Kitsap economy highlighted in Puget Sound Business Journal

The Puget Sound Journal of Business recently published a special report profiling Kitsap County’s economic advantages and opportunities. Featured stories discussed opportunities for the technology industry, talent and workforce, workforce education, housing and business costs, and Kitsap’s role and opportunities as part of the Puget Sound regional economy. The special section also includes stories on the Fast Ferry Proposition and interviews with Kitsap Bank CEO, […] Read more »

Before the recession, others called this bank ‘stodgy.’ Now it just hit a major financial milestone.

Ashley Stewart Staff Writer, Puget Sound Business Journal Nearly 20 Washington-based banks closed down during or after the economic downturn in the late 2000s. Kitsap Bank was one of the survivors and recently reached a financial milestone in the company’s 108-year history. Kitsap Bank’s parent company, Olympic Bancorp, reported the best first half of a financial year since the bank was founded in 1908. The bank’s […] Read more »

Kitsap Bank switches to video format for annual report

By Tim Kelly |  KPBJ  |  Kitsap Sun Kitsap Bank has gone fully digital in publishing its 2015 annual report, which contains some milestones for the Port Orchard-based bank that has 21 locations in Western Washington. Olympic Bancorp, parent company for Kitsap Bank, reported 2015 year-end results with net income topping $8.4 million, up 30 percent year over year. Total deposits grew 15 percent to $962 million, […] Read more »

Third Generation Kitsap Business Owner Elected KEDA Board Chair

Ben Anderson, Art Anderson Associates, elected Chair for Kitsap Economic Development Alliance Board of Directors The Kitsap Economic Development Alliance celebrated 2015, looked forward to 2016 and beyond and elected new members to their board of directors at the March 30, 2016 Annual Meeting.  The elections also included a new officer slate of: Ben Anderson, Art Anderson Associates – KEDA Board Chair Monica Blackwood, Rice […] Read more »

KEDA Honors Russell Steele with Economic Development Lifetime Achievment Award

March 30, 2016 – Russell Steele was lauded by a host of Kitsap business and community leaders at the Kitsap Economic Development Alliance (KEDA) Annual Meeting where he was presented with a Lifetime Achievement Award in recognition of his unwavering support of economic development efforts in Kitsap County. Steele is the CEO of Port Madison Enterprises, and served on the KEDA Board of Directors for […] Read more »

Kitsap Bank donates $10,000 to Coffee Oasis

Central Kitsap Reporter BREMERTON – Kitsap Bank will donate $10,000 to help pay for the renovation of a new Coffee Oasis location in Bremerton. A replacement for the original 6th and Venita restaurant, the new Coffee Oasis location at 301 Naval Ave. will be renovated to include a drive-thru and café. Through this new facility, Coffee Oasis will continue to provide services to homeless and […] Read more »

Kitsap Bank Receives Top Honors in Seattle Business Magazine’s Family Business Awards

Port Orchard, WA Kitsap Bank has been named Family Business of the Year by Seattle Business Magazine. The magazine honored the impact and legacy of Washington State’s top family-run companies at the 2015 Family Business Awards Tuesday evening at Bell Harbor International Conference Center in Seattle. Runners up for this award in the Large Firm category included McLendon Hardware and Mutual Materials. Thirteen firms from […] Read more »

Kitsap Bank Seattle Business Magazine’s Family Business of the Year!

Seattle Business Magazine – December 2015 The 2015 Family Business Awards: Large Firms More than 200 employees in Washington. TREVA LIND |   DECEMBER 2015   |  FROM THE PRINT EDITION WINNER: Kitsap Bank, Port Orchard Bucking industry trends, Kitsap Bank steers toward decisions that assure it will be around for its customers many years from now. With three generations of the Frank E. Langer family in […] Read more »

Kitsap Bank to Acquire Fife Commercial Bank

Olympic Bancorp, parent company for Kitsap Bank, announced today that they have entered into a definitive agreement to acquire Puget Sound Financial Services and its wholly-owned subsidiary, Fife Commercial Bank. Founded in 1998 and led by Jim Davis, President and Chief Executive Officer, Fife Commercial Bank operates a single location on Pacific Highway East, employing 17 individuals. The bank has been recognized as one of […] Read more »