Puget Sound Bank (WA) Common Stock (OB:PUGB)
Business Focus: N/A
Nov 17, 2017 11:46 am ET
Heritage Financial Corporation and Puget Sound Bancorp, Inc. Announce Receipt of Regulatory Approvals
OLYMPIA, Wash., Nov. 17, 2017 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA, "Heritage") the parent company of Heritage Bank, and Puget Sound Bancorp, Inc. (OTCQB: PUGB, "Puget Sound"), the parent company of Puget Sound Bank, today jointly announced that the Washington Department of Financial Institutions and the Federal Deposit Insurance Corporation have approved the proposed merger of Puget Sound with and into Heritage as well as the merger of Puget Sound Bank into Heritage Bank. The Federal Reserve Board also granted Heritage's requested waiver from its application filing r
Nov 03, 2017 01:15 pm ET
SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Puget Sound Bancorp, Inc. - PUGB
NEW YORK, Nov. 3, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating Puget Sound Bancorp, Inc. ("Puget" or the "Company") (OTC: PUGB) relating to the merger of the Company with Heritage Financial Corporation (NasdaqGS: HFWA). As a result of the merger, Puget shareholders will receive 1.320 shares of Heritage common stock valued at $35.84, based on the closing price of Heritage common stock of $27.15 on July 26, 2017.
Oct 18, 2017 04:15 pm ET
Puget Sound Bancorp Reports Record Profits Before One-Time Transaction Costs
Puget Sound Bancorp (OTCQB: PUGB), the holding company for Puget Sound
Bank, announced record net income for the quarter ending September 30,
2017 of $1.4 million or $0.42 per share before one-time extraordinary
costs of $441,000 related to the acquisition by Heritage Financial
Corporation (“Heritage”) (NASDAQ: HFWA) reported in July 2017. With the
costs, net income for the quarter was $1.1 million or $0.33 per share.
This compares to $724,712 or $0.21 per share for the year-earlier
quarter which included a one-time $700,000 charge-off.
Aug 03, 2017 05:15 pm ET
PUGET SOUND BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Puget Sound Bancorp, Inc.
NEW ORLEANS, Aug. 3, 2017 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Puget Sound Bancorp, Inc. ("Puget" or the "Company") (OTCQB: PUGB) to Heritage Financial Corporation (NASDAQ: HFWA). Under the terms of the proposed transaction, shareholders of Puget will receive only 1.320 shares of Heritage for each share of Puget that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration und
Jul 28, 2017 07:00 pm ET
Rowley Law PLLC is Investigating Puget Sound Bancorp, Inc. and its Board of Directors for Potential Breaches of Fiduciary Duty
NEW YORK, July 28, 2017 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Puget Sound Bancorp, Inc. (OTC: PUGB) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Heritage Financial Corporation in a stock-for-stock transaction valued at approximately $126 million. The transaction is expected to close in the first quarter of 2018.
Jul 26, 2017 09:00 pm ET
Heritage Financial Corporation to Acquire Puget Sound Bancorp, Inc.
OLYMPIA and BELLEVUE, Wash., July 26, 2017 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (NASDAQ: HFWA) and Puget Sound Bancorp, Inc. ("Puget Sound") (OTCQB: PUGB) jointly announced today the signing of a definitive agreement under which Heritage will acquire Puget Sound in an all stock transaction valued at approximately $126.1 million, or $35.84 per share, based on the closing price of Heritage common stock of $27.15 on July 26, 2017.
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