News
PPP Loan Forgiveness 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 […]
PPP Loan Forgiveness
The Paycheck Protection Flexibility Act of 2020 has recently been enacted. This law is intended to relieve some of the challenges associated with the forgiveness provisions included in the original Paycheck Protection Program (PPP). SBA and the Department of the Treasury have indicated that formal guidance will be issued soon to provide banks and PPP borrowers with […]
SBA Paycheck Protection Program
To our SaviBank Business Customers & Communities We Serve – In just a few short weeks, the COVID-19 pandemic and unprecedented events have affected us all in ways none of us could have imagined. Small businesses that form the backbone of our economy, and the majority of SaviBank’s customer base, have had to suspend operations […]
The Safety And Soundness Of The Banking System During Covid19
Olympia, Washington – Community Bankers of Washington and President & Executive Director John Collins issued the following statement regarding the safety and soundness of the banking system during the COVID-19 pandemic. “CBW, along with the Federal Deposit Insurance Corporation (FDIC), wants to remind and reassure the public that the safest place for their money is in […]
Coronavirus Disease Update (COVID-19)
Because the COVID-19 situation is changing rapidly, and to do our part in slowing the spread of the virus, we have decided to limit access to our branch lobbies temporarily, effective Thursday, March 19, 2020, until further notice. What This Means To You: Drive-Thru Windows (where available) will remain open during regular business hours, 9:00 am […]
Welcome to our new website
We are excited to announce the launch of our new website. Our aim for the new site is to make your experience easier to navigate, and more user-friendly for all devices (from desktop to smartphone). We’ve also made improvements so that the site is now ADA compliant—everyone can easily access all of the information on […]
SaviBank Opens Full-Service Branch in Concrete
Concrete was losing its only bank branch until SaviBank stepped in. MOUNT VERNON, WA, October 7, 2019 — SaviBank, headquartered in Skagit County, announced the opening of a new full-service branch in Concrete, WA. The new branch is located at 45872 Main Street, the site of the old Columbia Bank branch. New hire, (but familiar name), […]
SaviBank Opens New Full-Service Branch in Anacortes
Mount Vernon, WA, September 9, 2019 – SaviBank announced the opening of its eighth full-service branch. The Mount Vernon-based bank has been operating a Loan Production Office in Anacortes since March 2016, and has expanded it to a full-service branch, located at 3201 Commercial Ave., Anacortes, WA 98221. The new Anacortes Branch is managed by […]
SaviBank on the Move – Relocates Oak Harbor Branch
Mount Vernon, WA, June 3, 2019 – SaviBank has relocated its Oak Harbor office from 390 NE Midway Boulevard to a new full-service banking facility located directly across the street at 315 NE Midway Boulevard. The move is effective Monday, June 3, 2019. Mike Cann, Chairman and Chief Executive Officer said, “Opening this new branch […]