|
|
Article: Washington Federal Savings Dismisses All Claims Against First Sound Bank in Puget Sound Leasing Co., Inc. Dispute.
- Article from:
- PR Newswire
- Article date:
- September 28, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SEATTLE, Sept. 28 /PRNewswire-FirstCall/ -- On September 24, 2009, First Sound Bank and Washington Federal Savings agreed to settle and dismiss all claims that Washington Federal had previously filed against First Sound Bank.
Washington Federal's claims arose out of First Sound Bank's March 2008 acquisition of Puget Sound Leasing Co., Inc. assets. Washington Federal was the most significant purchaser of lease portfolios from First Sound Bank's Leasing Division following the acquisition and during the time when Louis Secord had management authority for the Leasing Division. Accordingly, resolution of Washington Federal's claims represents an important step in ...