Washington Bancorp (WBIO/WBIO.PK) Wrap Up:

Washington Bancorp operates as a holding bank for Washington Federal Savings Bank (Washington Federal) and Rubio Savings Bank of Brighton (Rubio). Washington Federal attracts deposits from the general public in its local market areas and uses such deposits primarily to invest in one to four family residential loans secured by owner occupied properties and non-residential properties, as well as construction loans on such properties. It also makes commercial loans, consumer loans, automobile loans, and has occasionally been a purchaser of fixed-rate mortgage-backed securities. Rubio attracts deposits from the general public and businesses in its local market area. The deposits are primarily in...