Steve Politakis

Steve Politakis was named the Chief Executive Officer of Kitsap Bank and the President and Chief Executive Officer of Olympic Bancorp, the holding company for Kitsap Bank, on July 1, 2012. Steve joined Kitsap Bank in 2002 as a Senior Vice President and Chief Credit Officer and was promoted to Executive Vice President one year later.

At Kitsap Bank, Steve has played an integral role in growing the bank from $400 million to just over $1.4 billion in assets. During his tenure, the bank has had solid, consistent growth in core deposits with one of the lowest cost of funds in the Pacific Northwest. Under his leadership, the bank has maintained a well-diversified loan portfolio with excellent credit quality. During the great recession, Steve was instrumental in reducing exposure in riskier assets and the bank continues to maintain a strong credit culture.

As a privately held institution, the bank’s female family ownership, has provided a long-term vision of independence. This environment, along with consistent organic growth, allowed the bank to methodically acquire several financial institutions including, Mariner Bank based in Port Townsend, the deposits of Westsound Bank in Bremerton and Fife Commercial Bank based in Fife.

A commercial banker in the Puget Sound region for over 37 years, Steve began his career at Rainier Bank and also held senior management positions with Puget Sound Bank and Key Bank. Steve is a graduate of Washington State University, Northwest Intermediate Banking School and graduated with honors from Pacific Coast Banking School. He also attended the ABA Wharton CEO Leadership Lab in 2018. He is a life-long resident of the Puget Sound region and has been involved in numerous non-profit organizations, including United Way, Junior Achievement, Tacoma Youth Symphony and Bremerton Symphony. Steve is on the Board of Pacific Coast Banking School and is a member of the Washington Banker’s Association where he Chair’s the Education Committee. He is also a member of the Risk Management Association, serves on the Admiral Theatre and the Bremerton Symphony Endowment Boards and is the past chair of the Kitsap Economic Development Alliance Board.