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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: April 30, 1999
WASHINGTON BANKING COMPANY
(Exact name of registrant as specified in its charter)
WASHINGTON
(State or other jurisdiction of incorporation)
000-24503 91-1725825
(Commission File Number) (IRS Employer Identification No.)
1421 S.W. BARLOW STREET
OAK HARBOR, WASHINGTON 98277
(Address of principal executive offices) (Zip Code)
(360) 679-3121
Registrant's telephone number, including area code
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FORM 8-K
WASHINGTON BANKING COMPANY
OAK HARBOR, WASHINGTON
APRIL 30, 1999
ITEM 5. OTHER EVENTS
On April 29, 1999, the Board of Directors of Washington Banking Company
(the "Company") authorized the management of the Company to repurchase up to
210,000 shares of the Common Stock of the Company. The Company expects to make
purchases through open-market transactions based upon market conditions and
subject to Rule 10b-18 of the Securities Act of 1934. There can be no assurance
that the Company will acquire all of the shares which it has been authorized to
repurchase. The full text of the Company's press release is attached as Exhibit
99.1 which is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
99.1 Press release dated April 30, 1999 issued by the Company regarding the
Company's Common Stock repurchase program.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
WASHINGTON BANKING COMPANY
(Registrant)
Date: May 3, 1999 By: /s/ Michal D. Cann
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Michal D. Cann
President and Chief Executive
Officer
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