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October 2008
The Kitsap Peninsula Business Journal archives all articles into these pages. Feel free to browse back through Kitsap history and read news from as far back as the turn of the century! All articles from the print edition will be archived in this directory.

WSB Financial Group, the parent company of Westsound Bank , has announced a settlement agreement with the lead plaintiff in its pending securities class action lawsuit. The settlement, which is subject to approval by the United States District Court for the Western District of Washington, provides for the certification of a class consisting of all persons who purchased WSB’s common stock pursuant or traceable to its initial public offering completed on Dec. 21, 2006.

The total amount of the settlement is $4.85 million. read more »

 

After almost 20 years as executive director of the Kitsap County Consolidated Housing Authority Executive Director Norm McLoughlin has announced he will retire effective at the close of business today. KCCHA’s Finance Director Debbie Broughton has agreed to take the helm of the agency in the interim, and a committee has been appointed to initiate the search for new executive director.

“Norm has spent a lot of time with the Housing Authority, and over the years many people have benefited because of it,” stated KCCHA Board Chair Commissioner Jan Angel. read more »

 

The Kitsap County Boundary Review Board determined in its regularly scheduled meeting, Thursday night, October 9th, that the City of Port Orchard was entitled to invoke the Board’s jurisdiction regarding the SKIA North Annexation and that a public hearing would be required on the City of Bremerton’s annexation request. The Boundary Review Board scheduled a special meeting on the matter for October 23rd, 7 p.m. in the Commissioners Chambers at Kitsap County, 619 Division Street, Port Orchard and indicated that a hearing would be set for early December.  read more »

 

Christopher Mutchler, a CPA financial forensics expert with Southard, Beckham, Atwater & Berry, CPAs, PS, in Port Orchard, has recently been awarded the Certified in Financial Forensics Credential by the American Institute of Certified Public Accountants . The CFF Credential, established in 2008 by the AICPA, is granted to qualified CPAs with considerable professional experience in financial forensics. read more »

 

Leslie Peterson, senior vice president and CLO for Liberty Bank of Washington just completed her second resident session with the Pacific Coast Banking School . PCBS is considered the premier national graduate school of banking and is operated in partnership with the University of Washington Graduate School of Business.  read more »

 

1st Security Bank recently named Brent Stenman as Senior Vice President and Branch Manager of its Poulsbo branch. Stenman brings more than 19 years of experience in financial services and community involvement to 1st Security’s new Poulsbo office located in College Place.

He will be taking over for Clay Williams, who will be retiring this month following nine years of service to 1st Security and its customers. read more »

 

As the mortgage industry shakeout continues, and the real estate market remains slow, more people are looking to become both renters and landlords. In Kitsap County, there is a slight increase in the number of people looking to rent, according to some figures and anecdotal evidence, but there are also more homes available for rent. Still, this seems almost as good a time as any for those looking to invest into rental properties.

“With a lot of inventory and diversity, you attract a lot of renters who may have been looking for a home. read more »

 

Investors who make decisions based on current news have had quite a few headaches lately. Not a day has gone by in the past few months of financial news going from bad to worse, but the last few weeks have been especially troubling as some large and familiar financial institutions have gone up in smoke or required a bailout from the government, while others have been starting to show obvious signs of crippling.

On Wall Street, mid-September saw the worse trading day since Sept. 11, 2001. read more »

 

The downturn in the economy appears to compel more people to join the ranks of entrepreneurs. Based on the observations of local professionals who work with small businesses, the desire to be self-employed is often based on the necessity for extra income to keep up with costs of living.

“The dollars people used to make a year or two ago are not enough to go around and they’re looking for ways to supplement the family income and create more money,” said Stuart Walton, business development specialist and trainer for Washington CASH in Kitsap. read more »

 

More than one in five job vacancies in Washington in April were in the health-care industry, according to the newest job-vacancy report published by the Employment Security Department.

The Spring Washington Job Vacancy Survey report is based on a survey taken in April, which found that there were more than 16,000 health-care job openings out of an estimated 74,744 unfilled jobs statewide.

Among the health-care vacancies, 4,312 were for registered nurses. There also were a lot of openings for licensed practical and vocational nurses, nursing aides, orderlies and attendants. read more »

 

The proliferation of knowledge — true or false — on the Internet has allowed savvy consumers to seek out medical information, often times long before they see their physician. That is what one Port Orchard resident did recently when she started feeling really sick. She read through Web sites, trying to figure out if she had a problem appendix or some other issue — it turns out it was her gallbladder. read more »

 

An overwhelming majority of Regence members would recommend their doctor to others, according to a popular online survey on the company’s member Web site, myRegence.com. A “Member Feedback” feature on the site allows Regence members to post feedback on their experiences with individual providers, including physicians, dentists, other health care professionals and facilities.

“Our own research and national studies show that patients want to hear from other patients,” said David Clark, senior vice president of Health Care Services for Regence. read more »