About Harborstone Credit Union
Since 1955, Harborstone Credit Union has served Washington communities as a member-owned, not-for-profit financial organization, with a history of serving those who serve, and built on the principle of people helping people. At the heart of the credit union are knowledgeable and passionate team members who guide and empower consumer members and business members to make good financial decisions, promoting financial well-being and prosperity. Today, Harborstone has branch locations in King, Pierce, and Thurston Counties. Expanding financial empowerment for its members is a perennial priority for Harborstone. As a banking advocate for its members, Harborstone’s mission is to build trusted and meaningful relationships with members—and to show up, as a fabric of the community, to help those communities THRIVE. Harborstone is also committed to working toward a more fair and equitable society, one relationship at a time. Harborstone has $2 billion in assets and more than 92,000 members.
About First Sound Bank
First Sound Bank is a locally owned, independent community bank with approximately
$175 million in assets. The company provides commercial and private banking services for
small to medium sized businesses, not-for-profit organizations, entrepreneurs, and
professional service firms throughout the Puget Sound market. First Sound Bank operates through a single branch location in downtown Seattle. For more information, please visit
www.firstsoundbank.com.
Forward Looking Statements
Certain statements in this news release contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future plans and expectations, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties, and other factors, such as the businesses of Harborstone Credit Union and First Sound Bank may not be integrated successfully or such integration may take longer to accomplish than expected, the expected cost savings and any revenue synergies from the merger may not be fully realized within the expected timeframes, disruption from the merger may make it more difficult to maintain relationships with customers, associates, or suppliers, the required governmental approvals of the merger may not be obtained on the proposed terms and schedule, or FSWA shareholders may not approve the merger, any of which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the
assumptions could prove to be inaccurate. Therefore, we can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by the companies or any person that the future events, plans, or expectations contemplated by the companies will be achieved. All subsequent written and oral forward-looking statements concerning the companies or any person acting on their behalf is expressly qualified in its entirety by the cautionary statements above. None of Harborstone Credit Union or First Sound Bank undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, to reflect circumstances or events that occur after the date the forward-looking statements are made.