WSFG WSB Financial Group, Inc., featured news, full reports, and detailed WSFG.O charts.
WSB Financial Group, Inc. (WSFG) Wrap Up:
No business description found.WSB Financial Group Inc. (WSFG*(Q):NASDAQ)
Snapshot of WSB Financial Group Inc. (WSFG)
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OPEN
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PREVIOUS CLOSE
$0.21
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DAY HIGH
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DAY LOW
--
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52 WEEK HIGH
05/27/08 - $4.00
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52 WEEK LOW
03/9/09 - $0.12
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MARKET CAP
1.2M
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AVERAGE VOLUME 3 mo
128.0K
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DILUTED EPS TTM
$-5.86
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SHARES OUTSTANDING
5.6M
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WSFG Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
WSFG Details
WSB Financial Group, Inc. operates as the holding company for Westsound Bank that provides various commercial banking services to real estate developers, contractors, small to medium-sized businesses, individuals, professionals, and professional firms in Washington. The company primarily engages in generating deposits and originating loans. Its deposit products include interest bearing and noninterest bearing demand deposits, money market accounts, savings deposits, and certificates of deposit. The companys lending activities comprise commercial and residential real estate loans, construction and land development loans, commercial and industrial loans, and consumer loans. It also offers cou...
WSFG Top Compensated Officers
Executives, Board Directors
Key developments for WSB Financial Group Inc. (WSFG)
On May 12, 2009, WSB Financial Group Inc received a letter from the NASDAQ Stock Market (NASDAQ) indicating that the Companys shares will be delisted from NASDAQ as a result of the recent, previously announced closure of the Companys wholly-owned subsidiary, Westsound Bank, by the State of Washington Department of Financial Institutions, Division of Banks, and the appointment of the Federal Deposit Insurance Corporation (FDIC) as receiver of the Bank, and the insolvency and expected liquidation of the Company. The Company does not intend to appeal NASDAQs decision to delist the Companys common stock. Therefore, trading in the Companys common stock will be suspended at the opening of business on May 21, 2009 and Form 25-NSE will be filed by NASDAQ with the Securities and Exchange Commission, which will remove the Companys securities from listing and registration on NASDAQ. In addition, trading in the Companys common stock has been halted by NASDAQ starting on Monday, May 11, 2009 and will remain so up to the suspension date.
WSB Financial Group Inc. announced that on May 8, 2009, Westsound Bank, the wholly-owned subsidiary of the company, was closed by the State of Washington, Department of Financial Institutions, Division of Banks and the Federal Deposit Insurance Corporation was appointed as receiver of the Bank. In addition, the company announced that on May 8, 2009, immediately following the closure of the Bank, all of the directors of Westsound Bank resigned from its board. Terry A. Peterson and Richard N. Christopherson also resigned from the board of directors of WSB Financial Group Inc., and the Chairman of the Board of Directors of WSB Financial Group Inc., Donald F. Cox, Jr., agreed to serve as interim president and chief executive officer of the company, replacing Mr. Peterson in that role.
On April 21, 2007, WSB Financial Group Inc.s executive vice president and chief financial officer, Mark D. Freeman, advised the company that he is resigning from the company effective May 1, 2009, to serve as the chief financial officer of another community bank in Eastern Washington. Effective May 2, 2009, the companys vice president and chief accounting officer, Janet M. Hobson, age 52, was promoted to also serve as the companys interim chief financial officer, subject to regulatory approval. Ms. Hobson has more than 25 years of experience in accounting including 4 years of public company reporting.
WSFG Competitors
| Company | Last | Change | |
| No competitor information is available for WSFG. | |||
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Industry Analysis
| Valuation | WSFG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | 0.0x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 4.1x |
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WSFG |
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WSFG transactions
| Type Date |
Target |
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Merger/Acquisition
May 8, 2009 |
Westsound Bank |
More Recent News About WSB Financial Group, Inc.
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Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against WSB Financial, Inc. (NASDAQ: WSFG)
On October 30, 2007, a class action lawsuit was filed in the United States District Court for the Western District of Washington against WSB...
Market Wire, 11/09/07 · More from publication -
Law Offices of Brian M. Felgoise, P.C. Announces Class Action Lawsuit Against WSB Financial, Inc. -- WSFG
Law Offices of Brian M. Felgoise, P.C. announces that a securities class action has been commenced on behalf of shareholders who acquired WSB...
Market Wire, 11/05/07 · More from publication -
A.M. Best Affirms Ratings of Western & Southern Financial Group, Inc. and Its Subsidiaries
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and the issuer credit rating (ICR) of...
Business Wire, 07/09/08 · More from publication -
Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Announces Class Action Lawsuit against WSB Financial Group, Inc
WASHINGTON -- The law firm Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has filed a lawsuit in the United States District Court for the Western...
Business Wire, 12/27/07 · More from publication -
A.M. Best Affirms and Assigns Ratings to Western & Southern Financial Group and Its Subsidiaries
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) of Western & Southern Financial Group, Inc.'s...
Business Wire, 06/14/07 · More from publication -
Daily Market Alert for WSB FINANCIAL GROUP.
M2 PRESSWIRE-15 December 2006-bellwetherreport.com: Daily Market Alert for WSB FINANCIAL GROUP(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:15122006...
M2 Presswire, 12/15/06 · More from publication -
A.M. Best Upgrades Rating of Lafayette Life Insurance Company Upon Merger with Western & Southern Financial Group
OLDWICK, N.J. -- A.M. Best Co. has upgraded the financial strength rating to A+ (Superior) from A (Excellent) of The Lafayette Life Insurance...
Business Wire, 06/16/05 · More from publication -
Fitch Upgrades Lafayette Life, Affirms Western & Southern Ratings; Outlook Stable
CHICAGO -- Fitch Ratings has affirmed the 'AA+' insurer financial strength ratings (IFS) of The Western and Southern Life Insurance Company and its...
Business Wire, 06/16/05 · More from publication -
A.M. Best Assigns Group Rating to Western & Southern Financial Group's Subsidiaries; Affirms Debt Ratings and Assigns Issuer Credit Rating to WSLIC
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Western & Southern Financial Group, Inc.'s...
Business Wire, 06/09/05 · More from publication -
Fitch Ratings Affirms Western & Southern Rtgs; Outlook Stable
CHICAGO -- Fitch Ratings has affirmed the 'AA+' insurer financial strength ratings of The Western and Southern Life Insurance Company and its...
Business Wire, 06/22/04 · More from publication