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.

President/CEO Jim Carmichael said, “We are very pleased to announce the expansion of our facility and services in Bonney Lake. Our goal is to offer great service and a wealth of experience to businesses and residents in the Sumner-Lake Tapps area, all the while providing the stability of a locally owned and operated community bank.”

According to Carmichael, Olympic Bank has already broken ground, with construction slated to begin immediately. “We expect to move into our new building during in early 2005,” Carmichael said.