Kitsap Bank has taken the lead in demonstrating to other local businesses that the time to step up and support the Kitsap Regional Economic Development Council (KREDC) has arrived.

Kitsap Bank has agreed to become the organization’s first Platinum Level member. Membership at the Platinum Level calls for a commitment of $50,000 over a three year period. There will only be five Platinum Level members.

“We think it’s very appropriate that the largest locally-owned bank and the oldest one in the county has demonstrated the faith in this organization to support it at the highest membership level,” said an elated KREDC Executive Director David Porter. “We are grateful to Jim Carmichael and the entire board of directors for their belief in our mission and in our ability to accomplish significant economic development in Kitsap County.”

Kitsap Bank President Jim Carmichael stated,”We believe the KREDC has made a number of positive changes that will be beneficial to Kitsap County’s economic future. As the oldest and largest local bank in Kitsap County, we want to be a part of that.”

The KREDC recently announced a new membership structure calling for a three year commitment from all members at varying financial levels. For more information on membership inthe KREDC, call (360) 377-9499 or visit www.kitsapedc.org.