News
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 […]
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 […]
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 […]
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 […]
SaviBank Opens New Full-Service Branch in Oak Harbor
Burlington, Washington, March 28, 2016 – SaviBank has opened a new full-service branch office at 390 NE Midway Boulevard, Suite B107 in Oak Harbor, WA. The Burlington-based bank has been operating a Loan Production Office at this location since July 2014, and recently received FDIC approval to open this full-service branch. “SaviBank is a true […]
SaviBank Opening New Loan Production Office With Local Banking Veteran
Burlington, Washington, March 24, 2016 – SaviBank, headquartered in Burlington, Washington, announced that it has opened a Loan Production Office in Freeland, WA. New hire, Lauren Pool, Vice President and Loan Production Manager, will be running the new office. Prior to joining SaviBank, Lauren was employed at Whidbey Island Bank for 19 years, the last […]
SaviBank Adds New Member to Its Board Of Directors
Long-time Oak Harbor Resident and Business Owner Ron Wallin Elected. Burlington, Washington, March 24, 2016 – SaviBank, headquartered in Burlington, Washington, announced today that it has elected Ron Wallin as SaviBank’s newest member of its Board of Directors. Ron Wallin is the owner of P&L General Contractors, Inc. (P&L). He started working for P&L as […]