Corporate Profile for Seafirst Bank, dated 6 Oct. 1995.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company and many others. -0- Published Date: 6 Oct. 1995 Company Name: Seafirst Bank Address: 701 Fifth Ave., Seattle, Washington 98124-1661 Main Telephone: 206/358-3000 Chairman & CEO: John V. Rindlaub CFO: Joan Enticknap
Investor Relations: Eric Durant, BankAmerica (Seafirst is a
BankAmerica affiliate), 415/624-0653
Public Relations: David Jimenez, Manager, Media Relations,
Tel: 206/358-7695,
Facsimile: 206/358-3697
Industry: Banking, financial Company Description: -------------------- Seafirst Bank Seafirst Corporation was a bank holding company based in Seattle, Washington. Formed on November 11, 1929, from the merger of Seattle's three largest banks, the First National Bank Group, the Dexter Horton National Bank (founded 1870 by Dexter Horton), and Seattle National was founded in 1870 by Dexter dexter /dex·ter/ (deks´ter) [L.] right; on the right side. dex·ter adj. Of or located on the right side. Horton when he installed a second-hand safe in his Seattle general store. Today, 125 years later, Seafirst operates Washington's largest consumer banking network and serves more than 1 million households. Seafirst has 270 branches that include 36 grocery store outlets, five self-service Banking Centers and 725 Automated Teller Machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs). Seafirst is also the leading business and real estate lender in the state and offers a wide range of trust, investment and capital management services. In 1973, Seafirst Corp. was organized under Washington state law as the holding company of the bank. Ten years later Seafirst became a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of California-based BankAmerica Corp. At June 30, 1995: Net income $172.9 million, year to date. Total Assets $ 32.3 billion, year to date. Total Loans $ 26.5 billion, year to date. Total Deposits $ 22.8 billion, year to date. On Oct. 2, 1995, Seafirst added 24-Hour Banker on Call, offering around-the-clock access to personal bankers. By calling 1-800-24 FIRST (in Seattle 24-FIRST), consumers reach a knowledgeable representative who can meet their needs. Any required paperwork, such as signature card for new checking accounts or signatures on loan applications is mailed to the customer. CONTACT: Seafirst Bank |
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