May 2013 Vol. 26 No. 5
The Voice of Kitsap Business since 1988
Bainbridge clothing store closing, pg. 18
Makeover into a marketplace Manette bike shop, pg. 31
Inside Special Reports: Banking & Finance, pp 6-17 Golf & Recreation, pp 28-33 People, pg 2 Real Estate, pg 23 Technology, pg 26 Human Resources, pg 27 Automotive, pp 34, 35 Editorial, pp 36-38 Home Builders Newsletter, pp 19-22 By Tim Kelly, Editor A year after plans for the Port Orchard Public Market were announced, the site of businessman Don Ryan’s ambitious project had an open-air feel when he took several prospective market vendors inside recently. The long-vacant Bay Street building was missing its roof — but that was a sign of progress. The building that’s been empty since the Slip 45 nightclub closed several years ago has been gutted, and interior work to transform the space is in progress under a
Tim Kelly photo
Crews work on the upper frame of a clear story skylight on the roof of the building on Bay Street where the Port Orchard Public Market is being built. new roof. Rising above the building’s flat roof is the 25-by-50-foot frame for the clear story skylight over the market’s central area. When work is completed, there will be a new façade above the Bay Street entrance, Cover Story, page 4
Local banks, credit unions keep pace with growing interest in mobile banking By Rodika Tollefson If you’re one of those people who whip out their smartphones while standing in the grocery line and transfer money between two accounts before getting to the checkout, you’re in good company. A Federal Reserve report released in March estimates that 50 percent of smartphone owners used mobile banking in 2012 (a 33 percent increase from a year before) — and transferring between accounts is the second-most common use, after checking balances and recent transactions. While large national banks started offering mobile banking several years ago, local and community banks and credit unions are quickly catching up. Two years ago, some offered mobile banking through web browsers. Last year, however, several rolled out mobile apps, and others are following suit this year or actively exploring options. “It has been a hot topic behind the scenes. We talk about that generation that’s coming into banking and we hear from clients they want mobile apps,” said Jennifer Carrier, Liberty Bank assistant vice president and branch manager. “On the other side,
Mobile, page 8