Washington Banking Company operates as the bank holding company for Whidbey Island Bank that provides community commercial banking services. Its deposit products include interest-bearing demand and money market accounts, saving deposits, time deposits, NOW accounts, and noninterest-bearing demand deposits. The company’s portfolio of loans comprises secured and unsecured commercial loans for working capital and expansion; real estate mortgage loans, including one-to-four family residential and commercial real estate loans; and real estate construction loans, such as commercial real estate, one-to-four family residential construction, land development, and raw land loans. Its consumer loan portfolio include automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and other secured and unsecured personal loans, as well as SBA guaranteed loans for small and medium sized businesses. In addition, the company provides non-deposit managed investment products and services, and sweep investment options. As of September 6, 2012, it operated 30 bank branches in 6 counties located in northwestern Washington. The company was founded in 1961 and is headquartered in Oak Harbor, Washington.