered in Lakewood, Washington. Founded in 1955 as McChord Federal Credit Union, serving airmen on McChord Air Force Base (now Joint Base Lewis McChord), Harborstone Credit Union has grown to become one of the largest credit unions in Washington State with over 87,000 members and approximately $1.9 billion in total assets. Harborstone Credit Union has fifteen branches located throughout King, Pierce, and Thurston counties and offers members a full range of products and services with the aim to assist members in achieving financial well-being through innovative financial solutions that foster thriving communities and economic vitality. For more information, please visit www.harborstone.com.

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Frequently asked

Who acquired First Sound Bank?

First Sound Bank was acquired by Harborstone Credit Union, based in Lakewood. The deal was reported on August 1, 2023. Harborstone Credit Union is a Washington-chartered and federally insured credit union headquartered in Lakewood, Washington. Harborstone Credit Union is privately held and operates in Financial Services.

When did Harborstone Credit Union acquire First Sound Bank?

Harborstone Credit Union's acquisition of First Sound Bank was reported on August 1, 2023. Harborstone Credit Union announced today it has entered into a definitive agreement to acquire Seattle, Washington-based First Sound Bank (OTCPK: FSWA). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does First Sound Bank do?

First Sound Bank is a locally owned, independent community bank with approximately $175 million in assets. It is privately held, operating in Financial Services.

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