| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Washington Banking Corporation |
| 1421 S.W. Barlow Street, Oak Harbor, WA 98277 * (360) 679-3121 |
| The company is a bank holding for the Whidbey Island Bank. The bank conducts a full-service commercial banking business. The Company provides a full range of commercial banking services to small and medium-sized businesses, professionals and others. |
| Manager | Tier | Phone |
| Ryan, Beck & Co. | Lead Manager | (201) 325-3000 |
| NASNTL: | WBCO | Financial: | SIC 6712 | |
| Type of Shares: | Common Shares | Filing Date: | 4/10/98 | |
| U.S. Shares: | 1,200,000 | Offer Date: | 6/23/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | - | |
| Primary Shares: | 1,200,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.40 | |
| Offering Amount: | Selling: | |||
| Expenses: | - | Reallowance: | ||
| Post-IPO Shares: | - | |||
| Employees: | 116 |
| Issuer's Law Firm: | Gordon, Thomas, Honeywell, Malanca, Peterson |
| Bank's Law Firm: | Breyer & Aguggia |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $9.15 | Assets: | $160.07 | ||
| Net Income: | $1.90 | Curr Assets: | |||
| EPS: | $1.02 | Liabilities: | $147.03 | ||
| Prior EPS: | $0.84 | Curr Liab: | $146.39 | ||
| Cash Flow/Oper: | $2.83 | Equity: | $13.04 | ||
| Cash Flow/Fin: | $40.74 | Cash: | $6.26 | ||
| Cash Flow/Inv: | -$41.51 | ||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to support the anticipated future growth of the bank and for general corporate purposes. |