The CEO and president of Seattle’s Sound Community Bank has been named one of “the 25 most powerful women in banking” by American Banker magazine.
Laurie Stewart was recognized for growing the bank from a $38 million credit union to a $717 million publicly traded commercial bank. Stewart, who is currently vice chairperson of the American Bankers Association, will become chairperson later this month.
“The women selected for this honor are tackling tough business challenges with great success,” says Bonnie McGeer, executive editor of American Banker and chair of its Most Powerful Women in Banking and Finance program. “They are all standouts who bring vision to their work, and Laurie Stewart is certainly representative of that.”
Stewart, who joined the bank as president in 1989 when it was a credit union, is the only Puget Sound-area executive on the list.
Earlier this year, Seattle Business magazine honored Stewart with an Executive Excellence Award for her stewardship of the bank, which operates eight locations in Western Washington.
Sound Community Bank is the 29th-largest in Washington state in terms of deposits, with a 0.35% market share, according to the Federal Deposit Insurance Corp.