First Sound Bank
FSWA
Other OTC6.70
USD
+0.03
- -
First Sound Bank
FSWA
(Other OTC)
Recent
price
6.70
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- First Sound Bank (OTCPK:FSWA), headquartered in Seattle, Washington and founded in 2004, operates as an independent community bank offering a full suite of commercial and private banking services; these include customized deposit accounts such as checking, savings and certificates of deposit; commercial loans including lines of credit, term loans and real estate financing; cash management services; online banking platforms; treasury management solutions; and merchant processing for small- to medium-sized businesses, not-for-profit organizations, entrepreneurs and professional service firms primarily in the Puget Sound market through its single downtown Seattle branch. The bank maintains FDIC insurance and focuses on the Seattle-Bellevue-Everett metropolitan statistical area with approximately $160-175 million in assets and 17 employees. In a major strategic development, shareholders approved the acquisition by Harborstone Credit Union in November 2023, under which Harborstone agreed to purchase substantially all assets and assume substantially all liabilities for approximately $6.90-$7.10 per share in cash, subject to adjustments; the transaction, initially expected to close in early 2024 pending regulatory approvals, represents a shift from a previously terminated 2022 merger attempt with BM Technologies.