About Kitsap Bank
Kitsap Bank is a company based in Port Orchard (United States) founded in 1908 was acquired by 1st Source Bank in September 2025.. Kitsap Bank has raised $7.72 million across 2 funding rounds from investors including 1st Source Bank. The company has 258 employees as of December 31, 2021. Kitsap Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Port Orchard, United States
- Employees 258 as on 31 Dec, 2021
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Kitsap Bank
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.72 M (USD)
in 2 rounds
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Latest Funding Round
$35 M (USD), Debt – Conventional
Jul 21, 2020
- Investors
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Employee Count
258
as on Dec 31, 2021
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Acquired by
1st Source Bank
(Sep 30, 2025)
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Funding Insights of Kitsap Bank
Kitsap Bank has successfully raised a total of $7.72M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $35 million completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $35.0M
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First Round
First Round
(18 Jan 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Debt – Conventional - Kitsap Bank | Valuation |
investors |
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| Jan, 2011 | Amount | Series A - Kitsap Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kitsap Bank
Kitsap Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include 1st Source Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking services are provided throughout the United States.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kitsap Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kitsap Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kitsap Bank Comparisons
Competitors of Kitsap Bank
Kitsap Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Kitsap Bank
When was Kitsap Bank founded?
Kitsap Bank was founded in 1908 and raised its 1st funding round 103 years after it was founded.
Where is Kitsap Bank located?
Kitsap Bank is headquartered in Port Orchard, United States. It is registered at Port Orchard, Washington, United States.
Who is the current CEO of Kitsap Bank?
Steve Politakis is the current CEO of Kitsap Bank.
Is Kitsap Bank a funded company?
Kitsap Bank is a funded company, having raised a total of $7.72M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7.72M, raised on Jan 18, 2011.
How many employees does Kitsap Bank have?
As of Dec 31, 2021, the latest employee count at Kitsap Bank is 258.
What does Kitsap Bank do?
Kitsap Bank was founded in 1908 as a commercial bank headquartered in Port Orchard, Washington. Operations are focused on serving businesses and individuals through standard banking services, including deposits, loans, and financial management. The bank operates primarily within the Pacific Northwest region of the United States, maintaining a community-oriented approach to local economic needs. Leadership is provided by CEO Steve Politakis.
Who are the top competitors of Kitsap Bank?
Who are Kitsap Bank's investors?
Kitsap Bank has 1 investor. Key investors include 1st Source Bank.