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December 5, 2024
Sound Credit Union, headquartered in Tacoma, completed its acquisition of Olympia-based Washington Business Bank. The transaction includes Sound acquiring all assets and assuming substantially all liabilities of Washington Business Bank. With the addition of Washington Business Bank, Sound's asset size now exceeds $3 billion, including more than $2.5 billion in deposits and $2.3 billion in loans. Sound's branch network now includes the Washington Business Bank branch in Olympia. The full-system integration of both organizations will take place over the next few months. Sound Credit Union was founded in 1940, and has 26 full-service branch locations throughout the Puget Sound area.