Washington Banking Announces Fourth Quarter 2009 Conference Call and Webcast

Washington Banking Company (Nasdaq:WBCO), the holding company for Whidbey Island Bank, announced today that it will report fourth quarter results after the market closes on Thursday, January 28, 2010. Management will host a conference call on Friday, January 29 at 10:00 a.m. PST (1:00 p.m. EST) to discuss the results. The 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) 629-9722 at 10:00 a.m. PST for conference ID #4194489. 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 #4194489, where it will be archived for ninety days.

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 18 full-service branches located in five 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: Washington Banking Company
Jack Wagner - President & CEO
Rick A. Shields - EVP & CFO
360.679.3121