UNITED STATES SECURITIES AND EXCHANGE COMMISSION ~~WASHINGTON, D.C. 20549~~

~~FORM~~Washington, ~~8-K~~D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 orOR 15(d) of The ~~the~~ Securities Exchange Act of 1934

Date of Report ~~(Date of Earliest Event Reported)~~: ~~September 21~~January 31, ~~2007~~2008

WSB Financial Group, Inc. ~~__________________________________________ (Exact name of registrant as specified in its charter)~~

Washington	00133188	203153598
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
607 Pacific Ave., PO Box 405 , Bremerton, Washington		98337
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

(Exact name of registrant as specified in its charter)

~~Registrant’s~~Washington ~~telephone~~(State ~~number,~~of ~~including~~incorporation ~~area~~or ~~code:~~organization) ~~360~~001-33188 (Commission File Number) 20-3153598 (I.~~475~~R.~~9374~~S. Employer Identification No.)

~~Not~~607 ~~Applicable ______________________________________________ Former~~Pacific ~~name~~Avenue orBremerton, ~~former~~Washington ~~address,~~(Address ifof ~~changed~~principal ~~since~~executive ~~last~~offices) ~~report~~ 98337 (Zip Code)

Registrant’s telephone number, including area code: (360) 405-1200

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~[ ]~~ o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Top~~o Soliciting ofmaterial pursuant to Rule 14a-12(b) under the ~~Form~~Exchange Act (17 CFR 240.14a-12)

~~Item~~o Pre-commencement ~~1.02~~communications ~~Termination~~pursuant ofto aRule 14d-2(b) ~~Material~~under ~~Definitive~~the ~~Agreement~~Exchange Act (17 CFR 240.14d-2(b))

~~The~~o Pre-commencement ~~Registrant~~communications ~~hereby~~pursuant ~~furnishes~~to ~~its September 21, 2007 press release, attached as Exhibit 99.1.~~ Rule 13e-4(ac) Byunder ~~mutual agreement, effective September 20, 2007,~~ the ~~Registrant~~Exchange ~~and~~Act ~~Brett~~(17 ~~Green,~~CFR ~~Executive Vice President of Sales and Lending, have terminated Mr~~240. ~~Green’s Employment Agreement, entered into on September 27, 2006. The terms of Mr. Green’s departure include payment of his Base Compensation through December 31, 2007.~~ 13e-4(c))

Item 2.0502 ~~Costs~~Results ~~Associated~~of ~~with~~Operations ~~Exit~~and orFinancial ~~Disposal Activities~~Condition.

~~(a)~~ On ~~The Registrant announced September 21~~February 1, ~~2007~~2008, ~~that~~WBC itFinancial isGroup, ~~eliminating 33 jobs in its mortgage division~~Inc. ~~The~~ ~~date of~~ (the ~~Registrant’s~~“Company”) ~~commitment~~issued toa ~~the~~press ~~course~~release announcing ofits ~~action~~earnings and ~~the~~financial ~~facts~~results ~~and~~for ~~circumstances leading to~~ the ~~action~~fiscal ~~are~~quarter ~~set~~ended ~~forth~~September 30, in2007, ~~the~~its preliminary ~~press~~financial ~~release~~results ~~attached~~for asthe ~~Exhibit~~fiscal ~~99.1. The~~quarter ~~action~~and isyear ~~expected~~ended ~~to be completed on October 15~~December 31, 2007~~.(b)~~, ~~The~~and ~~Registrant~~the filing ~~will~~of ~~incur~~its ~~one-time~~quarterly ~~termination~~report ~~expenses~~on ~~not~~Form ~~to exceed $200~~10-Q,~~000.(c)~~ ~~The~~which ~~total~~includes ~~amount~~the ~~expected~~results toof ~~be incurred in connection with~~ the ~~action~~completion ~~will~~of ~~not~~an independent ~~exceed~~loan ~~$200,000~~evaluation. ~~(d)~~A ~~The~~copy ~~Registrant~~of ~~does~~the ~~not~~press ~~expect~~release ~~the~~is ~~action~~attached ~~will~~hereto ~~result~~as inExhibit 99.1 ~~future~~and ~~cash~~is incorporated ~~expenditures~~herein by reference.

The information furnished in this Item 2.02 and the press release attached hereto as Exhibit 99.1 is furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. Further, the information in this report (including the exhibit hereto) is not to be incorporated by reference into any of the Company’s filings with the Securities and Exchange Commission, whether filed prior to or after the furnishing of this Form 8-K, regardless of any general or specific incorporation language in such filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) The ~~Registrant~~Company announced ~~that~~today, ~~Brett~~February 1, ~~Green~~2008, ~~Executive~~that ~~Vice~~David ~~President~~K. Johnson (“Johnson”) resigned as a member of ~~Sales~~the Board of Directors of the Company and ~~Lending~~its subsidiary, isWestsound ~~leaving~~Bank, effective January 31, 2008, and that Johnson will be stepping down as president and chief executive officer of the ~~company~~Company and its subsidiary, Westsound Bank after an interim period.

(e) The Company has entered into a Separation Agreement and Release dated January 31, 2008 (the “Agreement”) with Johnson replacing his Employment Agreement. Under the terms of the Agreement, Johnson will continue to serve as president and chief executive officer of the Company ~~Item~~until ~~8.01~~the ~~Other~~Separation ~~Events~~Date, as that term is defined in the Agreement. Subject to a competition restriction, the Company has agreed to pay Johnson, commencing on the Separation Date, a severance payment equal to six months of his base compensation.

~~The~~ A ~~Registrant~~copy of the press release is ~~eliminating~~attached 33hereto ~~jobs~~as inExhibit 99.1 ~~its~~and ~~mortgage~~incorporated ~~division~~by reference herein.

Item 9 7.01 ~~Financial~~Regulation FD ~~Statements and Exhibits~~Disclosure.

~~(c)~~ The ~~Exhibits99~~press release referred to under Items 2.02 and 5.02 above and filed as Exhibit 99.1 ~~Press~~hereto includes ~~Release~~disclosure ~~issued~~relating byto ~~WSB~~the ~~Financial~~Company’s ~~Group,~~earnings ~~Inc.~~and ~~dated~~financial results for the fiscal quarter ended September 30, 212007, and preliminary financial results for the fiscal quarter and year ended December 31, 2007. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information incontained ~~this~~herein, ~~Current~~including ~~Report~~Exhibit 99.1 onattached hereto, is furnished pursuant to Item 7.01 of Form 8-K and ~~the Exhibits attached hereto~~ shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, ~~(the~~as ~~“Exchange~~amended, ~~Act”)~~ or otherwise subject to the ~~liabilities~~liability of that section. Further, ~~nor~~the ~~shall~~information itin bethis ~~deemed~~report (including the exhibit hereto) is not to be incorporated by reference ininto any ~~filing~~of ~~under~~the Company’s filings with the Securities ~~Act~~and ofExchange ~~1933~~Commission, whether filed prior to or after the ~~Exchange~~furnishing ~~Act~~of this Form 8-K, regardless of any general or specific incorporation language in such filing.

~~Top~~Item 9.01 ofFinancial ~~the~~Statements ~~Form~~and Exhibits

(d) Exhibits ~~SIGNATURES~~

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Exhibit No.		Description
99.1		Press Release, issued February 1, 2008, regarding earnings for the quarter ended September 30, 2007 and preliminary financial results for the quarter and year ended December 31, 2007, and the resignation of Johnson as director.

	WSB Financial Group, Inc.
September 21, 2007	By:	David K. Johnson
		Name: David K. Johnson
		Title: Chief Executive Officer

SIGNATURE ~~Top of the Form~~

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned there unto duly authorized.


		WSB FINANCIAL GROUP, INC.
		(Registrant)
February 1, 2008		/s/ Mark D. Freeman
(Date)		Mark D. Freeman
		Chief Financial Officer

Exhibit Index

Exhibit No.		Description
99.1		Press Release, ~~Issued~~issued byFebruary ~~WSB~~1, ~~Financial Group~~2008, ~~Inc.~~regarding ~~dated~~earnings for the quarter ended September 2130, 2007 and preliminary financial results for the quarter and year ended December 31, 2007, and the resignation of Johnson as director.

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