SFBC

Sound Financial Bancorp, Inc. Announces Adoption of New Stock Repurchase Program

Retrieved on: 
Friday, January 26, 2024

Under the Company’s existing stock repurchase program, scheduled to expire on January 31, 2024, the Company has repurchased 107,735 shares of common stock at an aggregate cost of approximately $4.0 million.

Key Points: 
  • Under the Company’s existing stock repurchase program, scheduled to expire on January 31, 2024, the Company has repurchased 107,735 shares of common stock at an aggregate cost of approximately $4.0 million.
  • The Board also authorized management to enter into one or more trading plans, in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, to facilitate repurchases pursuant to the new stock repurchase program ("Rule 10b5-1 plan").
  • The actual timing, number and value of shares repurchased under the new stock repurchase program will depend on a number of factors, including constraints specified in any Rule 10b5-1 plan, price, general business and market conditions, and alternative investment opportunities.
  • The new stock repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.

Stewart Elected to Serve on the Head Office Board of Directors for the Federal Reserve Bank of San Francisco

Retrieved on: 
Tuesday, January 23, 2024

SEATTLE, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Federal Reserve Bank of San Francisco elected Laura Lee (Laurie) Stewart, president and chief executive officer of Sound Community Bank / Sound Financial Bancorp, to its Head Office Board of Directors, effective January 1, 2024.

Key Points: 
  • SEATTLE, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Federal Reserve Bank of San Francisco elected Laura Lee (Laurie) Stewart, president and chief executive officer of Sound Community Bank / Sound Financial Bancorp, to its Head Office Board of Directors, effective January 1, 2024.
  • “Serving on the Federal Reserve Bank of San Francisco’s Head Office Board of Directors is truly a privilege.
  • Seattle-based Sound Community Bank serves 25,000 households and businesses through nine retail banking locations and loan production offices located in the Greater Puget Sound area.
  • Most recently, Ms. Stewart served two consecutive terms on the Seattle Branch Board of Directors for the Federal Reserve Bank of San Francisco.

Laurie Stewart Named One of American Bankers “Most Powerful Women to Watch”

Retrieved on: 
Friday, September 29, 2023

SEATTLE, Sept. 28, 2023 (GLOBE NEWSWIRE) -- American Banker Magazine named Laurie Stewart, President and CEO of Sound Community Bank, as one of 2023’s “Most Powerful Women to Watch.”

Key Points: 
  • SEATTLE, Sept. 28, 2023 (GLOBE NEWSWIRE) -- American Banker Magazine named Laurie Stewart, President and CEO of Sound Community Bank, as one of 2023’s “Most Powerful Women to Watch.”
    The “Most Powerful Women to Watch” ranks top-performing female executives whose governance continues to shape the banking industry throughout the country.
  • In this span, Stewart led the organization's conversion from a $38 million dollar credit union to a $1 billion publicly traded commercial bank.
  • Active in the industry, Ms. Stewart was one of 14 bankers selected to serve on the inaugural FDIC Community Bank Advisory Board.
  • Ms. Stewart has been recognized in the Most Powerful Women in Banking continuously since 2017.

Sound Financial Bancorp, Inc. Announces Extension of Stock Repurchase Program

Retrieved on: 
Wednesday, July 26, 2023

SEATTLE, July 25, 2023 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the “Company”), the parent holding company of Sound Community Bank, today announced that its Board of Directors extended the Company’s current stock repurchase program, scheduled to expire on July 31, 2023, to January 31, 2024.

Key Points: 
  • SEATTLE, July 25, 2023 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the “Company”), the parent holding company of Sound Community Bank, today announced that its Board of Directors extended the Company’s current stock repurchase program, scheduled to expire on July 31, 2023, to January 31, 2024.
  • Since the program’s inception, the Company has repurchased 82,534 shares of common stock at an aggregate cost of $3.1 million, leaving approximately $0.9 million available for future stock repurchases.
  • Laurie Stewart, the Company’s President and Chief Executive Officer, commented, “The extension of our stock repurchase program demonstrates the confidence that the Board, management, and I have in the future of the Company.
  • The repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.

Sound Financial Bancorp, Inc. Announces Annual Shareholders Meeting Date

Retrieved on: 
Friday, February 17, 2023

SEATTLE, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ: SFBC) (the “Company”) announced today that the Company’s annual meeting of shareholders will be held on Wednesday, May 31, 2023.

Key Points: 
  • SEATTLE, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ: SFBC) (the “Company”) announced today that the Company’s annual meeting of shareholders will be held on Wednesday, May 31, 2023.
  • The voting record date for shareholders entitled to vote at the annual meeting will be March 31, 2023.

Sound Financial Bancorp, Inc. Announces Increase and Extension of Stock Repurchase Program

Retrieved on: 
Saturday, January 28, 2023

SEATTLE, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the “Company”), the parent holding company of Sound Community Bank, today announced that its Board of Directors extended the Company’s current stock repurchase program, scheduled to expire on January 31, 2023, to July 31, 2023.

Key Points: 
  • SEATTLE, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the “Company”), the parent holding company of Sound Community Bank, today announced that its Board of Directors extended the Company’s current stock repurchase program, scheduled to expire on January 31, 2023, to July 31, 2023.
  • Since the program’s inception, the Company has repurchased 49,700 shares of common stock at an aggregate cost of $1.9 million, leaving approximately $2.1 million available for future stock repurchases.
  • The timing, number and price of shares repurchased under the stock repurchase program will depend on a number of factors, including the terms of any Rule 10b5-1 trading plan adopted by the Company, general business and market conditions, and alternative investment opportunities.
  • The repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.

Sound Community Bank Develops New Navigator Deposit Account and Receives National Certification by Banking Advocates as Safe, Affordable Account

Retrieved on: 
Friday, October 21, 2022

Navigator is available through online banking and in every one of Sound Community Banks eight branches across the Olympic Peninsula and Seattle Metropolitan areas.

Key Points: 
  • Navigator is available through online banking and in every one of Sound Community Banks eight branches across the Olympic Peninsula and Seattle Metropolitan areas.
  • Providing safe, affordable, and convenient banking services to all members of our communities is a value we hold dear, said Laurie Stewart, President & CEO of Sound Community Bank.
  • Sound Community Banks offering of this terrific account brings them into the forefront of national banking access efforts, and we thank them.
  • 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.

Sound Community Bank Earns Top Team Award and Recognizes Laurie Stewart, President/CEO, as Part of American Banker’s Most Powerful Women in Banking Program

Retrieved on: 
Wednesday, October 5, 2022

SEATTLE, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Sound Community Bank, a subsidiary of Sound Financial Bancorp, Inc. (NASDAQ: SFBC), is pleased to announce that the bank has received two top honors from American Banker. For the fifth year in a row, Laurie Stewart, President & CEO, has been named one of the Most Powerful Women by American Banker. The Bank also received a Top Team honor as part of the 2022 Most Powerful Women program.

Key Points: 
  • For the fifth year in a row, Laurie Stewart, President & CEO, has been named one of the Most Powerful Women by American Banker.
  • The Bank also received a Top Team honor as part of the 2022 Most Powerful Women program.
  • American Banker recognizes leaders in financial services: The Most Powerful Women in Banking, The Most Powerful Women to Watch, The Most Powerful Women in Finance, and Top Teams.
  • With a banking community 850M strong, American Bankers content connects leaders online, in person, and in print every day.

Sound Financial Bancorp, Inc. Announces Increase and Extension of Stock Repurchase Program

Retrieved on: 
Wednesday, July 27, 2022

SEATTLE, July 26, 2022 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the Company), the parent holding company of Sound Community Bank, today announced that its Board of Directors approved an amendment to the Companys existing stock repurchase program to increase the authorized repurchase amount from $2.0 million to $4.0 million effective immediately and to extend the stock repurchase programs expiration date to January 31, 2023.

Key Points: 
  • SEATTLE, July 26, 2022 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the Company), the parent holding company of Sound Community Bank, today announced that its Board of Directors approved an amendment to the Companys existing stock repurchase program to increase the authorized repurchase amount from $2.0 million to $4.0 million effective immediately and to extend the stock repurchase programs expiration date to January 31, 2023.
  • The Company initially extended the expiration date of its stock repurchase program in April 2022 to October 29, 2022.
  • On July 26, 2022, the Board amended its stock repurchase program to increase the authorized repurchase amount to $4.0 million and to further extend the stock repurchase programs expiration date to January 31, 2023.
  • Since the stock repurchase programs inception through July 26, 2022, the Company has repurchased 49,700 shares at an aggregate cost of $1.9 million, leaving $2.1 million available.

Sound Community Bank Named Top Performing Bank and Top Philanthropist

Retrieved on: 
Thursday, May 26, 2022

SEATTLE, May 26, 2022 (GLOBE NEWSWIRE) -- Sound Community Bank is pleased to announce it placed 191st on American Banker magazines list of the Top 200 Publicly Traded Community Banks in the nation.

Key Points: 
  • SEATTLE, May 26, 2022 (GLOBE NEWSWIRE) -- Sound Community Bank is pleased to announce it placed 191st on American Banker magazines list of the Top 200 Publicly Traded Community Banks in the nation.
  • Of the small-sized companies who made the list, Sound Community Bank placed second.
  • At Sound Community Bank we believe we have a responsibility to sustain the communities where we do business.
  • 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.