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March 19th, 2019

SaviBank on the Move – Relocates Burlington Branch

Burlington, WA, March 18, 2019 – SaviBank has relocated its Burlington office from 1854 S. Burlington Boulevard to a new full-service banking facility located at 1020 S. Burlington Boulevard. The move is effective Monday, March 18, 2019. Mike Cann, Chairman and Chief Executive Officer said, “We’re really excited to be in a larger and more […]

March 11th, 2019

SaviBank Opens New Full Service Branch in Sedro-Woolley

Burlington, WA, March 11, 2019 – SaviBank has a new full-service branch at 203 Ball Street in Sedro Woolley, WA. This will be the Burlington-based bank’s seventh full-service branch. The new branch will be managed by Vice President/Retail Branch Manager, Allison Gilham. Rounding out the local team are Jenniffer Douthit, Andrew Bacus and Selena Aguilar. […]

January 7th, 2019

SaviBank Opens New Full-Service Branch in Mount Vernon

Mount Vernon, Washington, January 7, 2019 – SaviBank has opened a new full-service branch office at 1725 E. College Way in Mount Vernon, WA. The Burlington-based bank has been operating a full-service branch in South Mount Vernon on E. Blackburn since November 2008, and recently received FDIC approval to open an additional full-service branch in […]

September 6th, 2018

Savi Financial Announces 1-for-5 Reverse Stock Split

SVVB News Release

June 19th, 2018

Rod Cann Joins SaviBank Team

FOR IMMEDIATE RELEASE SaviBank Appoints Chief Lending Officer Burlington, Washington, June 18, 2018 — Due to significant recent and planned future growth, SaviBank has recently added to its lending management team. Rod Cann has joined the bank as Senior Vice President and Chief Lending Officer. Mr. Cann is a 33-year resident of Skagit County and […]

August 2nd, 2017

SaviBank 2017 2nd Quarter Results

SaviBank 2Q17 Profits Increased 74% to $404,000 from 2Q16; Fueled by 24% Growth in Loans and 13% in Deposits Burlington, WA – August 2, 2017 — SaviBank (OTC Pink: SVVB), today reported second quarter 2017 profits increased 74% to $404,000, or $0.0236 per share, compared to $232,000, or $0.0198 per share for the second quarter […]

July 12th, 2017

SaviBank Completes $8.6 Million Secondary Offering

SaviBank Completes $8.6 Million Secondary Offering at $1.60 per Share Burlington, WA – July 12, 2017 — SaviBank (OTCPink: SVVB), today announced it completed a private placement of 5.36 million shares, raising net proceeds of $8.5 million. The offering was oversubscribed by $580,222 and brought 41 new shareholders into the ownership base. SaviBank now has […]

April 26th, 2017

SaviBank Opens New Full-Service Branch in Freeland

Burlington, WA, April 26, 2017 – SaviBank (OTCPink: SVVB) announced the opening of its fifth full-service branch in Freeland, Washington on April 17, 2017. The Burlington-based bank has been operating as Loan Production Office in Freeland since March 2016. The new full-service branch is located at 5575 Harbor Avenue, Suite 100 in Freeland, Washington. The […]

December 14th, 2016

SaviBank YTD Profits Increase 27%

SaviBank YTD Profits Increased 27% to $703,000, or $0.06 Per Share Burlington, WA – December 14, 2016 — SaviBank (OTCPink: SVVB), today reported that, fueled by the 19% growth in both average loans and average deposits, net income grew 27% to $703,000, or $0.06 per share for the first nine months of 2016, compared to […]

December 8th, 2016

Trevis Seimears Joins SaviBank in Bellingham

Burlington, Washington, December 8, 2016 – SaviBank, headquartered in Burlington, WA, is pleased to announce that Trevis Seimears has joined the company as Assistant Vice President and Loan Officer at its Bellingham Branch, located at 2417 Meridian Street, Suite 104. With 12 years of banking experience, Trevis has a banking background in branch management, lending […]

December 8th, 2016

Candy Anderson Joins SaviBank on South Whidbey

Burlington, Washington, December 8, 2016 – SaviBank, headquartered in Burlington, WA, is pleased to announce that Candy Anderson has joined the company as Business Development Officer at its Loan Production Office (LPO) in Freeland, located at 5575 Harbor Ave, Suite 204. Prior to joining SaviBank, Candy was employed at Whidbey Island Bank, a division of […]

November 29th, 2016

SaviBank Promotes Seana Olberg to Bellingham Branch Manager

Burlington, Washington, November 29, 2016 – SaviBank is pleased to announce that Seana Olberg has been promoted to Vice President and Bellingham Branch Manager/Commercial Lender. Seana, a 26-year banking veteran, joined SaviBank in 2007, serving in positions as a Loan Officer and Customer Service Manager in the Bellingham Branch, where she has been instrumental in […]