updated 4/4/2011 4:16:01 PM ET 2011-04-04T20:16:01

OAK HARBOR, Wash., April 4, 2011 (GLOBE NEWSWIRE) -- Washington Banking Company (Nasdaq:WBCO), the holding company for Whidbey Island Bank, today announced that it will report first quarter 2011 results after the stock market closes on Thursday, April 28, 2011. Management will host a conference call on Friday, April 29, 2011, at 10:00 a.m. Pacific time (1:00 p.m. ET) to discuss the results. This call will also be broadcast live via the internet.   

Investment professionals and all current and prospective shareholders are invited to access the live call by dialing (480) 629-9770 at 10:00 a.m. PT for conference ID #4430990. To listen to the call online, either live or archived, visit the Investor Relations page of Whidbey Island Bank's website at www.wibank.com . Shortly after the call concludes, the replay will also be available at (303) 590-3030, using access code #4430990.

ABOUT WASHINGTON BANKING COMPANY

Washington Banking Company is a bank holding company based in Oak Harbor, Washington, that operates Whidbey Island Bank, a state-chartered full-service commercial bank.  Founded in 1961, Whidbey Island Bank provides various deposit, loan and investment services to meet customers' financial needs. Whidbey Island Bank operates 30 full-service branches located in six counties in Northwestern Washington. In June 2009, Washington Banking was added to the Russell 2000 Index, a subset of the Russell 3000 Index. Both indices are widely used by professional money managers as benchmarks for investment strategies.

www.wibank.com

CONTACT: Jack Wagner - President & CEO
         Rick Shields - EVP & Chief Financial Officer
         360.679.3121

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