News
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]