PE pennies

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FSWA - .05 - One of interest...

Shares Outstanding 2,214,288 a/o May 03, 2007

Wash. banks struggle to repay TARP fundsDate: Wednesday, December 29, 2010, 11:29am PST

First Sound Bank has missed four payments in a row and owes $370,000 in dividend payments
http://www.bizjournals.com/seattle/blog/2010/12/wash-banks-struggle-to-repay-tarp-funds.html

Read more: Wash. banks struggle to repay TARP funds | Puget Sound Business Journal

https://www.firstsoundbank.com/index.html

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February 25, 2008

SEATTLE, Feb 25, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --

The Board of Directors of First Sound Bank (OTC Bulletin Board: FSWA) has declared a five percent stock dividend, payable on May 14, 2008 to shareholders of record on May 7, 2008.

"Following on the heels of such a great 2007, in which our net income increased by more than $1.1 million, we're pleased to reward our shareholders with a five percent stock dividend," said First Sound Bank Chairman and CEO Don Hirtzel. "This is consistent with both our long-term goal of enhancing shareholder value and our tradition of continuing to reward loyal shareholders."

First Sound Bank was founded in July 2004 with initial oversubscribed investor capital of $20 million -- at the time, the most equity ever raised by a de novo bank in the Northwest. Then, in the fall of 2006, the bank raised another oversubscribed $11 million in capital to fund future expansion in the region. With over $183 million in assets, the bank serves clients with a dedicated 36-person staff located in its downtown Seattle office, and through a statewide network of 463 correspondent bank affiliates.

Certain statements in this press release, including statements regarding the anticipated development and expansion of First Sound Bank's business, and the intent, belief or current expectations of the company, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

About First Sound Bank

First Sound Bank is a Seattle-based bank offering customized banking for small- to medium-sized businesses, organizations, not-for-profits and professionals in the Puget Sound region. Founded by a team of veteran local banking executives, First Sound 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 http://www.firstsoundbank.com plus an expansive banking network in the western U.S., as well as ATM banking throughout the country and abroad.

SOURCE First Sound Bank

http://www.firstsoundbank.com
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