0001410087-12-000037.txt : 20121231 0001410087-12-000037.hdr.sgml : 20121231 20121228174421 ACCESSION NUMBER: 0001410087-12-000037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121228 ITEM INFORMATION: Other Events FILED AS OF DATE: 20121231 DATE AS OF CHANGE: 20121228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sound Financial Bancorp, Inc. CENTRAL INDEX KEY: 0001541119 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35633 FILM NUMBER: 121291917 BUSINESS ADDRESS: STREET 1: 2005 FIFTH AVENUE STREET 2: 2ND FLOOR CITY: SEATTLE STATE: WA ZIP: 98121 BUSINESS PHONE: 206-448-0884 MAIL ADDRESS: STREET 1: 2005 FIFTH AVENUE STREET 2: 2ND FLOOR CITY: SEATTLE STATE: WA ZIP: 98121 8-K 1 sfbc8k122212.htm SOUND FINANCIAL BANCORP, INC. FORM 8-K sfbc8k122212.htm
UNITED STATES
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 (Date of earliest event reported): December 28, 2012


SOUND FINANCIAL BANCORP, INC.
(Exact name of registrant as specified in its charter)


Maryland
  
001-35633
  
45-5188530
(State or other Jurisdiction of Incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)
     
2005 5th Avenue, Second Floor, Seattle, Washington
  
98121
(Address of Principal Executive Offices)
  
(Zip Code)

Registrant’s telephone number, including area code: (206) 448-0884

N/A
(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
 
 


 
Item 8.01.  Other Events

On December 28, 2012, Sound Financial Bancorp, Inc. announced that its wholly owned subsidiary, Sound Community Bank, has been approved by the Washington State Department of Financial Institutions for a conversion from a Federal Thrift Charter to a Washington State Commercial Bank Charter.  The conversion will take place immediately.
 
The foregoing description is qualified in its entirety by reference to the press release, a copy of which is filed as Exhibit 99.1 hereto and incorporated by reference herein.


 
Item 9.01.  Financial Statements and Exhibits

(d)           Exhibits
 

 
99.1
Press Release Dated December 28, 2012.


 
2
 

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.
 

     
SOUND FINANCIAL BANCORP, INC.
         
         
Date:
December 28, 2012
  
By:
  /s/ Laura Lee Stewart
 
        President and Chief Executive Officer




 


 
3
 
 
EXHIBIT INDEX
 

Exhibit No.
  
Description
     
99.1  
Press Release Dated August 22, 2012.
     


EX-99.1 CHARTER 2 sfbcex991.htm EXHIBIT 99.1 sfbcex991.htm
Sound Community Bank to Convert to State Commercial Charter



SEATTLE, WA, December 28, 2012 - - Sound Community Bank and its holding company, Sound Financial Bancorp (the “Company”)(NASDAQ: SFBC), announced today the Bank has been approved by the Washington State Department of Financial Institutions (DFI) for a conversion from a Federal Thrift Charter to a Washington State Commercial Bank Charter.  The conversion will take place immediately.

The Company expects that the charter conversion will not have substantial impact on the Bank’s current activities, products and services.  There will also be no changes to the terms and conditions of loan and deposit accounts, although the Bank expects certain annual cost savings related to regulatory fees as a result of the conversion.

Laurie Stewart, President and CEO said today, “In addition to the cost savings and slightly more flexibility in commercial lending, there are benefits to being regulated locally.  As a community bank doing business in Washington, we believe the DFI has an understanding of issues facing banks in our state.  If we want to talk to the regulator we simply go across the street instead of across the country.”

As a result of the conversion, DFI will be the primary regulator for Sound Community Bank.  The Federal Deposit Insurance Corporation (FDIC) will continue to provide deposit insurance.  The Holding Company will continue to be regulated by the Federal Reserve Bank.

Sound Community Bank is a Seattle based community bank, providing personal and business banking services in King, Pierce, Snohomish and Clallam Counties, and on the web at www.soundcb.com.



For additional information:

Media Contact:
Laurie Stewart
(206) 448-0884 x306