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Balance Sheet Cash Flow Statement 4201 Mitchellville Rd., Ste. 300 Bowie, MD 20716 MD Tel. 301-352-3130 Toll Free 888-843-7250 Fax 301-352-3110 |
Type: Public
On the web:
http://www.twsb.com
Employees:
122
Employee growth: (22.8%)
WSB Holdings was formed in 2008 to be the holding company for The Washington Savings Bank, a thrift with about five branches and a loan production office in Maryland's Baltimore/Washington, DC corridor. Targeting middle-class consumers and midsized businesses, it offers standard deposit services such as checking savings, money market, and retirement accounts, and certificates of deposit. Although the bank has traditionally focused on single-family mortgages and construction loans, it has diversified its loan portfolio amid the troubled housing market; commercial loans now account for the largest portion of its portfolio. Chairman William Harnett owns more than 40% of WSB Holdings.
Key numbers for fiscal year ending July, 2008:
Sales: $14.7M
One year growth: (12.9%)
Net income: $0.2M
Income growth: (91.7%)
Officers:
Chairman, WSB Holdings and The Washington Saving Bank: William J. Harnett
CEO and Director; CEO and Director, The Washington Savings Bank: Phillip C. Bowman
SVP and CFO, WSB Holdings and The Washington Savings Bank: Carol A. Ramey
Competitors:
Bank of America
BB&T
PNC Financial
