Timberland Bank

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Timberland Bank "Plant Your Future Here"

Address:
101 Ramsey Way
PO Box 245
Toledo, WA 98591

Hours
Monday - Thursday 9:00 AM - 5:00 PM
Friday 9:00 AM - 6:00 PM

24 Hour ATM

Night Deposit Box
Safe Deposit Boxes available

ABOUT US - OUR HISTORY

Safe, Secure and Financially Sound. These are strong accolades and we are proud to have earned the right to use them in describing Timberland Bank. Trusted since 1915. Another powerful designation in today's world and a milestone not celebrated by many banks. Southwest Washington Federal Savings and Loan was chartered over 94 years ago and is still headquartered at the corner of 7th and Simpson in Hoquiam, WA.

Through the years, the Hoquiam facility has undergone some physical changes, but the building that was constructed in 1965 still serves as the main branch office and headquarters for the bank.

Expansion of the bank took hold in 1969 when the Board of Directors appointed Clarence E. Hamre as President. The name was revised to Timberland Savings Bank and branch offices were opened in Forks and Aberdeen (1974), Montesano (1975), Ocean Shores (1977) and in Edgewood in 1980. The Forks office was later sold.

During the 1990's, the bank expanded into new market areas with branches opened in Auburn (1994), Puyallup/So. Hill (1996) and Lacey in 1997. In addition, a loan center opened in Port Orchard and has since become the full service branch now located in Poulsbo. In 1999 a new office opened in Spanaway, WA and became known as the Bethel Station branch.

In January 1998, Timberland Savings Bank converted to a state chartered stock savings bank owned by Timberland Bancorp, Inc. Soon after, the name was revised to Timberland Bank to better reflect the full range of products and services we offer. Timberland stock is publicly traded on the NASDAQ Stock Exchange under the ticker symbol "TSBK." The bank has been recognized for solid performance since inception.

As the century was about to change, the bank extended its footprint in Pierce and Thurston counties with new branches opening in Tumwater (2001), Silverdale, Olympia (2003) and Gig Harbor (2004).

In 2003, after 34 years of service, Mr. Hamre announced his retirement. Executive Vice President Michael R. Sand, who has been with the bank for over 25 years, was unanimously elected President.

In the fall of 2004, the bank agreed to purchase seven branches from Venture Bank which added in-market branches and expanded the growing network of community locations into Lewis County.

Our 22nd full service location opened in May 2009 at Libery Plaza in Chehalis, WA. Timberland Bank now operates in six counties of Western Washington and has assets of $675,700 as of June 30, 2009.

The Seattle Times, Puget Sound Business Journal and Washington CEO magazine have each recognized Timberland Bancorp as a Top 100 Northwest company.

OUR PHILOSOPHY

Timberland Bank was founded in 1915 to serve the financial needs of individuals, families and businesses in greater Grays Harbor, Washington.

Ninety years later, the commitment continues. We've now expanded to 21 full service locations in six counties of western Washington but our philosophy today remains the same.

OUR PRIVILEGE
We believe it is our privilege to serve you, our customers, and our communities and to provide solutions for every financial need. We are large enough to offer comprehensive banking products and services, yet small enough to know our customers individually and to care.

OUR GROWTH
Our success and continued growth comes from listening to our customers, understanding their needs, and responding with quality financial solutions that are competitive, timely and safe.

OUR PRODUCTS AND SERVICES
Our products and services, branch locations, and hours of operation are set for the convenience of our valued customers. While we embrace new technologies such as 24 Hr. Touch Tone Banking, Online Banking and Bill Pay, our focus remains on providing extraordinary personal service through knowledgeable, professional staff. Our goal is more than just creating satisfied customers; it is to create mutually satisfying long-term banking relationships with our neighbors, our friends, and our communities.

OUR COMMITMENT
Our expansion into neighboring communities not only increases our reach in western Washington, it also reflects our commitment to the continued growth of our community banking philosophy, where decisions are made locally and community involvement is encouraged.

OUR STEWARDSHIP
We strongly believe in giving back to the communities we serve by investing our time, talents and treasures into the organizations and events that enrich our lives and make our communities strong. Each year the bank earmarks thousands of dollars for charitable giving to assist with local needs.

Our President
Mr. Michael R. Sand was unanimously elected President of Timberland Bank in January of 2003. He began his banking career at Timberland in 1977 when there were only four branch offices. Through the years, Mr. Sand has served the bank in many capacities, from loan officer to branch manager, then as a commercial banker. He has been an integral part of our significant growth.

In 1976 Mr. Sand graduated from the University of Puget Sound with a BA in Economics. He received his Masters of Business Administration in 1981 and graduated from the Pacific Coast Banking School.

Mr. Sand is a long-time Grays Harbor community leader and shares his vision and business leadership with a number of organizations. He serves on the Board of Directors of the Grays Harbor YMCA and the Grays Harbor Community Hospital Foundation. He also serves as a member of the board of NeighborWorks of Grays Harbor County, a board that actively advocates for housing issues. Mr. Sand is a member of Hoquiam Lions Club and Past President of the Grays Harbor Chamber of Commerce.

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