Deposits at bank
branches in Kitsap County topped $3 billion for the first time
in 2016, according to data from the Federal
Deposit Insurance Corporation.
Deposits spread across the 58 bank branches in the county totaled more than $3.005 billion at the end of June.
That number did not include deposits at credit union branches.
Deposits flattened during the recession, but increased steadily each year since 2012:
Sixteen banks operated offices in Kitsap in 2016. Two — Kitsap Bank and Liberty Bay Bank — are headquartered in the county.
Port Orchard-based Kitsap Bank had the most offices in the county, with 11. Bank of America reported highest deposit total, with $653.25 million (Kitsap Bank was a close second with $637.36 million).
Here’s a sortable table breaking down banks with a brick-and-mortar presence in our county:
KitsapCU has over $1B in deposits; NFCU, AlaskaFCU, Community CU, and PeninsulaCU, the teachers’ CUs, and BECU (Boeing) plus many more CUs in the area likely have a total close to what the banks have here. Why anyone would use a bank instead of a credit union is beyond me.