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Bank of Clark County grows
to $164 million, names executive VP and chief credit officer
David Kennelly, West Lynn,
has been named executive vice president and chief credit officer of
the Bank of Clark County, which in its first five years, ending Dec.
31, according to the bank’s president,
Mike Worthy, has grown to $164 million in
assets.
David Kennelly
Kennelly has 20 years of
banking experience. He had been a director of small business credit
risk management for a multi-billion dollar Midwest financial
institution.
The bank, founded in
February 1999, recorded net income of $1.27 million for 2003, up 21.28
percent from the previous year. Net income equated to $1.39 per share
for its 410 local shareholders.
According to Worthy, the bank
has made $352 million in loans to businesses and another $48.7 million
in home loans. The bank offers free courier service and free cash
management services over the Internet.
Washington home sales set a
record in 2003
A record 156,880 homes were
sold during 2003, a record that eclipsed the former record in 2002 by
17.8 percent, according to the Washington Center for Real Estate
Research at Washington State University.
Reflecting strong sales the
median price resale home sold during the year carried a price tag of
$203,800, but by the fourth quarter the median price had risen to
$205,700.
Mike Flynn, president of the
Washington Association of Realtors, said that low mortgage rates were
offsetting high prices, keeping housing affordable.
The lowest priced houses were
in King County, while the highest priced ones were in San Juan and
Jefferson Counties.
Clark County, along with
Cowlitz, Benton, Spokane and Yakima Counties, is offering affordable
housing in the medium range, according to the report.
Legislative town meetings
coming next week
Legislators have scheduled two
town hall meetings for 10 a.m. Saturday, Feb. 21.
Republican State Sen.
Don Carlson and Democratic
state Reps. Bill Fromhold and
Jim Moeller are holding their
49th District meeting in Clark Public Utilities’ community room, 1200
Fort Vancouver Way.
Democratic State Rep.
Deb Wallace will conduct the
17th District Town Hall meeting in the Wy’east Middle School
auditorium, 1112 SE 136th Avenue.
YWCA wants local artists
work for exhibits
Artists are being encouraged to
produce work for two exhibits in the YWCA of Clark County complex this
year.
Two themes are being presented,
one on positive connections across generations, the other, on
counteracting violence.
Exhibitors are to make
applications by Friday,. March 5. For further information, call
Al Flory at
696-0167.
First Indy gets five star
rating
First Independent Bank has
again earned a 5-Star rating from BauerFinancial Inc., Coral Gables,
Fla., the nation’s leading independent bank rating company.
Five stars denote the absolute
highest level of banking performance, according to
Karen Dorway, president of the
rating company.
For having earned the quarterly
rating consecutively over the past ten years, First Independent Bank
is also rated as an Exceptional Performance Bank. The bank has earned
the 5-Star rating in each quarter for the past 15 years.
News briefs
The final meeting in a series
being presented by the Evergreen School District on new high school
graduation requirements is at 6:30 p.m. today in the Wy’east Middle
School, 1112 SE 136th Avenue.
nnn A
networking seminar sponsored by the Greater Vancouver Chamber of
Commerce and presented by Kathy Condon
is at 8 a.m. Friday, Feb. 13, in chamber offices, 1101 Broadway. Cost
of the seminar is $40. For further information, call
694-2588. |
