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Cox to succeed Weir as chairman of WSB Financial

WSB Financial Group (NASDAQ: WSFG), the parent company of Westsound Bank, recently announced that its board of drectors has named Donald F. Cox, Jr. to succeed Louis J. Weir as chairman. Weir decided not to stand for reelection and will retire from the board following the annual meeting on May 28, when his term expires.

“Lou’s contributions to West-sound Bank are immeasurable. As a founder of the company, he has served as the company’s chairman since 1999,” said Terry Peterson, President and CEO. “Lou has been a mentor for many of our employees and one of the company’s most loyal supporters. We thank Lou for his service and wish him all the best in his retirement.”

Donald F. Cox, Jr. was unanimously approved as the new chairman by the board of directors.

“Don’s experience as an investment advisor and a CPA have been valuable assets for the board over the past year, and we believe he will be a very effective leader going forward,” Peterson commented.

Cox is a principal of Cox & Lucy, a public accounting firm in Port Orchard, and of Pacific Asset Management L.L.C., a registered investment advisory firm with offices in Port Orchard and Kirkland, with $250 million of assets under management. He has been in private practice as an accountant since 1976 and is a certified public accountant and registered investment advisor. He was a founding director of The First National Bank of

Port Orchard, which was purchased by InterWest Bancorp in 1997.

Born and raised in Western Washington, Cox is a graduate of Central Washington University with a bachelor of arts degree in business administration. He is a past president of the Port Orchard Rotary Club and a past president of the First Lutheran Church Council.

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