SOUND FINANCIAL BANCORP, INC. Named on American Banker Magazine’s Top 200 Publicly Traded Community Banks List

Rhea-AI Summary

Sound Financial Bancorp, the parent company of Sound Community Bank, announced its ranking as 197^th on American Banker's list of Top 200 Publicly Traded Community Banks. This ranking is determined by a three-year average return on equity as of December 31, 2020. CEO Laurie Stewart highlights the challenges and opportunities faced in 2020, praising the Bank's resilience and commitment to clients and communities. As of March 31, 2021, the Bank reported total assets of $936.7 million.

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• Ranked 197^th on American Banker's Top 200 Publicly Traded Community Banks list.
• Financial strength indicated by total assets of $936.7 million as of March 31, 2021.

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• None.

SEATTLE, June 16, 2021 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (Nasdaq: SFBC), the holding company of Sound Community Bank, is pleased to announce it placed 197^th on American Banker magazine’s list of the Top 200 Publicly Traded Community Banks in the nation. Ranking was based on a three-year average return on equity as of December 31, 2020.      

“2020 presented unparalleled opportunities and challenges for our Bank, clients, and communities. Our organization transformed almost seamlessly to meet the needs of these groups and is a testament to resilience, remaining nimble, strong commitment to our clients and communities, and affirming our partnerships, now and into the future,” remarked Laurie Stewart, President and CEO.

About Sound Community Bank
Established in 1953, Sound Community Bank is a full-service bank, providing personal and business banking services in communities across the greater Puget Sound region. The Seattle-based company operates banking offices in King, Pierce, Snohomish, Jefferson, Clallam, and Jefferson Counties, and on the web at www.soundcb.com. At March 31, 2021, Sound Financial Bancorp, Inc. reported total assets of $936.7 million.

For additional information:

Media Contact:
Brady Robb
Senior Vice President, Marketing Director
(206) 448-0884 ext. 202

FAQ

What is Sound Financial Bancorp's recent ranking on community banks?

Sound Financial Bancorp was ranked 197^th on American Banker's list of Top 200 Publicly Traded Community Banks.

What financial metrics were used for the ranking of Sound Financial Bancorp?

The ranking was based on a three-year average return on equity as of December 31, 2020.

What are the total assets reported by Sound Financial Bancorp as of March 31, 2021?

Sound Financial Bancorp reported total assets of $936.7 million as of March 31, 2021.

Who is the CEO of Sound Financial Bancorp?

The CEO of Sound Financial Bancorp is Laurie Stewart.

What challenges did Sound Financial Bancorp face in 2020?

According to the press release, 2020 presented unparalleled opportunities and challenges for Sound Financial Bancorp.