10-7-2002
Kitsap Bank promotes pair
   Heidi Villarma has been promoted to vice-president and manager at the Port Orchard Kitsap Bank & Mortgage branch and Dorothea Larkin has been advanced to assistant vice-president and loan officer...   (Full Article)
10-7-2002
Key Bank now offering statements online
   Key Bank Online Banking and Investing clients now have the option to receive account statements online for more convenience.
   Instead of receiving paper statements in the mail once a month, clients who bank online can be sent an e-mail on the date of their statement. If a client decides they want to return to paper statements, they can change back. Thirteen months of statements will be retained online for client reference...   (Full Article)
10-7-2002
Columbia Bank opens Gig Harbor branch
   Tacoma-based Columbia Bank has opened another Gig Harbor branch at 3006 Judson St., Ste. 101.
   Ellen Dunn has been named as manager and staff includes Branch Supervisor Nancy Gregg, Teller June Lysell and Banking Development Officer Ruthmarie Sandoval.
   A wholly owned subsidiary of Columbia Banking System Inc., Columbia Bank has 36 branches in Pierce, Kitsap, King, Cowlitz and Thurston counties.
10-7-2002
Frontier Bank declares
12th consecutive dividend
   Frontier Financial Corporation (Nasdaq:FTBK) has declared a 16 cent per share fourth quarter cash dividend to shareowners of record as of Oct. 7 and payable Oct. 21.
   President and CEO Bob Dickson said the new dividend represents a 14.3 percent increase over the fourth quarter of 2001 and is the twelfth consecutive quarter in which the dividend went up. Frontier paid a dividend of 15.5 cents per share to shareowners in the third quarter of 2002.
10-7-2002
Pacific Northwest Bank completes
stock buy back
   On Sept. 13 Pacific Northwest Bancorp completed the open market repurchase of 780,868 shares, or 5 percent of its Common Stock shares at an average price of $27.85. There are no immediate plans for additional Common Stock repurchases.
9-6-2002
Is a 401(k) plan appropriate for your business?
By Ron Rada
   No business owner would argue against the importance of planning for the future. However, the reality is that with the daily demands of running a business, long-term goals are often put on the back burner...   (Full Article)
9-6-2002
Edward Jones hosting program for investors
   The Edward Jones investment representatives in the Kitsap area will host a free program on Tuesday, Sept. 10 at 10 a.m. and 4 p.m. for investors seeking high-quality opportunities in today’s stock market...   (Full Article)
9-6-2002
KeyBank offering 401(k)s to sole proprietors
   Sole proprietor small business owners can now invest for retirement like their corporate counterparts: through a 401(k) plan. In the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) that took effect this year, Congress opened the door for sole proprietors to establish 401(k) plans and increased plan funding limits substantially...   (Full Article)
9-6-2002
Kitsap Bank gets 17th five star rating
   Bauer Financial, Inc., the nation’s leading independent bank research firm, recently announced it awarded its top 5-star Superior rating to Kitsap Bank...   (Full Article)
9-6-2002
Pacific Northwest Bank to pay dividend
   The Board of Directors of Pacific Northwest Bancorp has announced that a cash dividend of 14 cents per share will be paid on Oct.10, to shareholders of record as of Sept. 16. Pacific Northwest Bancorp has consistently paid cash dividends since going public in July of 1991.
8-8-2002
The “eggs-traordinary” benefits of diversification
By Todd Tidball
   Remember the old saying, “Don’t putt all your eggs in one basket?” Today, “gathering eggs” typically consists of stopping by the store to pick up a dozen Grade A’s. However, the wisdom of the sentiment still applies, especially when it comes to investing...   (Full Article)
8-8-2002
Kitsap Bank announces record earnings
   Kitsap Bank recently announced it had achieved record earnings for the first half of 2002. Earnings for the period were $4.7 million, compared to $3.8 million for 2001 — a 25 percent increase. The return on assets was 2.1 percent compared to 1.7 percent in 2001 and the return on equity increased to 19 percent...   (Full Article)
8-8-2002
NYIB honors KCFCU’s Brorson
   The National Youth Involvement Board (NYIB), a national committee comprised of credit union professionals, has awarded Kitsap Community Federal Credit Union Marketing Specialist, Cathy Brorson, the 2002 Robert L. Curry Scholarship...   (Full Article)
8-8-2002
Pacific Northwest Bank announces merger
   Pacific Northwest Bancorp and Bank of the Northwest announced the signing of a definitive agreement to merge Bank of the Northwest into Pacific Northwest Bank...   (Full Article)
8-8-2002
Credit union changes name
   Washington Credit Union, which operates a branch in Poulsbo, has a new name. The $262 million dollar credit union is now known as Washington’s Credit Union.
   During the past 18 months members in three other credit unions, Federal Credit Union, United Sound Community Credit Union and Credit Union of Puget Sound, all voted to merge with Washington’s Credit Union, increasing total assets by 30 percent.
7-3-2002
Take stock of your daily routine
for investment opportunities
By Mike Shahrezaei
   Some investors find the thought of investing in the stocks of individual companies somewhat intimidating. After all, how do you possible decide which companies, out of literally thousands, to choose...   (Full Article)
7-3-2002
Now you can contribute more to your IRA each year
By Mike Bentz, Waddell & Reed
   Increasing your annual contributions to $3,000 will likely have a positive impact on your retirement savings, and thus, your quality of life in retirement...   (Full Article)
7-3-2002
Edward Jones offers program for those retiring soon
   Mike Shahrezaei, the Edward Jones investment representative in Bremerton, will host a free program on Tuesday, July 16 at 3:30 p.m. for individuals planning to retire within the next few years. This live, interactive broadcast is presented at Edward Jones branch offices nationwide via the firm’s private satellite network...   (Full Article)
6-6-2002
Protect your 401(k) after a layoff
By Glenn Anderson
   Are you retiring soon? Changing jobs? Leaving your company? If so, here’s one of the most important questions you’ll need to ask yourself: What should you do with your 401(k) or other tax-advantaged retirement plan...   (Full Article)
6-6-2002
Peninsula Credit Union helps small
West African credit union survive
   Recently, Peninsula Community Federal Credit Union (PCFCU) learned that its Sister Credit Union in a small village named Ndiaw Ndiaw, (pronounced “enJOW enJOW”) located in Senegal, West Africa had its safe and entire asset base of $5,000 stolen. The money was the life savings for the entire village...   (Full Article)
6-6-2002
Retirement realities: Five myths you should consider
By: Jim Hamner,
Piper Jaffrey, US Bancorp
   When it comes to retirement planning, it’s easy to accept conventional wisdom. You’ve probably heard the “one-size-fits-all” generalizations about how much income you’ll need, what type of portfolio you’ll have and how you’ll spend your time after you retire...   (Full Article)
6-6-2002
Bainbridge resident wins volunteer service award
Wells Fargo to contribute $1,000 to Helmets for Youth
   Bainbridge Island resident Jeff Pritchard has earned a Wells Fargo Volunteer Service Award for his efforts with Helmets for Youth. A $1,000 grant will be made to Helmets for Youth in his name...   (Full Article)
5-3-2002
Using bonds to free yourself from taxes
By Jim Thatcher
Did you know? A person in the highest federal, state and local tax brackets in New York City loses almost one-half of his investment yield to taxes...   (Full Article)
5-3-2002
Pacific Northwest posts record earnings
   Oak Harbor-based Pacific Northwest Bancorp, which operates four branches in Kitsap County, recently announced record quarterly earnings of $7.6 million or $0.48 per diluted share for the first quarter of 2002, and 85 percent increase compared to $4.1 million or $/026 diluted share for the same quarter last year, and a 9 percent increase compared to $7.0 million, or $0.44 per diluted share last quarter...   (Full Article)
5-3-2002
Edward Jones buys naming rights to dome
at America’s Center
   St. Louis-based financial-services firm Edward Jones, which has 14 investment representatives in Kitsap County, has bought the naming rights to the sports and convention facility at America’s Center, home to the NFL St. Louis Rams...   (Full Article)
5-3-2002
American Marine pays dividend
   The board of directors of AMB Financial Services Corporation, parent company of American Marine Bank, declared a 30-cent quarterly dividend at the board’s March meeting.
   The dividend was payable to all shareholders of record as of March 31. It was paid April 15.
4-5-2002
Make sure your tax preparer is well-prepared
By Danny Brown
   Now that it’s tax season again, you may be looking around for someone to do your taxes. Here’s a suggestion: Don’t accept the friendly offer from your brother-in-law who claims to be “real good” at math. Tax preparation can be complicated. So, if you do want some personal help, you’ll need to turn to a professional. But how can you find one? Should you just look in the Yellow Pages under “Tax Preparation...   (Full Article)
4-5-2002
Anderson assumes regional
responsibilities with Edward Jones
   Glenn M. Anderson, an Edward Jones investment representative in Poulsbo, was recently named as a support specialist for new investment representatives by the firm’s regional leader Russ Hoover. In this role, Anderson is responsible for mentoring and training roughly 6 new investment representatives in the Kitsap and Olympic Peninsulas...   (Full Article)
4-5-2002
H&R Block teams up with VeriFone
World’s leading tax preparer selects VeriFone credit and check
conversion payment platform to improve payment processing efficiency
   VeriFone Inc., the worldwide leader in electronic payment solutions, has announced the installation of credit and check conversion solutions at more than 7,000 company-owned and franchise-operated H&R Block offices nationwide...   (Full Article)
4-5-2002
Pacific Northwest Financial
forms alliance with Raymond James
   Pacific Northwest Financial Service, Inc., a subsidiary of Pacific Northwest Bank, as entered into an agreement with Raymond James Financial Services to serve as its broker/dealer for financial service activities. Products and services offered include financial planning, investment products, portfolio management, trust and estate planning, insurance and annuity services and retirement plan consulting.
3-8-2002
Easy money!
(what every retail business owner should know)
By Christopher Mutchler, CPA
   Do yourself a favor. Look at your most recent financial statement. Does it contain a line item commonly referred to as “Cash (over) and short?” If so, why...   (Full Article)
3-8-2002
Women face special retirement challenges
They typically live longer and get paid less,
which makes planning more vital
By Theresa Korpela – Wells Fargo & Co.
   Whether you expect to spend you retirement improving your golf handicap, rocking your grandchildren, or circling the globe, careful planning is essential for a financially secure future. And planning is particularly vital for women because of the special challenges they face. For example...   (Full Article)
3-8-2002
Why hire a consultant?
By Doña Keating
   Why hire a consultant? Aside from the typical reason - cost effectiveness -a consultant can provide an objective and expert point of view without a vested interest in preserving the status quo. He or she can recommend effective strategies, which may have been previously overlooked. Consultants provide services in business, management, marketing and many more venues — providing expertise on everything from professional writing to image development...   (Full Article)
3-8-2002
Investment Watch changing format
By Ron Rada
   Beat the S&P. Easier said than done. Beginning with the next issue, several Kitsap County business owners will be selecting a portfolio of five stocks that they feel have a good chance of beating the S&P 500 index by the end of this year...   (Full Article)
3-8-2002
What to expect if you miss your tax filing deadline
By Bim Prince
   You probably have a lot of dead lines in your life, some more important than others. You tell your daughter to finish her homework by 8 p.m., but you’re willing to stretch it. You vow to get the basement cleaned before the weekend is over, but you know you’re kidding yourself. However, when the IRS sets a deadline of April 15 for your to file your taxes, guess what? They mean it...   (Full Article)
2-7-2002
IRS cautions taxpayers about new line on tax forms
   Internal Revenue Service says many early filers have made an error related to a new line on the federal tax form. This line is for the Rate Reduction Credit, which taxpayers use if they did not receive last summer’s Advance Payment in the maximum amount for their filing status...   (Full Article)
2-7-2002
Accounting firm offers Quickbooks
classes, business seminars
   The Port Orchard accounting firm of Southard, Beckham, Atwater and Berry recently completed a remodel of the building next to its offices that formerly housed the Green Valley Restaurant. The firm will use the facility for client training, including classes in the popular Intuit Quickbooks software, which is used by many small businesses...   (Full Article)
2-7-2002
10 Estate planning ideas
By Todd Tidball
   Your estate plan is an important task for you and your loved ones. Only through careful planning can you be assured that you and your beneficiaries will be cared for, as you desire. Here are 10 ideas for you to consider as you plan...   (Full Article)
2-7-2002
Property tax collection amounts finalized
   According to Kitsap County Tax Assessor Jim Avery, property tax collection amounts for 2002 have been finalized for all Kitsap County taxing districts...   (Full Article)
2-7-2002
Pacific Northwest announces earnings, stock repurchase
   The Board of Directors of Pacific Northwest Bancorp has authorized the purchase of up to 5 percent of its outstanding shares of common stock in the open market over the next twelve months...   (Full Article)
2-7-2002
Frank “money talk” key to advising, helping aging parents
By Theresa Korpela
   It’s said that Baby Boomers are in the “sandwich” generation because they’re wedged between two groups of people who demand their special care and attention: their kids and their aging parents. There’s plenty of instruction and advice for raising kids, yet little seems to be available to help Boomers through the challenges of parental aging...   (Full Article)
2-7-2002
IRS Tax Tips for seniors
   Seniors may quality for special tax credit. Seniors, age 65 and older, or retired on permanent and total disability, may qualify for a special tax credit. The Credit for the Elderly or Disabled can reduce your tax bill dollar for dollar, up to $1,125. You may qualify for this credit if...   (Full Article)