First Sound Bank (fka FSWA)

[illegal_alias]

Can't remember. Saw it somewhere. The Form D was for $3,000,000 worth of shares, not 3,000,000 shares. I'm thinking that today o/s is somewhere on the order of at least 210,000,000 shares.

[$hellKing]

How much did the OS increase to? was it the 3 million shares from th Form D 2012? OTCM got to be updated with at least a little bit of data.lol 2007 way too old.

[illegal_alias]

I saw. Received shareholder letter a couple of days ago.

[genlou]

illegal,FSWA did well last quarter.

[illegal_alias]

FSWA News: http://www.prnewswire.com/news-releases/doug-stauduhar-joins-first-sound-bank-as--senior-vice-president-and-chief-financial-officer-300221800.html

[BigCat]

First Sound 4th Quarter Earnings: $423,000
First Sound 2015 Earmings: $1,011,000

2015 was a great year for First Sound Bank!

[illegal_alias]

Damon Huard Joins First Sound Bank Board of Directors

SEATTLE, Jan. 13, 2016 /PRNewswire/ -- First Sound Bank (OTCBB;FSWA) today announced that Damon Huard has been appointed to its board of directors. "We are very honored to have Mr. Huard join our board," said First Sound Bank Chairman and CEO Pat Fahey. "His small-business experience, and his standing in the community, will be a great asset to First Sound Bank and our clients."

Huard currently serves as director of external relations for University of Washington Husky Football and is a co-owner of "Passing Time," an award-winning boutique winery in Woodinville. As a small-business entrepreneur, Huard also has been involved in a number of other local small businesses.

Huard graduated from the University of Washington Foster School of Business in 1995 and went on to play professional football in the NFL for twelve years as a quarterback for the Miami Dolphins, the New England Patriots, and the Kansas City Chiefs.

During his outstanding football career, Huard received many honors: with the Patriots, two Super Bowl rings from Super Bowl XXXVI and Super Bowl XXXVIII; with the Chiefs, a 2006 season finish with a 98.0 rating as quarterback, ranking second in the NFL behind only Colts quarterback Peyton Manning; and as a three-year starter with the Huskies, recognition as the Huskies' all-time passing leader with 5692 passing yards.

About First Sound Bank

Seattle-based First Sound Bank offers customized banking for small- to medium-sized businesses, organizations, not-for-profits and professionals in the Puget Sound region. The Bank is committed to delivering personalized service, convenient access and competitive rates to support the needs of the business community. First Sound Bank offers online banking at www.firstsoundbank.com plus an expansive array of cash management services, as well as ATM banking throughout the country and abroad.

http://www.prnewswire.com/news-releases/damon-huard-joins-first-sound-bank-board-of-directors-300204033.html

[illegal_alias]

Shareholder newsletter arrived in mail yesterday. Profitable 3rd qtr and looks like they booked a significant sale of securities in current quarter.

[illegal_alias]

Hola Chesco! FSWA is a turnaround story. Small community bank that survived the financial crisis, paid back federal bailout money, and returned to profitability. Gotta re-do the math because there was a massive share increase to raise the capital to get rid of TARP obligations and the consent order. Depending on net profit, this could go to .15 within a year.

ANDR? been out long-time. If their patent suit strategy fails, then they are toast.

[pennystock_es]

HI
Illegl_alias
You can give me information First Sound Bank?
Share Structure?
Target?

ANDR still within, you can give me your opnion?

thanks

[illegal_alias]

.11 x .115 today. Nice to seed the spread close up considerably.

[illegal_alias]

Looks like someone slapped the ask with a Jackson - 159 shares. Pfft!!!

[illegal_alias]

I saw

[genlou]

illegal,.11 today.

[illegal_alias]

PPS and b/a up today. Shareholders letter must be hitting mailboxes. Glad we all know how to find the call reports!

[BigCat]

Thanks for the heads up bro! I've got my ears ready for any good news on First Sound!

[illegal_alias]

Joey, 2nd Q call report out.

[illegal_alias]

If they can get to ttm net earnings of .01 to .02 over the next year, that would be excellent and get them on solid footing. When interest rates start to climb, all banks should benefit as they see income from interest/loans rise.

[illegal_alias]

Yes, would also love to see them become more profitable and swallow up a couple of more small banks over the next couple of years.

[jip53]

Sounds good to me ,can't wait to see an upswing!

[illegal_alias]

Got printed shareholders' letter in mail today. I think that is the fastest it has been out in last couple of years. Hope that means that management is excited about things going forward. Plus the Seattle economy is on an upswing: http://www.seattletimes.com/business/economy/five-takeaways-from-the-downtown-seattle-boom-jon-talton/

[jip53]

thanks for posting ,that's encouraging ,wish we had a little more volume !

[illegal_alias]

Call report out for Q2 - $528,000 in net income YTD. Big improvement over Q1 which was -$56 YTD as of March 31. Search for reports at https://cdr.ffiec.gov/public/ManageFacsimiles.aspx

Shareholder's letter at https://www.firstsoundbank.com/investor_pdfs/38436_FSBB_Report_R4.pdf

[illegal_alias]

Annual shareholders' meeting agenda for May 13
https://www.firstsoundbank.com/investor_pdfs/Proxy%20Statement%20Annual%20Meeting%20May%2013,%202015.pdf

[jip53]

looking good here!

[illegal_alias]

Annual shareholders meeting set for May 13.

You elected to receive shareholder communications and submit voting instructions via the Internet. This e-mail contains information specific to your holding in the securities identified below.

Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting

2015 FIRST SOUND BANK is holding an Annual Meeting of Stockholders as follows:

MEETING DATE: May 13, 2015
For Holders as of: February 23, 2015

[jip53]

http://www.prnewswire.com/news-releases/first-sound-bank-receives-approval-to-acquire-eastside-commercial-bank-300061595.html

[jip53]

Yes,let's hope it continues!

[illegal_alias]

Lookin' good.

[jip53]

That's a good sign! ,not that many shares available below 0.08!,pending deal is less than two weeks away!

[illegal_alias]

133K on the bid @ .075 Some one is serious about FSWA.

[jip53]

Yup,that was a great opportunity to average down couple weeks ago,still a great buy below .08 ,thinking about adding a few more shares here ,my average is .085,we should see a spike to 0.1 once this deal is finalized!

[illegal_alias]

It seems to be holding well at these levels. Adding at the bid or in between should work. Got lucky and picked up more in the .04s when someone dumped a few weeks back. Averaged at .051 now.

[jip53]

sure is ,Tempting to add here !

[illegal_alias]

Looking good today!

[jip53]

Email response from the bank rep. Today:

" pending regulatory approval"

deal is to close by end of 1st QTR 2015!

[illegal_alias]

any word on how the special meeting went in regard to the purchase of Eastside? I would imagine that it went thru.

[illegal_alias]

Forth quarter report available at https://www.firstsoundbank.com/investor_pdfs/36957_FSBB_Report_R2.pdf

[illegal_alias]

Been cold and miserable week. Then went to 70 yesterday and will be back down in the 20s overnight tonight. Back to the 50s on Saturday and no freezing temps in the 10-day forecast after that. See-saw ride like NGB the past couple of weeks.

Need to get cracking in the garden. Will get onions in this weekend and prepping the other raised beds.

Meanwhile FSWA looking good. Bid creeping up.

[BigCat]

Sounds like a good plan IA. Away from work for a few more days up here in the north. Just a low key wkd for me as well.

[illegal_alias]

Plan to stay warm this weekend. Snow on ground - schools, bizness, govt, others closed or delayed most of the week and going down to 17 degrees tonight. Probably start planning our garden for spring/summer - 15 raised beds.

[BigCat]

You're welcome IA... I noticed that, a few nice little taps there.

Happy Friday, any big plans heading into the weekend?

[illegal_alias]

Thanks for posting. Looks like buying at the ask has picked up this week.

[BigCat]

H.R. Brereton (Gubby) Barlow Joins First Sound Bank Board of Directors

SEATTLE, Feb. 26, 2015 /PRNewswire/ -- First Sound Bank (OTCBB; FSWA) today announced that Gubby Barlow will join its board of directors. "We couldn't be more honored and pleased that Mr. Barlow will join our board, " said First Sound Bank Chairman and CEO Pat Fahey. "His financial expertise and extensive executive experience will be a great asset going forward."
Barlow recently retired as CEO of Premera Blue Cross (headquartered in Mountlake Terrace, Washington) after 17 years with the company, where he first served as chief operating officer and executive vice president. He began his career with Deloitte & Touche in Cape Town, South Africa in 1973, was named a partner in 1982, and five years later transferred to the company's Los Angeles office. In 1991, Barlow joined Health Net in Woodland Hills, California, where he held several finance positions, including senior vice president and chief financial officer. Prior to joining Premera Blue Cross, he also served two years as senior vice president and chief financial officer at AHI Healthcare Systems, Inc. in Downey, California.

Widely respected for his community service and civic involvement, Barlow received the American Jewish Committee's prestigious Human Relations Award in 2011. In addition to chairing numerous non-profit fundraising campaigns for local organizations--including the American Heart Association, March of Dimes, United Way of Snohomish County and the American Diabetes Association--Barlow has devoted his time to serving on several health care industry boards, as well as on the advisory boards of the University of Washington's schools of business and nursing. He currently serves on the board of directors for the Implantable Provider Group.

Barlow graduated from the University of Cape Town with a Bachelor of Commerce degree in economics, a Master of Business Administration degree in finance, and several outstanding academic awards. He also is a graduate of both the Executive Program in Management and the Advanced Executive Program at the University of California in Los Angeles.

[illegal_alias]

56Chevy - congrats on your analysis of 2 years ago! I waited and am avg'd in at .049. They have been break even on/off over the last 3-4 qtrs. Maybe 2015 will be their turnaround year.

[Enterprising Investor]

My initial stake was bought last March.

I paid about $.12 per share, but it is small. The plan was to add closer to book value.

[jip53]

looks great now! ,we should see 0.1 plus soon!

[illegal_alias]

I'm averaged at .044 in one acct and .051 in another. I had been watching this for many months and put in first buy at .059. Thought it was too high at .15, but would love to see it get back there. If they could do even .01 EPS we could see 0.12-0.15, IMO.

[jip53]

nice day! ,almost even now my average is 0.085 ,holding almost the same number of shares as you!
go fswa!

[illegal_alias]

Figured it out. Had to be a shareholder of record Jan 13. I was thinking Feb 13. Bought first shares on Jan 16. Not that my 150K shares will make a difference. Just hope the share price keeps going up.