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Originally published Tuesday, February 7, 2012 at 5:09 PM

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Kitsap Bank triples annual profit

Kitsap Bank said Tuesday its 2011 profit was $7.5 million, compared to $2.4 million in 2010. The Port Orchard bank's assets grew to $903...

By Seattle Times business staff

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Kitsap Bank said Tuesday its 2011 profit was $7.5 million, compared to $2.4 million in 2010.

The Port Orchard bank's assets grew to $903 million, a $16 million increase over the prior year.

Kitsap Bank also said it had recently raised $12.4 million in additional capital.

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