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November 2011

LIBERTY BAY BANK REPORTS PROFIT!

President & CEO Rick Darrow states "We are extremely pleased with our earnings and honored by the positive response we have received from our local community. Our clients and neighbors recognize the value of having a community partner such as Liberty Bay Bank. We are privileged with being Kitsap County’s locally owned community bank.”

Liberty Bay Bank reports strong loan growth in Kitsap County for the first 9 months of 2011. With loan totals of $ 32.1 million, Liberty Bay Bank is # 1 in portfolio loan growth of banks based in Kitsap County. While most banks are shrinking their loan portfolios, Liberty Bay Bank is committed to providing loans to local businesses and individuals.

“While we are happy with our growth, we are also very focused on building a strong organization that is here for the long term. This is reflected by our 3rd quarter Risk-Based Capital Ratio of 21.59%. Only six banks in Washington State carry a higher ratio.”

Liberty Bay Bank was recently recognized by the Puget Sound Business Journal as having the highest credit quality of all banks based in the State. The quality of a Bank's loan portfolio is critical to the longevity and safety for both depositors and investors.

Liberty Bay Bank is a full-service community Bank based in Poulsbo. With specialized products and services for businesses, non-profits and consumers, Liberty Bay Bank is striving to be the Bank of choice in Kitsap County.

Featured Story

Liberty Bay Bank of Poulsbo is partnering with the Jewel Box to be a Presenting Sponsor for the theater's entire 2011-12 season, which will run from September 2011 through August 2012.

Liberty Bay Bank's mission is to be the community bank of choice for businesses, professionals and individuals by providing personal relationship banking, responsible financial solutions and uncompromising customer care. The bank opened in 2009, and it has quickly established itself as the leading community bank in the region. The bank has partnered with the theater before as an individual show sponsor, and it has partnered with other nonprofits in the area, including North Kitsap Fishline. The bank is led by President Richard Darrow.

"We're thrilled to partner with Liberty Bay Bank as a Presenting Sponsor for our upcoming new season," said Gary McVey, president of the Jewel Box Theatre. "We've been one of the bank's customers from the beginning, and we've experienced first-hand the tremendous service they provide. They're a community bank that truly supports and invests in our community. There's a nice symmetry to Poulsbo's community bank and its community theater partnering together."