5,000,000 Shares Washington Banking Company Common Stock (No Par Value) EQUITY UNDERWRITING AGREEMENTEquity Underwriting Agreement • November 25th, 2009 • Washington Banking Co • State commercial banks • New York
Washington Banking Company, a Washington corporation (the “Issuer”), proposes to sell to the several underwriters (the “Underwriters”) named in Schedule I hereto for whom you are acting as representative (the “Representative”) an aggregate of 5,000,000 shares (the “Firm Securities”) of the Issuer’s Common Stock, no par value (the “Common Stock”). The respective amounts of the Firm Securities to be so purchased by the several Underwriters are set forth opposite their names in Schedule I hereto. The Issuer also proposes to sell at the Underwriters’ option an aggregate of up to 750,000 additional shares (the “Option Securities”) of the Issuer’s Common Stock as set forth below.
