Arnie Gunderson Joins Puget Sound Bank

BELLEVUE, Wash.--()--Puget Sound Bank, the bank subsidiary of Puget Sound Bancorp (OTCQB: PUGB), announced that Arnie Gunderson joined the company as senior vice president, relationship manager.

“His depth and variety of experience will complement and extend the existing expertise we offer our clients, which is especially important as the Bank continues to grow.”

Mr. Gunderson brings nearly 30 years of banking and financial services experience to Puget Sound Bank, with most of his career spent in community banking. “We are fortunate to have Arnie join our team of relationship managers,” said Katherine Thompson, Puget Sound Bank senior vice president and team leader. “His depth and variety of experience will complement and extend the existing expertise we offer our clients, which is especially important as the Bank continues to grow.”

A Northwest native, Mr. Gunderson is a graduate of the Pacific Coast Bankers School at the University of Washington Graduate School of Business (Seattle, Wash.) and Western Washington University (Bellingham, Wash.). He holds a certificate of oboe performance from the Franz Liszt Academy of Music (Budapest, Hungary) and performs regularly with the Cascade Symphony Orchestra, where he also serves as president of the board.

In addition to recent recognition as a Best Company to Work For by Seattle Business Magazine, Puget Sound Bank has also been named a best workplace, fastest growing company and top corporate philanthropist by the Puget Sound Business Journal and is consistently rated one of the country’s strongest banks by independent analysts.

Common stock for Puget Sound Bancorp trades on the OTCQB® electronic marketplace under the symbol PUGB.

About Puget Sound Bank

Puget Sound Bank, the primary subsidiary of Puget Sound Bancorp, is one of Washington state’s top commercial banks (as measured by commercial and industrial loans as a percentage of total loans). Based in Bellevue, Washington, the bank was founded to meet the specialized needs of small- and medium-sized businesses, nonprofits, select commercial real estate projects, professional service providers and high net worth individuals. Puget Sound Bank offers a full range of competitive financial products including an advanced suite of cash management services. Customers can access their accounts in-branch, online, on mobile devices or through Puget Sound Bank's ATM network throughout the continental United States. For more information visit www.PugetSoundBank.com or call (425) 455-2400.

To access investor information for Puget Sound Bancorp, visit www.PugetSoundBancorp.com or call (425) 467-2037.

Contacts

Puget Sound Bank
Brad Ogura, 425-467-2037

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