News

Filter By

  • Olympic Bancorp Reports Strong Financial Performance For 2021

    March 31, 2022
    Olympic Bancorp and its wholly-owned subsidiary, Kitsap Bank, reported another strong year of financial performance in 2021. The family-owned bank continues to maintain a strong core deposit base, growing deposits by almost 15% year-over-year to nearly $1.5 billion. The bank made the strategic decision to prioritize Paycheck Protection Program (PPP) loan forgiveness in 2021, and by year-end nearly every PPP loan was forgiven. Kitsap Bank announced a net income of $19.5 million in 2021 compared to $18.4 million in 2020. Return on Assets was 1.51 percent. “Kitsap Bank had another strong year of financial performance.  Our asset quality continues to remain excellent, and the bank is well-capitalized for the future.” stated Steve Politakis, Chief Executive Officer. “I am very proud of our Kitsap Bank employees who continue to demonstrate resiliency, determination, and a commitment to helping our clients and communities.” The full annual report can be viewed at…
    Learn More
  • Kitsap Bank Promotes Dana Stewart

    March 30, 2022
    Kitsap Bank is pleased to announce the promotion of Dana Stewart to Branch Manager of its South Park Village Branch. Stewart joined Kitsap Bank in 2020, and has 30 years of experience in the banking industry. Since her time with the bank, she has steadily advanced her career, most recently serving as the Assistant Branch Manager of Kitsap Bank’s Belfair Branch. Stewart is on the Board of Directors for the Allyn Community Association, and a graduate of our Moody’s Consumer Lending and Building Client Connections Program. “Dana has a passion for service and creating meaningful connections with clients, business partners and peers,” stated Jennifer Ruckman, Vice President, Regional Manager. “Her passion for delivering an exceptional client and employee experience, and community focus will serve her well in her new role.”   Established August 8, 1908, Kitsap Bank is headquartered in Port Orchard, WA, operating 18 locations throughout…
    Learn More
  • Kitsap Bank Promotes Ludy Garvin

    March 28, 2022
    Kitsap Bank is pleased to announce the promotion of Ludy Garvin to Branch Manager of the bank’s Main Branch in Port Orchard. With over 30 years in the banking industry, Garvin joined Kitsap Bank in 2020 as Senior Customer Service Specialist. She has steadily advanced her career, transitioning to Senior Financial Service Specialist and now to her most recent position as Branch Manager. Garvin holds a Bachelor’s Degree in Commerce – Major Accounting, and is a graduate of our Moody’s Consumer Lending and Building Client Connections Program. “Ludy has made significant contributions to the organization,” stated Jennifer Ruckman, Vice President, Regional Manager. “She has a passion for coaching and a desire to play a supporting role in the career development of others. 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 18…
    Learn More
  • Kitsap Bank Promotes Ken Hall

    March 21, 2022
    Kitsap Bank is pleased to announce the promotion of Ken Hall to Assistant Vice President, Business Banking Relationship Manager. In his new role, Hall will work primarily with small business clients to fulfill their lending needs. With over 25 years of banking experience in the Pacific Northwest, Hall joined Kitsap Bank in January 2020 as the Branch Manager of the bank’s Main Branch in Port Orchard. He successfully managed the branch during the COVID-19 pandemic and was instrumental in assisting local businesses secure necessary funds through the Paycheck Protection Program. Hall holds a Bachelor’s degree in Economics from the University of Washington, and is currently serving as Board Member and Vice President for the Central Kitsap Food Bank.  “A self-starter with a record of success in building an engaging client experience, Ken easily builds trust and rapport with clients and internal partners alike,” stated Larry Tellinghuisen, Senior Vice…
    Learn More
  • Kitsap Bank Promotes Jonathan Caum To Officer

    March 7, 2022
    Kitsap Bank is pleased to announce the promotion of Jonathan Caum to Network Administrator Officer. Caum joined Kitsap Bank in 2017 as a Network Administrator, and has 15 years of experience in the I.T. industry. He has an Enterprise Desktop Certification with Microsoft; and is currently working towards obtaining a Microsoft Azure Administrator Certification. Jonathan is committed to his community, playing the piano and singing for his local church. “Jonathan has made significant contributions to the organization and is a dedicated member of the Kitsap Bank team,” commented James Anderson, Vice President, Information Technology Manager. “He has been a huge asset to Kitsap Bank’s I.T. Team and we are pleased to recognize him for his efforts with this promotion.”   Established August 8, 1908, Kitsap Bank is headquartered in Port Orchard, WA, operating 18 locations throughout Western Washington. With over $1.5 billion in assets, the Bank…
    Learn More
  • Kitsap Bank Promotes Jessica Lutz

    March 3, 2022
    Kitsap Bank is pleased to announce the promotion of Jessica Lutz to Branch Manager of its Port Hadlock Branch. Lutz joined Kitsap Bank in 2015 as a Customer Service Specialist at the Silverdale Branch; and during her seven years at the Bank has steadily advanced her career to her most recent position as Branch Manager. For her excellent customer service and outstanding professionalism, Lutz was selected as Kitsap Bank’s Employee of the Quarter in 2021. Active in her community, Jessica volunteers for numerous local non-profits, including Kitsap Humane Society, Port Orchard Bay Street Association, South Kitsap Helpline, and The Salvation Army. “Jessica has made significant contributions to the organization. She has been growing her career at Kitsap Bank and has formed excellent relationships with her business partners, peers and clients,” commented Charles Robertson, Senior Vice President, Chief Retail Officer. “I am extremely proud of Jessica’s…
    Learn More
  • Kitsap Bank Welcomes Katlin Rouse

    February 28, 2022
    Kitsap Bank is pleased to announce that Katlin Rouse has joined its Marketing team as Marketing Coordinator. In her role as Marketing Coordinator, she will be managing events and working with the Bank’s community partners, among many other duties. Rouse most recently worked as an Election Communications Specialist with Escambia County Elections Office in Florida. She holds a Bachelor’s in Communications with a minor in Marketing from the University of West Florida. “We are very excited to welcome Katlin to the Kitsap Bank family,” remarked Janet Silcott, Vice President/Marketing Director, “Katlin is enthusiastic and committed to Kitsap Bank’s mission of causing good in the communities that we serve.”    Established August 8, 1908, Kitsap Bank is headquartered in Port Orchard, WA, operating 18 locations throughout Western Washington. With over $1.5 billion in assets, the Bank provides a full range of financial services to…
    Learn More
  • Kitsap Bank Promotes Lyndi Overlie

    February 23, 2022
    Kitsap Bank is pleased to announce the promotion of Lyndi Overlie to Assistant Vice President, Accounting Manager. Overlie joined Kitsap Bank in 2007 as a Purchasing Clerk at the bank’s Port Orchard office. She has over 20 years of experience in the banking industry; and during her 15 years at the Bank has steadily advanced her career to her most recent position as Accounting Manager where she oversee all aspects of Kitsap Bank’s accounting operations. “Lyndi’s extensive experience, strong leadership and attention to detail are a few of the reasons she is deserving of this promotion,” commented Bentley Simpson, Vice President Controller. “She is 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 18 locations throughout Western Washington. With over $1.5 billion in assets, the Bank…
    Learn More
  • Kitsap Bank Announces MAD Donations

    February 14, 2022
    Kitsap Bank made a surprise announcement for 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 2021, the bank donated money to a non-profit of their choice. Despite the challenges that 2021 brought, employees still volunteered over 1,400 hours in their communities. Selected non-profits received notification of the surprise donations on Valentine’s Day. “Kitsap Bank has a strong tradition of community involvement,” stated Steve Politakis, CEO. “I am proud that our employees, even with the pandemic, were able to find a way to safely give back to their communities. 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…
    Learn More
  • Kitsap Bank Promotes Dorothy Haffey-Shoecraft

    February 11, 2022
    Kitsap Bank is pleased to announce the promotion of Dorothy Haffey-Shoecraft to Vice President, Credit Officer. Haffey-Shoecraft joined Kitsap Bank in 2019, as an Assistant Vice President, Credit Officer at the bank’s Fife office. She has over 20 years of experience in the banking industry, and has spent her entire career serving clients in the Puget Sound community. In her new role as VP/Credit Officer, Dorothy will support the bank’s commercial lending team, working to deliver credit solutions to clients. “Dorothy has made significant contributions to the organization and is a dedicated member of the Kitsap Bank team,” commented Elizabeth Robertson, Senior Vice President, Credit Administrator. “She has been a huge asset to Kitsap Bank, 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 18 locations throughout Western…
    Learn More
Older