Business

New chief financial officer joins Kitsap Bank

Alan Crain - Photo courtesy of Kitsap Bank
Alan Crain
— image credit: Photo courtesy of Kitsap Bank

Alan Crain has joined Kitsap Bank as executive vice president and chief financial officer.

Kitsap Bank said Crain comes to the bank with more than 25 years of experience in community banking.

“Alan has a broad background in finance, accounting, investment management, information technology, public finance, mortgage banking, and overall bank operations,” said Anthony George, president and chief operating officer at Kitsap Bank.

“We are excited to have such a high-quality and well-respected banker join Kitsap Bank in this critical role," George said. "Alan’s experience and background are the perfect addition to our executive team as we look to the future of our organization. We are very pleased to welcome him to Kitsap Bank.”

Crain most recently served as chief financial officer at Seattle Bank where he worked with management and local investors to restore the distressed bank to profitability. Previously, he spent 14 years as the CFO at Cashmere Valley Bank where he worked with management and the board to grow the bank from $275 million in assets to over $1 billion. During his tenure, he started and managed the bank’s public finance division and managed the bank’s investment portfolio while overseeing all accounting and finance functions of the bank.

Crain is an executive committee member and chairman of the Governance Committee for the Washington Business Alliance and serves on the advisory boards of Mont Vista Capital, an alternative energy investment bank and Central Washington University’s College of Business. He is also active in the American Bankers Association, the Washington Society of CPA’s and various other local nonprofit organizations.

He is a 1987 graduate of Central Washington University with a bachelor of science degree in accounting, as well as a 1996 graduate of the Pacific Coast Banking School at the University of Washington.

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