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March 24th, 2016

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 ten of which were as a Commercial Loan Officer in Freeland. During that time, Lauren was instrumental in the development of the commercial loan portfolio and deposit base on South Whidbey, and was promoted to Senior Vice President in 2014.

“Lauren’s reputation as a respected banker, lender and community leader on South Whidbey makes her a valuable addition,” said SaviBank President Andy Hunter.

The Loan Production Office opened on March 15, 2016, and is currently serving the local borrowing needs of businesses, professionals and individuals.

SaviBank Chairman and CEO Mike Cann added, “After having worked in banking in Oak Harbor and on Whidbey Island for over 16 years, I’m aware of how important it is for people to have a local, Northwest-based community bank. We’re here to offer that local service.”

About SaviBank

SaviBank (formerly known as Business Bank) is a commercial bank chartered in the State of Washington with a community bank focus. The Bank began operations April 11, 2005. SaviBank proudly serves Skagit, Whatcom, and Island Counties with branches in Anacortes, Burlington, Bellingham, Concrete, Freeland, Mount Vernon, Oak Harbor, and Sedro-Woolley. The Bank provides loan and deposit services to customers who are predominantly small and middlemarket businesses and individuals in and around Skagit, Island, and Whatcom counties. As a locally-owned community bank, we believe that when everyone becomes Savi about their finances, our entire community benefits. Call us or stop by one of our branches and we’ll show you how to bank Savi. For additional information about SaviBank visit https://www.savibank.com.

Contact
Mike Cann, Chairman of the Board & CEO
Andy Hunter, President
(888) 707-2060