September 8, 2009 (FinancialWire) — Washington Banking Company (NASDAQ: WBCO), the holding company for Whidbey Island Bank, announced the filing of a shelf registration statement on form S-3 with the Securities and Exchange Commission.

“The shelf registration gives us flexibility in the capital raising process and affords the opportunity to potentially move quickly into the capital markets should an opportunity for expansion become available over the next few years,” said Jack Wagner, president and chief executive officer.

Washington Banking company’s shelf registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offering of the securities covered by the registration statement will only be arranged by means of a written prospectus.

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