Kitsap Bank in Port Orchard, Wash., has hired a chief financial officer.
The $900 million-asset bank said Wednesday that Alan Crain previously served as chief financial officer at Seattle Bank. His background also includes a 14-year stint as CFO at Cashmere Valley Bank, which nearly quadrupled in size to $1 billion in assets while he was there.
Crain succeeded Anthony George as CFO on Jan. 2, a bank spokesman said. George was promoted to president and chief operating officer.
Crain "has a broad background in finance, accounting, investment management, information technology, public finance, mortgage banking, and overall bank operations," Anthony George, Kitsap's president and chief operating officer, said in a press release. "We are excited to have such a high-quality and well-respected banker join Kitsap Bank in this critical role."
Crain also serves as an executive committee member and chairman of the Governance Committee for the Washington Business Alliance. He is also on the advisory board of Monta Vista Capital, an alternative energy investment bank.
Kitsap has 20 branches in western Washington.