News
SaviBank Donates $120,000 to Children of the Valley
In partnership with the Federal Home Loan Bank of Des Moines, SaviBank has donated $120,000 to Children of the Valley! FHLB Des Moines has joined forces with 49 financial institutions to provide nearly $9 million in matching grants to over 200 organizations across Washington. Through the Member Impact Fund, a remarkable $3 to $1 matching […]
Protect your financial future – Identify. Prevent. Report
Financial fraud steals more than money — it robs hundreds of thousands of people of their hopes, dreams, and futures every year. With more than $10 billion in reported losses in 2023 alone, it’s time to take a stand against scams. According to recent Federal Trade Commission (FTC) data, consumers reported losing more than $10 billion to fraud […]
Harborstone Credit Union Announces Agreement to Acquire SaviBank
A Purchase & Assumption Agreement has been signed whereby Lakewood, Washington-based Harborstone Credit Union will acquire SaviBank. This transaction is anticipated to occur near the end of 2024 or early 2025. Below is a joint statement from Mike Cann, Chairman of SaviBank, and Geoff Bullock, President/CEO of Harborstone Credit Union, along with the press release, […]
SaviBank on the Move – Relocates Anacortes Branch
Mount Vernon, WA, December 11, 2023 – Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that it has relocated its Anacortes branch from 3201 Commercial Avenue to 908 30th Street. The new building provides full-banking services and administrative offices to better serve the community. “Since opening our first […]
SaviBank is safe and sound.
A Message from Mike Cann, Chairman, SaviBank In light of recent events surrounding the failure of Silicon Valley Bank, some folks have expressed concern over the security of their deposits in banks. SaviBank continues to operate in a safe and sound manner, to be well-capitalized with strong liquidity, and to meet the banking needs of […]
Savi Financial Corporation Promotes Henry Lee to Chief Credit Officer
Savi Financial Corporation Promotes Henry Lee to Chief Credit Officer
SaviBank Welcomes Flora Lucatero to its Board of Directors
SaviBank Welcomes Flora Lucatero to its Board of Directors
SaviBank Establishes Loan Production Team in Friday Harbor, WA
SaviBank Establishes Loan Production Team in Friday Harbor, WA; Bruce Martin to Lead New Lending Team
PPP Loan Forgiveness New Update
You may apply for forgiveness as soon as you have used all of your PPP funds for acceptable purposes or you are past the loan forgiveness covered period as defined in the PPP Interim Final Rule. For the first draw loans, the loan forgiveness covered period ends the earlier of 24 weeks after the date […]
SaviBank to Purchase Freeland Branch from Coastal Community Bank
SaviBank to Purchase Freeland Branch from Coastal Community Bank
SaviBank Establishes Mortgage Lending Division
Burlington, WA – January 13, 2021 – Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that it has formed a Mortgage Lending Division in SaviBank and hired Drew Wilkens to lead the new mortgage banking team. “After exploring opportunities to enter the mortgage lending market, we are excited […]
PPP Loan Forgiveness Update
During the past two months, SaviBank has been accepting Small Business Administration (SBA) Paycheck Protection Program (PPP) Loan Forgiveness Applications, and has submitted several to the SBA for approval. To date, we have not had any responses from the SBA, and the status of these loans remains pending at the SBA. SaviBank will continue accepting the […]