Our Story

Our roots run deep in this community. We started in Skagit County and we are the only community bank that is headquartered in Skagit. Local ownership means we have a vested interest in seeing our community succeed. 

That means we go above and beyond other banks. Using knowledge and expertise, our mission is to bring long-term success to our clients and our community. Whether you own a business, a home, or a dog, we are equal opportunity advocates, helpers, and champions of our clients. And whether you need assistance with your retirement, a new boat, your business, or just a good checking account, we are determined to help improve your life.

That means service with a smile. Convenient branches. Empathetic bankers. Plus, a commitment to keep bank funds local to help further the needs of the local economy.

When other banks are closing branches and forcing their customers online, we are opening branches—SaviBank understands how much a community relies on its local branches; from businesses handling their deposits and obtaining cash supplies, to economic development, to residents who prefer to bank in-person.

Our Vision

Be the best community bank in the areas we serve.

Our Mission

• Provide a profitable return to our shareholders and develop marketability and liquidity in our stock. Become the place to invest.
• Meet the needs of our customers and establish long term customer relationships. Become the place to bank.
• Provide stable employment, fair compensation, and career paths for our employees with opportunities for upward mobility and ownership. Become the place to work.
• Be a source of financial strength, support for and involvement in our communities. Become the place to support the community.
• Be a safe and sound financial institution with positive relationships with our regulators. Become a bank with high CAMELS ratings.

Our Values

• Honesty in all we do.
• Integrity in all our dealings.
• Respect for all with whom we work and do business.
• Collaboration/Communication—Positively working together to achieve common goals.

Our History 

We first opened as Business Bank, serving the Skagit Valley Community on April 11, 2005. 270 shareholders invested in the idea of a locally owned community bank that would serve local businesses and professionals.

The Burlington Branch was the first to open and was the corporate headquarters for the company until 2019 when the branch was relocated. The corporate headquarters is now located at the Blackburn Branch in Mount Vernon.

• April 2005

  The Burlington Branch was opened

• July 2006

  The Bellingham Branch was opened.

• April 2008

  The Mount Vernon branch opened in a temporary building while construction took place next door for a permanent location. The new building was completed and opened in fall of 2008.

• May 2013

  The Anacortes Loan Center was opened.

• July 2014

  The Oak Harbor Loan Center was opened.

• January 2015

  Business Bank officially changed its name to SaviBank. Along with a new logo featuring an owl, the new name symbolizes our mission to use our knowledge to provide savvy guidance to our customers.

• March 2016

  The Freeland Loan Production Office was opened.

• March 2016

  The Oak Harbor Full-Service Branch was opened.

• April 2017

  The Freeland Full-Service Branch was opened.

• October 2017

  Bellingham branch was relocated.

• January 2019

  The Mount Vernon College Way Branch was opened.

• March 2019

  The Sedro-Woolley Branch was opened.

• March 2019

  The Burlington Branch was relocated.

• May 2019

  The Oak Harbor Branch was relocated.

• September 2019

  The Anacortes Full-Service Branch was opened.

• October 2019

  The Concrete Branch was opened.

• May 2021

  Acquired the Coastal Community Bank Branch in Freeland and relocated our Freeland branch to that location.

• May 2022

  The Friday Harbor Loan Production Office was opened.

• August 2022

  The Olympia Loan Production Office was opened.

• September 2022

  The Friday Harbor Full-Service Branch was opened.

• December 2022

  The Orcas Island Loan Production Office was opened.

• December 2023

  The Anacortes Branch was relocated.