Business briefing | May 28

Readerboard wins BIDA’s award for Best Window Display

Town & Country Market won this month’s Best Window Display award from the Bainbridge Island Downtown Association for its readerboard, a prominent feature of the Winslow landscape.

The grocery store won the blue ribbon for its on-going and creative reader- board.

The board serves as a means to spread the word about athletic achievements, events in the community or any number of other messages.

Town & Country opened its doors as the island’s first supermarket on Aug. 29, 1957, the collaborative effort of locals John and Mo Nakata and Ed Loverich. The store is now owned by third- generation Nakata family members who still work throughout the company.

Bainbridge Island Downtown Association’s Design Committee selects a new Best Window Display winner each month, based on creativity, color, originality and display. Each January the committee will choose an annual “Best of the Year” from the previous year’s winners.

For more information, contact the Bainbridge Island Downtown Association at 842-2982, or visit

Kitsap Bank named to interest rate honor roll

Kitsap Bank was named one of the best banks in the country in terms of low-interest rate risk.

The Port Orchard-based institution was named to the Echo Partner’s Interest Rate Risk Honor Roll, with a score of 100, the highest score possible. Of the 7104 banks graded nationwide, only 191 rated a score of 100.

Kitsap Bank’s rating shows that it has the least organic interest rate risk, as measured on the Interest Rate Risk Grader system, which evaluates banks’ funds, earnings and value subsequent to changes in interest rates.

Established Aug. 8, 1908, Kitsap Bank is headquartered in operates 24 locations spread throughout Western Washington.

With nearly $900 million 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.

“Kitsap Bank is proud of our century-old tradition of sound, conservative financial management,” Jim Carmichael, president and chief executive officer, said in a press release.

“This rating exemplifies the strength and security of Kitsap Bank, and demonstrates our ability to move forward in the toughest economic environment we have seen in decades,” he added.

Grand Old Fourth celebration coming up

The deadline to submit street fair exhibits, parade floats or classic cars for the Grand Old Fourth of July Celebration is June 25.

This will be the 43rd year of the celebration, and it will take place all day July 4 in downtown Winslow.

The day-long celebration will feature a street fair, classic car show, fun runs, an historic baseball game, and a beer and wine garden. The highlight of the day is the annual parade, which begins at 1 p.m. this year.

For street fair booth, parade and car show forms, visit the Bainbridge Chamber of Commerce’s Web site (, or go to the office at 395 Winslow Way East.

The chamber is also seeking volunteers to stage the events. If interested, people are encouraged to call the chamber at 842-3700.

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