BREMERTON, Wash., Sept. 12, 2008 (GLOBE NEWSWIRE) -- Bremerton-based Westsound Bank, the operating subsidiary of WSB Financial Group (Nasdaq:WSFG), has announced the appointment of Lynn Currie and Brian McLellan as business development officers.
McLellan is a founding director of the bank and retired from that post to accept this position. He will be assigned to the central Kitsap area.
Lynn Currie was raised in Port Angeles and has been active in the banking industry for more than twenty years, Currie most recently worked in real estate. She will be assigned to support the Westsound Bank branch offices in Kitsap and Clallam Counties.
"We are pleased to add these two experienced professionals to our team," said Terry Peterson, president and CEO of Westsound Bank. "Both bring a wealth of knowledge to this new position," Peterson continued.
McLellan owned and operated several media companies in Seattle before moving to Mason County with his wife of 36 years; he served two tours in Viet Nam with the Special Forces. He and his wife have two grown sons and two grandchildren.
Currie is known as the veteran's specialist(tm) and works with veterans in the community. Currie hosts an annual "Support our Veterans Blood Drive and Barbecue" in Bremerton.
Both appointments are effective immediately. McLellan can be reached at (253) 549-6436 and Lynn Currie at (360) 620-9584.
ABOUT WSB FINANCIAL GROUP, INC. WSB Financial Group, Inc., based out of Bremerton, Washington, is the holding company for Westsound Bank. The company was founded in 1999, and currently operates nine full service offices located within 5 contiguous counties within Western Washington. Our website is http://www.westsoundbank.com.
This news release may contain "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements describe management's expectations regarding future events and developments such as the proposed settlement of the securities class action lawsuit and success of the Company's business plan. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. The words "should," "anticipate," "expect," "will," "believe," and words of similar meaning are intended, in part, to help identify forward-looking statements. Future events are difficult to predict, and the expectations described above are subject to risks and uncertainties that may cause actual results to differ materially. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the proposed settlements or that otherwise may indirectly bear on the proposed settlements because of their impact on WSB Financial's operating results, performance or financial condition, are conditions that may be imposed by the court in granting preliminary or final approval of the proposed settlement; the outcome of pending governmental investigations, including by the Securities and Exchange Commission and the United States Attorney's Office for the Southern District of New York, and a review by the Department of Labor; potential indemnification obligations and limitations of the Company's director and officer liability insurance; material weaknesses in the Company's internal control over financial reporting; the Company's ability to implement remedial measures necessary to improve its processes and procedures; continuing negative publicity. In addition to discussions about risks and uncertainties set forth from time to time in the Company's filings with the Securities and Exchange Commission, factors that may cause actual results to differ materially from those contemplated in these forward-looking statements include, among others: (1) local and national general and economic conditions; (2) changes in interest rates and their impact on net interest margin; (3) competition among financial institutions; (4) legislative or regulatory requirements; (5) pending litigation; (6) reductions in loan demand or deposit levels; and (7) changes in loan collectibility, defaults and charge-off rates. WSB Financial Group, Inc. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made. Any such statements are made in reliance on the safe harbor protections provided under the Securities Exchange Act of 1934, as amended.