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  • Olympic Bancorp Reports Strong Financial Performance for 2019

    March 27, 2020
    Olympic Bancorp and its wholly-owned subsidiary, Kitsap Bank, reported another record year of financial performance in 2019.  With a strong core deposit base and measured loan growth, the family-owned bank once again achieved record income.  The bank announced net earnings of $16 million in 2019 compared to $14 million one year ago.  Loans totaled $783 million versus $740 million in 2018; and deposits totaled $563 million on December 31, 2019.  Return on assets was 1.37 percent.  “Kitsap Bank’s strong performance in 2019 puts the bank in a position to serve as a stabilizing force during this time of economic uncertainty, and a resource for small businesses facing hardship,” stated Steve Politakis, Chief Executive Officer.  The full annual report can be viewed at https://www.kitsapbank.com/annual-report-2019/. At the Annual Shareholder Meeting, Mr. Tony Panagiotu was elected to the Board of Directors.  Tacoma born and raised,…
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  • Kitsap Bank Honors Employee Of The Quarter

    February 26, 2020
    Kitsap Bank is pleased to announce that Ariel McDermott, Assistant Branch Manager at our Bremerton Branch, has been named Employee of the Fourth Quarter of 2019. McDermott joined the Kitsap Bank family in 2015 and has become a valuable asset to the bank. She was selected for this award by her peers, who praised her for her willingness to always lend a helping hand in any situation, consistently going above and beyond with every client, and continually showing tremendous leadership when faced with challenges.   “Ariel is a valuable employee; exhibiting grace under pressure and inspiring others with her positive attitude.” stated Marlene Mitchell, Vice President/Regional Manager. “We’re very pleased to recognize Ariel’s excellent performance with this award.” Kitsap Bank’s Employee of the Quarter award recognizes employees for significant contributions to the operating excellence of the Bank.   Established August 8,…
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  • Kitsap Bank Promotes Branch Managers Marilu Aganon, Kim Peterson, and Jennifer Ruckman

    February 24, 2020
    Kitsap Bank is pleased to announce the promotions of Marilu Aganon, Kim Peterson and Jennifer Ruckman. Aganon serves as Kitsap Bank’s Poulsbo Branch Manager, Peterson as Silverdale Branch Manager, and Ruckman, East Bremerton Branch Manager. Each has been promoted to Vice President. Aganon has over 20 years of financial experience. She began working at Kitsap Bank as a Teller in 1999; and during her 20 years, has steadily worked her way up to her current position as Branch Manager. Aganon has worked with many non-profit organizations, including the local Chamber of Commerce, Martha & Mary, and North Kitsap Fishline. Peterson joined Kitsap Bank in 2012 as a Merchant Services Representative, and was promoted to Silverdale Branch Manager in 2014. An experienced banker, Peterson has served in branch management positions for over thirty years. Active in her community, she is a member with the Silverdale Rotary and sits on the Board for the Central Kitsap Medic One Foundation…
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  • Kitsap Bank Promotes Jennifer Phelan

    February 21, 2020
    Kitsap Bank is pleased to announce the promotion of Jennifer Phelan to Vice President/Credit Officer.  Phelan has been with Kitsap Bank since 2016, and in banking for nearly 15 years. She holds a Master’s degree from Colorado Technical College. Active in her community, Phelan leads Kitsap Bank’s Recycling Program for the North Kitsap Little League, and volunteers for numerous local non-profits.   “Jennifer has made significant contributions to the organization,” commented Robert Banks, Senior Vice President, Credit Administrator. “She has been a huge asset to the Kitsap Bank team and we are pleased to recognize her for her efforts with this promotion.”   Established August 8, 1908, Kitsap Bank is headquartered in Port Orchard, WA, operating 21 locations throughout Western Washington.  With over $1 billion in assets, the Bank provides a full range of financial services to commercial and individual clients. …
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  • Kitsap Bank Spreads The Love On Valentines Day

    February 14, 2020
    Kitsap Bank made a surprise announcement this Valentine’s Day, donating $15,000 to local non-profit organizations as part of the bank’s mission to #causegood in the communities the bank serves. For every hour that Kitsap Bank employees volunteered in 2019, the bank donated money to a non-profit of their choice. In total, employees volunteered over 4,400 hours. Selected non-profits received notification of the surprise donations on February 14th. “Kitsap Bank is proud of our tradition of community involvement,” stated Steve Politakis, CEO. “Our employees have done a tremendous job giving back. Their dedication, commitment and capacity to contribute not only makes them a great asset to Kitsap Bank, but also to our communities in which we live and work.”     The non-profits that are benefiting from Kitsap Bank’s MAD (Making a Difference) For Our Community Program are: Bremerton Foodline    …
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  • Kitsap Bank Welcomes Ken Hall

    February 12, 2020
    Kitsap Bank is pleased to announce that Ken Hall has joined its team as Branch Manager of the bank’s Main Branch in Port Orchard. Hall is accomplished in his career with 25 years of banking experience in the Pacific Northwest.  He is committed to his community, currently serving as Board Member and Vice President for the Central Kitsap Food Bank. Hall is a graduate of the University of Washington, receiving his Bachelor’s degree in Economics. “We’re pleased to have Ken join the Kitsap Bank family,” stated Dave Jeffcoat, Vice President/Regional Manager. “He is passionate about our community, and helping clients achieve their financial goals by fostering team collaboration to deliver an exceptional experience to our clients.” Established August 8, 1908, Kitsap Bank is headquartered in Port Orchard, WA, operating 21 locations throughout Western Washington.  With over $1 billion in assets, the Bank provides a full range of…
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  • Kitsap Bank Welcomes Kevan Neill

    February 10, 2020
    Kitsap Bank is pleased to announce that Kevan Neill has joined its team as the Branch Manager of its Bremerton 6th & Pacific Branch. Neill will lead the retail team when the branch relocates this Spring to their new Bremerton location, on the corner of 6th & Warren. He joins Kitsap Bank with over nine years of experience in the banking industry, and has spent most of his career serving the needs of businesses and consumers in the Pacific Northwest. Neill is a graduate of Pacific Lutheran University, and is a Kitsap County native. “We’re pleased to have Kevan join the Kitsap Bank family during this exciting time for our Bremerton Branch,” stated Marlene Mitchell, Vice President/Regional Manager. “Kevan is well-suited for this position.  He is knowledgeable, enthusiastic, and shares Kitsap Bank’s commitment to building relationships with our customers and community.” Established August 8, 1908, Kitsap Bank is headquartered in Port…
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  • Kitsap Bank Welcomes Carrie Heaton

    February 4, 2020
    Kitsap Bank is pleased to announce that Carrie Heaton has joined its team as the Sequim Branch Manager. Heaton joins Kitsap Bank with over ten years of experience in the banking industry, and has spent her entire career serving the needs of businesses and consumers in the Pacific Northwest. She is committed to her community serving on the Corporate Board for the Boys & Girls Clubs of the Olympic Peninsula and volunteers with the Olympic Peninsula Rowing Association. “It’s our pleasure to welcome Carrie to the Kitsap Bank family,” stated Tammy Armacost, Vice President/Regional Manager. “Carrie is experienced, enthusiastic, and committed to providing our customers with the highest level of service.” Established August 8, 1908, Kitsap Bank is headquartered in Port Orchard, WA, operating 21 locations throughout Western Washington.  With over $1 billion in assets, the Bank provides a full range of financial services to commercial and individual…
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  • Kitsap Bank Promotes Angela Black

    January 2, 2020
    Kitsap Bank is pleased to announce the promotion of Angela Black to Branch Manager of its Belfair branch. Black joined Kitsap Bank in 2014 as a Client Service Specialist; and during her five years at the Bank has steadily advanced her career to her most recent position as Assistant Branch Manager for the Port Orchard branch.    “Angela has worked closely alongside Carole Newton, the Port Orchard Branch Manager, and is well-qualified for this position,” commented Dave Jeffcoat, Vice President and Regional Manager. “I am extremely proud of Angela’s accomplishments and highly confident in her abilities to successfully manage the Belfair branch.”   Established August 8, 1908, Kitsap Bank is headquartered in Port Orchard, WA, operating 21 locations throughout Western Washington.  With over $1 billion in assets, the Bank provides a full range of financial services to commercial and individual clients.  Kitsap Bank has been…
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  • Kitsap Bank Honors Employee Of The Quarter

    December 9, 2019
    Kitsap Bank is pleased to announce that MiKayla Bradshaw, Commercial/SBA Loan Coordinator, has been named Employee of the Third Quarter of 2019. Bradshaw joined the Kitsap Bank family in 2017 and has become a valuable asset to the bank. She was selected for this award by her peers, who praised her for her willingness to work and collaborate with others, consistently going above and beyond with every client, and always embracing challenges with a positive attitude and smile.   “Mikayla is a valuable employee; her hard work and dedication to our clients make her a valuable member of the Kitsap Bank team.” stated Toni Smith, Vice President, Loan Coordinator Manager. “She is efficient, knowledgeable, and we’re very pleased to honor her with this award.” Kitsap Bank’s Employee of the Quarter award recognizes employees for significant contributions to the operating excellence of the Bank.   Established August 8, 1908, Kitsap…
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