July 4, 2022

Eastside Business

News on the Eastside of Lake Washington


Kitsap Bank was recently honored with the Strong Communities (Urban Category) Award in the FHLB Des Moines competition. FHLB annually honors the projects, people, and programs that promote small business growth and retention and also highlights the work that the FHLB’s member institutions are doing every day to help their communities thrive.  Kitsap Bank was one of just three financial institutions in thirteen states and three U.S. Pacific territories selected as a finalist.  

Kitsap Bank was recognized for its edg3 FUND small business competition, which saw its inaugural year in 2014.  Committed to taking small businesses to the next level, Kitsap Bank’s edg3 FUND (rhymes with hedge fund) competition was created to recognize entrepreneurs dedicated to growing our community economically, socially, and environmentally.   The competition recently wrapped up its second year, with over 60 entrepreneurs from the Greater Puget Sound region vying for the cash prize of $20,000.  Olympia-based OlyKraut topped the live competition on November 12 in Bremerton, taking home the $20,000 prize.  For additional information on edg3 FUND, visit www.kitsapbank.com/edg3-fund
 “We are extremely pleased to be recognized by the FHLB Strong Communities program, “remarks Tony George, Kitsap Bank President/COO.  “We are honored to stand alongside other financial institutions that have chosen to strengthen their local communities by promoting the growth of local small businesses.”
The Federal Home Loan Bank of Des Moines is a member-owned cooperative that provides funding solutions and liquidity to nearly 1,500 financial institutions to support mortgage lending, economic development and affordable housing in their communities. Serving 13 states and three U.S. Pacific territories, FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. The Des Moines Bank is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.
Kitsap Bank’s edg3 FUND small business competition earned accolades earlier in 2015, when it was named the Best Private Sector Project at Marketing Northwest’s statewide awards competition.  At the same event, Janet Silcott, Kitsap Bank’s AVP/Marketing Officer, was also honored with the Bronze M award for her edg3 FUND logo design.
Established August 8, 1908, Kitsap Bank is headquartered in Port Orchard, WA, operating 21 locations throughout Western Washington.  With over $1 billion in assets, the Bank provides a full range of financial services to commercial and individual customers.  Kitsap Bank has been named a Preferred Lender by the U. S. Small Business Administration, a Corporate Philanthropist by the Puget Sound Business Journal, and has received a 5-Star rating by BauerFinancial, Inc., the nation’s leading independent bank rating firm.  Kitsap Bank is ranked the 10th largest bank based in the State of Washington and is the second largest woman-owned business, according to the Puget Sound Business Journal.  The Bank was recently named Family Owned Business of the Year by Seattle Business magazine.  For more information, visitwww.kitsapbank.com and follow us on Facebook, LinkedIn andTwitter
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