Congratulations to Washington Savings Association On Its 77th Consecutive Recommended Rating

December 2007: Coral Gables, FL. BAUERFINANCIAL, Inc., the nation’s leading independent bank rating and research firm, proudly announces that Washington Savings Association, Philadelphia, Pennsylvania has earned another 4-Star rating. Washington Savings Association has been recommended for 77 consecutive quarters. The 4-Star rating is based on the financial condition of the bank and indicates that it is one of the strongest banks in the country. “Washington Savings Association’s ability to earn our Recommended rating time and again speaks to its strength, stability and longevity,” said Karen L. Dorway, president of the research firm. “In a banking environment that is struggling with loan quality and delinquencies, it is an honor and a pleasure to recognize Washington Savings Association and the values it represents.” Washington Savings Association has been serving the financial needs of its neighbors and friends for 104 years. Established in 1903, it currently operates through five conveniently located offices in Philadelphia and can be found on the internet at www.washingtonsav.com. Washington Savings Association: “Serving the Community Since 1903.” BAUERFINANCIAL, INC., Coral Gables, Florida, the nation’s leading independent bank rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can they elude it. Consumers may obtain free star-ratings by calling 800.388.6686 or visiting www.bauerfinancial.com.

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