Exhibit 10.20

                            WSB FINANCIAL GROUP, INC.

                              CORPORATE GOVERNANCE/
                          NOMINATING COMMITTEE CHARTER

1.   ROLE

The Corporate Governance/Nominating Committee's role is to determine the slate
of director nominees for election to the Company's Board of Directors and to
identify and recommend candidates to fill vacancies occurring between annual
shareholder meetings.

2.   MEMBERSHIP

The membership of the Committee consists of at least two (2) directors, each of
whom shall meet the independence requirements established by the Board and
applicable laws, regulations and listing requirements. The Board appoints the
members of the Committee and the chairman. The Board may remove any member from
the Committee at any time with or without cause.

3.   OPERATIONS

The Committee meets at least twice a year. Additional meetings may occur as the
Committee or its chair deems advisable. The Committee will cause to be kept
adequate minutes of all its proceedings, and will report on its actions and
activities at the next quarterly meeting of the Board. Committee members will be
furnished with copies of the minutes of each meeting and any action taken by
unanimous consent. The Committee is governed by the same rules regarding
meetings (including meetings by conference telephone or similar communications
equipment), action without meetings, notice, waiver of notice, and quorum and
voting requirements as are applicable to the Board. The Committee is authorized
and empowered to adopt its own rules of procedure not inconsistent with (a) any
provision of this Charter, (b) any provision of the Bylaws of the Company, or
(c) the laws of the state of Washington.

4.   AUTHORITY

The Committee will have the resources and authority necessary to discharge its
duties and responsibilities. The Committee has sole authority to retain and
terminate outside counsel, any search firm used to identify director candidates,
or other experts or consultants, as it deems appropriate, including sole
authority to approve the firms' fees and other retention terms. Any
communications between the Committee and legal counsel in the course of
obtaining legal advice will be considered privileged communications of the
Company and the Committee will take all necessary steps to preserve the
privileged nature of those communications.

The Committee may form and delegate authority to subcommittees and may delegate
authority to one or more designated members of the Committee.



5.   RESPONSIBILITIES

The principal responsibilities and functions of the Corporate
Governance/Nominating Committee are as follows:

     -    Annually evaluate and report to the Board on the performance and
          effectiveness of the Board to facilitate the directors' fulfilling
          their responsibilities in a manner that serves the interests of WSB
          Financial Group's shareholders.

     -    Annually present to the Board a list of individuals recommended for
          nomination for election to the Board at the annual meeting of
          shareholders, and for appointment to the committees of the Board
          (including this Committee).

     -    Before recommending an incumbent, replacement or additional director,
          review his or her qualifications, including capability, availability
          to serve, conflicts of interest, and other relevant factors.

     -    Assist in identifying, interviewing and recruiting candidates for the
          Board.

     -    Annually review the composition of each committee and present
          recommendations for committee memberships to the Board as needed.

     -    Periodically review the compensation paid to non-employee directors
          for annual retainers (including Board and committee Chairs) and
          meeting fees, if any, and make recommendations to the Board for any
          adjustments. No member of the Committee will act to fix his or her own
          compensation except for uniform compensation to directors for their
          services as such.

     -    Regularly review and make recommendations about changes to the charter
          of the Corporate Governance/Nominating Committee.

     -    Obtain or perform an annual evaluation of the Committee's performance
          and make applicable recommendations.

     -    Assist the Chairman of the Board, if the Chairman is a non-management
          director, or otherwise the Chairman of the Committee acting as Lead
          Independent Director, in leading the Board's annual review of the
          Chief Executive Officer's performance.

It is WSB Financial Group's intention that this Corporate Governance/Nominating
Committee Charter be its Corporate Governance/Nominating Committee Charter
complying with the standards set forth by Securities and Exchange Commission and
Nasdaq.