Advertisement
HomeCollectionsWashington Savings Bank
IN THE NEWS

Washington Savings Bank

FEATURED ARTICLES
BUSINESS
October 17, 1992
Washington Savings Bank, of Waldorf, reported earnings for the fourth fiscal quarter that ended Sept. 30 that were more than double the level in the fourth quarter of 1991.The company's previous quarters were reduced after its accountants found a stock repurchase program required additional tax provisions for each of the first three quarters of this year.Three months ended 9/30/92.. .. .. Income .. .. .. .. .. Share'92 .. .. 339,000.. .. .. .. ..0.12'91 .. .. 159,000.. .. .. .. ..0.06% change .. +113.
ARTICLES BY DATE
BUSINESS
By Eileen Ambrose, The Baltimore Sun | December 7, 2012
It's the billion-dollar question for Maryland banks: Do they need at least that much in assets to survive? "Who knows what the magic number is? A billion, $1.5 billion, $750 million?" said Ronald Paul, chairman of Eagle Bancorp, parent of the second-largest Maryland-based bank, with $2.96 billion in assets. "I can tell you it is getting harder and harder for the smaller bank. " Banks of all sizes are feeling more pressure. Profits are squeezed by historically low interest rates meant to spur borrowing, yet loan demand still remains soft.
Advertisement
NEWS
By Andrea F. Siegel, The Baltimore Sun | November 10, 2010
Cash reportedly flew out of the window of a car chased by police Wednesday on the Baltimore-Washington Parkway, after a bank robbery in Millersville, police said. Around 10:30 a.m. a man went into the Washington Savings Bank in the 600 block of Old Mill Road, passed a robbery note, received cash and then fled onto Veterans Highway in a red Pontiac Firebird, said Justin Mulcahy, a county police spokesman. The car was spotted near I-97 and the Baltimore Beltway, Mulcahy said. Police chased the car on the Beltway and the Baltimore-Washington Parkway before the car pulled over on Route 32 and Broken Land Parkway in Columbia, where a man surrendered to officers, he said.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | September 10, 2012
Old Line Bancshares has reached an agreement to acquire WSB Holdings Inc., the parent of Washington Savings Bank, for about $49 million in cash and stock, the Bowie-based companies announced Monday. WSB, which has $374 million in assets and five branches, will be merged into Old Line Bancshares. Once the acquisition is completed — which is expected to happen in the second quarter of next year — Old Line will have more than $1.2 billion in assets and 24 branches in five Maryland counties, making it the fifth-largest independent commercial bank based in Maryland, the company said.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | September 10, 2012
Old Line Bancshares has reached an agreement to acquire WSB Holdings Inc., the parent of Washington Savings Bank, for about $49 million in cash and stock, the Bowie-based companies announced Monday. WSB, which has $374 million in assets and five branches, will be merged into Old Line Bancshares. Once the acquisition is completed — which is expected to happen in the second quarter of next year — Old Line will have more than $1.2 billion in assets and 24 branches in five Maryland counties, making it the fifth-largest independent commercial bank based in Maryland, the company said.
BUSINESS
By Julius Westheimer | February 16, 1993
The high-flying Dow Jones industrial average backed off from its Feb. 5 record closing high (3,442.14) in late trading last week, giving up 49.71 points for the week and closing at 3,392.43. Markets were closed yesterday in observance of Presidents Day.FEBRUARY FORECASTS: "The January rally will continue through February and try for a Dow Jones high of 3,467." (Long and Short Forecast) . . . "Don't get carried away." (S.& P. Outlook). "A steady inflow of capital should keep the Dow on a slight upward bias."
BUSINESS
By Eileen Ambrose, The Baltimore Sun | December 7, 2012
It's the billion-dollar question for Maryland banks: Do they need at least that much in assets to survive? "Who knows what the magic number is? A billion, $1.5 billion, $750 million?" said Ronald Paul, chairman of Eagle Bancorp, parent of the second-largest Maryland-based bank, with $2.96 billion in assets. "I can tell you it is getting harder and harder for the smaller bank. " Banks of all sizes are feeling more pressure. Profits are squeezed by historically low interest rates meant to spur borrowing, yet loan demand still remains soft.
BUSINESS
October 2, 1991
The Waldorf-based thrift said that its profits rose 152 percent during the three months that ended July 31, pushing the company's net income for fiscal 1991 to $479,000.The company earned $159,000, or 8 cents a share, during the fourth quarter of its fiscal year, up from $63,000, or 3 cents a share, during the same three months of 1990. The biggest contributors to the higher earnings were a $98,000 cut in general and administrative expenses and a $38,000 gain in non-interest income, according to the bank's earnings statement.
NEWS
December 22, 1996
Names in the newsRandy Landis was recently appointed mortgage loan officer of Severn Savings Bank FSB. He specializes in residential lending, particularly land acquisition, development and construction financing. Landis was formerly on the staff of Washington Savings Bank FSB, and completed his education at the University of Minnesota. He lives in Annapolis with his wife, Lois, and their three children. He is active in the Germantown Elementary School PTA.Pub Date: 12/22/96@
BUSINESS
February 18, 1993
The Washington Savings Bank F.S.B.This Waldorf-based thrift declared its first cash dividend yesterday. The 4-cents-per-share dividend will be paid March 8 to shareholders of record Feb. 26... .. .. .. .. ..Ticker.. .. .. .. .. .. Yesterday's.. .. .. .. .... Symbol .. .. .. .. .. .. Cls... .. .. ..Chg... .. .. .. .. ..WSBX .. .. .. .. .. .. 4 1/4 .. .. .. .. ..+1 1/2Period endedJan. 31 .. .. .. 2nd qtr.. .. .. .. .. .. Year ago.. .. .. Chg.Net Income.. .. .$628 .. .. .. .. .. .. .. .. $22..
NEWS
By Andrea F. Siegel, The Baltimore Sun | November 10, 2010
Cash reportedly flew out of the window of a car chased by police Wednesday on the Baltimore-Washington Parkway, after a bank robbery in Millersville, police said. Around 10:30 a.m. a man went into the Washington Savings Bank in the 600 block of Old Mill Road, passed a robbery note, received cash and then fled onto Veterans Highway in a red Pontiac Firebird, said Justin Mulcahy, a county police spokesman. The car was spotted near I-97 and the Baltimore Beltway, Mulcahy said. Police chased the car on the Beltway and the Baltimore-Washington Parkway before the car pulled over on Route 32 and Broken Land Parkway in Columbia, where a man surrendered to officers, he said.
BUSINESS
By Julius Westheimer | February 16, 1993
The high-flying Dow Jones industrial average backed off from its Feb. 5 record closing high (3,442.14) in late trading last week, giving up 49.71 points for the week and closing at 3,392.43. Markets were closed yesterday in observance of Presidents Day.FEBRUARY FORECASTS: "The January rally will continue through February and try for a Dow Jones high of 3,467." (Long and Short Forecast) . . . "Don't get carried away." (S.& P. Outlook). "A steady inflow of capital should keep the Dow on a slight upward bias."
BUSINESS
October 17, 1992
Washington Savings Bank, of Waldorf, reported earnings for the fourth fiscal quarter that ended Sept. 30 that were more than double the level in the fourth quarter of 1991.The company's previous quarters were reduced after its accountants found a stock repurchase program required additional tax provisions for each of the first three quarters of this year.Three months ended 9/30/92.. .. .. Income .. .. .. .. .. Share'92 .. .. 339,000.. .. .. .. ..0.12'91 .. .. 159,000.. .. .. .. ..0.06% change .. +113.
BUSINESS
October 2, 1991
The Waldorf-based thrift said that its profits rose 152 percent during the three months that ended July 31, pushing the company's net income for fiscal 1991 to $479,000.The company earned $159,000, or 8 cents a share, during the fourth quarter of its fiscal year, up from $63,000, or 3 cents a share, during the same three months of 1990. The biggest contributors to the higher earnings were a $98,000 cut in general and administrative expenses and a $38,000 gain in non-interest income, according to the bank's earnings statement.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.