Venture Financial Group, Inc.

Type: Private
On the web: http://www.venture-bank.com
Employees: 294
Employee growth: 17.6%

Venture Financial Group is the holding company for Venture Bank, which serves businesses and consumers in the Puget Sound area of Washington State. The bank has about 20 locations in King, Lewis, Pierce, and Thurston counties, from which it offers standard deposit products including checking and savings accounts and check cards. Construction loans account for about half of the bank's lending portfolio, while real estate loans (primarily commercial mortgages) account for another third. Venture Wealth Management provides investment products and services including asset management and brokerage. In 2007 Venture Financial Group postponed its planned IPO indefinitely, citing adverse market conditions.

Key numbers for fiscal year ending December, 2007:
Sales: $91.4M
One year growth: 24.7%
Net income: $11.8M
Income growth: 6.2%

Officers:
Chairman and CEO; Chairman, Venture Bank: Ken F. Parsons Sr.
President and Director; President and CEO, Venture Bank: James F. Arneson
EVP and CFO, Venture Financial and Venture Bank: Sandra L. Sager

Competitors:
Bank of America
Washington Mutual