SEATTLE--(BUSINESS WIRE)-- Sound Community Bank, a subsidiary of Sound Financial Inc. (OTCBB:SNFL), announced today that it is purchasing the Port Angeles Office of 1st Security Bank of Washington. In the transaction, Sound Community Bank will acquire the 1st Security Bank deposits, deposit-related loans and the branch facility located at 1405 E. Front Street.

Joe Adams, Chief Executive Officer of 1st Security Bank noted, "Sound Community Bank was clearly looking to expand their presence on the peninsula, while we've been seeking to re-focus on our core business markets located in the central Puget Sound corridor. It's a win-win for both banks. We also feel good that our customers in Port Angeles will be served by a company that shares our strong commitment to high quality customer service."

Sound Community Bank President and CEO Laurie Stewart added, "We're really excited about becoming a part of the Port Angeles Community. Our Sequim office already has a nice following in Port Angeles and this opportunity provides us a way to better service them. The addition of the 1st Security branch gives us a great head start and allows us to significantly accelerate our business plan on the peninsula."

The transaction remains subject to regulatory approval and is expected to close in the second quarter of 2009. Sound Community Bank had previously announced its expansion into Port Angeles. The new full-service Port Angeles branch is currently under construction at 110 N. Alder Street.

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 and Clallam Counties, and is on the web at www.soundcb.com.

1st Security Bank of Washington, based in Mountlake Terrace, provides a full range of banking services to individuals and businesses. It has branches throughout the Puget Sound area. More information can be found at www.fsbwa.com.

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    Source: Sound Community Bank