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Kitsap Bank to build new facility
in Bonney Lake |
| Olympic Bank, a division of 96-year-old Kitsap Bank, recently announced its intention to build a new full-service branch at 19520 SR 410 in Bonney Lake... (Full Article) |
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Is your money working hard enough?
By Jeff Thomsen |
Now that Labor Day is behind us — the day when we “officially” recognize the contributions that workers have made to this country — why not also consider how hard your money is working for you? You may be surprised by what you find.
Don’t Overload on “Lazy” Investments... (Full Article) |
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Learn from the “habits” of successful investors
By Pam Piper |
| Warren Buffet, possibly the most well-known individual investor around, says that successful investing boils down to two simple rules. Rule No. 1 is Don’t lose money. And Rule No. 2? Don’t forget rule No. 1... (Full Article) |
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WEDA honors Sen. Tim Sheldon
with LEADER award |
| The Washington Economic Development Association (WEDA) announced that Senator Tim Sheldon is one of four legislators who have been selected as the first recipients of the organization’s annual WEDA LEADER appreciation award. The WEDA board of directors created this new honor during its July annual meeting to acknowledge the exceptional efforts of certain legislators to improve the economy of Washington State... (Full Article) |
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Money Wi$e Women Forum set |
| Women are invited to attend the free Money Wi$e Women Forum at the Olympic College campus in Poulsbo on Saturday, Sept. 18 from 9:30 a.m. - 4 p.m. The event offers a choice of four breakout sessions and a presentation on financial fitness, minimizing the risk of identity theft and the importance of Social Security... (Full Article) |
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Bank earns 5-star rating |
| First Federal Savings & Loan Association of Port Angeles has earned a 5-star rating from Bauer Financial Inc. The rating is based on a complex formula that factors in a host of relevant data, including but not limited to, capital safety levels, the quality of its loan portfolio, its ability to meet obligations, historic performance, and profitability... (Full Article) |
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Timberland Bancorp announces Q2 earnings |
| Timberland Bancorp, Inc. the holding company for Timberland Bank, recently reported net income of $1.45 million, or $.39 per diluted share, for the quarter ended June 30. This represents an eight percent increase in earnings per share from the prior quarter ended March 31 and a three percent increase from the same period a year ago... (Full Article) |
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Kitsap Credit Union names new loan officer |
| Kitsap Credit Union has named Steve Fischer as its newest loan officer. Fischer, a native of Bremerton, brings over twelve years of mortgage experience to this position and will concentrate on the Bainbridge Island, Poulsbo, and Kingston office areas. |
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Money Wi$e Women Forum set |
Women are invited to attend the free Money Wi$e Women Forum at the Olympic College campus in Poulsbo on Saturday, Sept. 18 from 9:30 a.m. to 4 p.m.
The event offers a choice of four breakout sessions and a presentation on financial fitness, minimizing the risk of identity theft and the importance of Social Security... (Full Article) |
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County successful in landing federal dollars
for Highway 305 project
Citizen support and input now needed |
| Kitsap County Commissioner Chris Endresen recently announced that the county has landed a $2,672,183 federal transportation award that will fund a portion State Route 305 (Bond Road through Poulsbo. This brings the total amount of federal funding committed to the project so far to $3,072,183... (Full Article) |
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Frontier Financial announces
increased Q2 earnings |
| Frontier Financial Corporation, the holding company that owns Frontier Bank, recently announced earnings for the quarter ending June 30. Net income increased 3.0 percent to $10.5 million compared with net income of $10.1 million in 2003, primarily as a result of an increase in net interest income for 2004 of $1.4 million, or 5.9 percent... (Full Article) |
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Generations X and Y prefer
different benefits than boomers |
| Gen X and Y employees take a different approach to workplace benefits than their baby boom predecessors and expect and demand different employee perks, according to a speaker at a recent Employee Management Association Conference... (Full Article) |
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Wells Fargo expands community
private banking
Barbano heads South Sound, Peninsula area banking stores |
| Gig Harbor resident Lysa Barbano has been named vice president and private banking manager for the South Sound as part of Wells Fargo’s new Washington Community Private Banking initiative... (Full Article) |
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Playcare relocates, owner receives
Washington CASH loan to expand |
Playcare, an in-home, last minute, drop-in childcare business in Bremerton has moved to 2717 Athens Way, off McWilliams road by the Rolling Hills Golf Course.
Carrie Jones, owner of Playcare has also received the first Kitsap Washington CASH $5,000 group loan and plans to use the funds to create more space for the childcare business.
Playcare can be reached at (360) 692-6200 or anitabreak@comcast.net. |
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Kitsap wins NACo economic award |
| The National Association of Counties (NACo) recently honored Kitsap County with its 2004 Achievement Award for its role in the Bremerton Economic Renewal: Government Center project. NACo noted the high caliber of the County’s participation, saying it was a program that “promoted responsible, responsive and effective county government.” |
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Local CFP qualifies as gold financial advisor |
Peter J. Taafe, CFP, CRPC, of American Express Financial Advisors has recently qualified to offer the new “Gold Financial Services” locally.
Gold Financial Services is designed to create a personal financial strategy, to simplify and coordinate an individual or couples’ financial picture, and provide access to special benefits, preferred products and services.
Taafe can be reached at (360) 377-9200. |
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KeyBank offering new small biz services |
KeyBank is offering free business checking (Business Basics checking only) to new small business clients in South Puget Sound through Sept. 30. It’s checking account is non-interest bearing and suited for small businesses with low monthly transaction activity.
Also, KeyBank will offer an alternative to those individuals who do not qualify for a traditional account. Key Checkless Access has been designed to provide immediate access to direct deposit paychecks via Key’s nationwide ATM network, and is an alternative to costly check cashing facilities, providing customers with the convenience of a regular checking account without the hassles of writing checks and balancing a checkbook.
For information visit www.key.com. |
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Timberland Bank opens in Gig Harbor |
Michael R. Sand, President of Timberland Bank recently announced the opening of a new branch in Gig Harbor. The full service branch is the 16th office for Timberland and the fifth branch located in Pierce County.
The branch was renovated from the former Gig Harbor City Hall at 3105 Judson St., across from the Gig Harbor post office.
Long-time Gig Harbor resident, Richard Pifer will manage the branch, assisted by Teri Thayer, customer service supervisor. |
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NAPMW: Kitsap County’s newest
business group |
The National Association of Professional Mortgage Women (NAPMW) recently chartered a local group which has elected officers. They are: Sue Nopp, Peninsula Community Federal Credit Union, president; Sally Dowling, First American Title Insurance Co., president elect; Mari Wilbur, Peninsula Community Mortgage, treasurer, and Tammy Nilsen, Peninsula Community Federal Credit Union, secretary.
NAPMW is an educational and networking association, with a network spanning nearly 60 local affiliates and composed of over 3,700 individual members throughout the United States.
Membership meetings are held at the Silverdale Red Lion (Silverdale Hotel) the second Wed. of each month at noon.
For more information contact Sue Nopp at (360) 337-2520 ext. 3403 or Sally Dowling at (360) 692-9314. |
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Venture Bank to sell seven branches
Latest move in Venture’s strategic plan for focused growth |
Publicly-held Venture Financial Group, Inc., the parent company of Venture Bank, which operates a branch in Gig Harbor, recently announced it has signed an agreement to sell seven branches in three counties to Timberland Bank.
The move was billed as part of Venture’s strategic plan for focused growth along the I-5 corridor.
Terms of the purchase and assumption agreement call for the sale of Venture Bank branches in Toledo and Winlock, in Lewis County; Elma, Montesano, Hoquiam and Aberdeen, in Grays Harbor County; and the Panorama City branch in Olympia, in a single transaction.
The sale, approved by the Bank’s Board of Directors, is subject to customary regulatory approval, and is anticipated to close in Q3 of this year. |
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WFL elects McCormick chair |
Karen L. McCormick, president and chief executive officer of First Federal Savings & Loan Association of Port Angeles, which operates a mortgage office in Poulsbo, has been elected Chairman of the Board of Directors of the Washington Financial League (WFL). The WFL is a trade group representing all savings and loan associations and savings banks with offices in the state of Washington, as well as several community banks. Her term runs from July 2004 through June 2005.
McCormick began her career in 1977 at First Federal as a teller. Over the past 27 years she has held numerous positions, including branch manager, compliance officer, and director of lending. In 1997 she was named president and chief executive officer. |
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Wells Fargo names new store managers |
Cindy Reuter has been named manager for Wells Fargo’s Port Orchard store located at 1488 Olney St. SE. She will lead a nine-member team, after most recently serving as a manager for Wells Fargo’s West Seattle store. Reuter began her financial services career in 2002 as a branch manager for U.S. Bank.
Michael Cruz has been named manager for Wells Fargo’s Gig Harbor store at 5501 Soundview Dr. Cruz heads a 12-member team there and most recently served as a manager in Wells Fargo’s Puyallup store after previously working as a district manager for a retail camera manufacturer.
Suzanne Lopez, Wells Fargo vice president and district manager for the South Sound, made the announcements. |
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When should you rebalance your 401(k)?
By Todd Tidball |
| Your 401(k) plan is an excellent retirement-savings vehicle – so don’t let it “stall out.’’ How can you help keep your 401(k) moving forward? For starters, make sure you periodically rebalance the investments within your plan... (Full Article) |
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Credit Union board names
new executive officers |
| Kitsap Credit Union’s Board of Directors recently announced the election of its new executive officers. The board of directors and committee members serve as non-paid representatives of the members. The following directors were elected to serve on the executive committee... (Full Article) |
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Kitsap Bank promotes two |
Kitsap Bank recently announced the promotion of Leslie Peterson to vice president/branch manager of the Poulsbo branch and Denise Hike to assistant vice president/manager of the Silverdale Mortgage Division.
Peterson recently transferred to the Poulsbo location from the Silverdale Mortgage Division. An 18 year banking veteran, Peterson has been with Kitsap Bank for 4 years.
Hike began her banking career 20 years ago and has been with Kitsap Bank since 1992. |
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New tax laws expand
your investment opportunities
By Pat McFadden |
| You’ve probably seen a lot of headlines on the Tax Relief Act of 2003. This legislation, recently signed into law by President Bush, will affect virtually everyone in the country. As an individual investor, you’ve got reasons to cheer the new tax laws. Many people will find that their taxes will decrease five percent or more under the new tax laws... (Full Article) |
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Viking Bank posts record Q1 earnings |
Viking Bank achieved record earnings for the first quarter of 2004, according to Patrick Redmond, the bank’s president and CEO.
This continues a trend of growth which has realized a 158 percent increase in total assets in the last five years. At Dec. 31, 2003, net income had grown 46 percent, from $2,320,000 at year end in 2002 to $3,379, 000 in 2003... (Full Article) |
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Revenue earns clean audit
for 12th straight year |
| State Auditor Brian Sonntag recently announced that no irregularities were found during an annual review of the state Department of Revenue’s operations and procedures. The auditors found the department had complied with state laws and regulations as well as its own policies and procedures. Also, the internal controls were reviewed and areas that have the potential for abuse and misuse of public resources were closely examined. |
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Realistic outlook pays off for investors
By Mike Shahrezaei |
| If you’ve been investing for at least a decade, you’ve already seen a lot of ups and downs in the financial markets. This year, you may be wondering: “What’s next... (Full Article) |
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Viking Bank posts strong profits
and market growth |
| Ballard-based Viking Bank, which operates a branch in Poulsbo, announced a 19 percent in crease in total assets for 2003, posting $256,767,000. The announcement was made by Patrick Redmond, the bank’s president and chief executive officer... (Full Article) |
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Kitsap Community Foundation
honors local philanthropists |
| The Sixth Annual Celebration of Philanthropy will be held Thursday, May 13th at 6 p.m. at Kiana Lodge in Poulsbo, to recognize local individuals and businesses for their contributions of time and resources to benefit the community... (Full Article) |
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Peninsula Paint Company purchases
three paint stores |
| Peninsula Paint Company, a newly created entity, has purchased three paint stores on the Kitsap and Olympic Peninsulas that were formerly owned by Benjamin Moore Paint Co... (Full Article) |
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KPS offers updated plan for Chamber members |
As of April 1, Bremerton-based KPS Health Plans began offering an updated Chamber Gold Plan for chamber associations.
The updated plan, which took effect beginning May, 1, improves on the previous Chamber Gold Plan by incorporating new benefits for maternity, mental health and Temporomandibular Joint Dysfunction... (Full Article) |
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Washington Federal reports Q2 loss |
| Washington Federal, Inc., parent company of Washington Federal Savings, recently announced earnings of $32.5 million or $.41 per diluted share for the quarter ended March 31, compared to $37.7 million or $.49 per diluted share for the same period one year ago, a 13.7 percent decrease... (Full Article) |
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Washington Restaurant Association
endorses Rossi |
| The Washington Restaurant Association (WRA) has announced its endorsement of gubernatorial candidate Dino Rossi. The Republican candidate said the endorsement will add tremendous momentum to his effort while unveiling the first part of his platform for creating jobs and boosting Washington’s economy... (Full Article) |
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Kitsap Bank to open second branch
in Gig Harbor |
Kitsap Bank, Commodore Sponsor of Maritime Gig, has announced its intention to open a second Gig Harbor location at 7109 Pioneer Way.
President and CEO Jim Carmichael said, “We were quite fortunate to acquire an office previously operated by Pacific Northwest Bank... (Full Article) |
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Local Rotarian attends conference in Russia |
Niels Nielsen, past president of the Port Orchard Rotary club, recently attended an international Rotary conference in St. Petersburg Russia.
Nielsen was one of the few delegates who were invited to dine at the residence of the Consul General of the United States. The U.S. Ambassador to the Russian Federation, Alexander R. Vershbow, residing in Moscow was also in attendance. |
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Silverdale Chamber of Commerce to host expo |
The Silverdale Chamber of Commerce is hosting a home-based business expo at Kitsap Mall on August 14. The one-day event is designed to draw attention to the viability of home-based businesses and to provide opportunity for owners to market themselves to a large audience.
Space is limited, for an application or more information call the Chamber office at (360) 692-6800. |
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Moline joins Kitsap Bank
in marketing department |
Sarah Moline has joined Kitsap Bank/Olympic Bank as marketing coordinator. Moline has previous experience in marketing, client relations, developing strategic business and marketing plans, and project management.
According to Shannon Childs, Vice President/Marketing Director, “Sarah comes to Kitsap Bank with excellent experience and educational background for the position, and strong roots in the community. We are very pleased to have her on board.” |
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New tax laws expand
your investment opportunities
By Ron Rada |
| You’ve probably seen a lot of headlines on the Tax Relief Act of 2003. This legislation, recently signed into law by President Bush, will affect virtually everyone in the country. As an individual investor, you’ve got reasons to cheer the new tax laws. Many people will find that their taxes will decrease 5 percent or more under the new tax laws... (Full Article) |
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How to make the most of your 401(k)
By Mike Bentz, Waddell & Reed |
| These plans have been battered by the sour stock market of 2000 – 2002, corporate scandals, and the mutual fund scandals. Despite this, employee-funded retirement plans, in one form or another, will remain the primary source for building retirement assets for millions of workers. Here are some key ways to make the most of your... (Full Article) |
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McCoy joins Kitsap/Olympic Bank |
| Kitsap/Olympic Bank recently announced the addition of Financial Advisor Susan McCoy at its Olympic Investment and LPL Financial Services Center, located in the lobby of Kitsap Bank in Poulsbo... (Full Article) |
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State Collection Agency Board
seeks new member |
| The State of Washington Collection Agency Board has an open board member position. The board is seeking a public representative to begin immediately and serve on the board until December 31, 2007. The five-member board is appointed by the Governor to conduct disciplinary hearings and administer state law... (Full Article) |
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