SEARCH

The Wise Choice.

News

March 24th, 2020

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 a federally insured bank, which all Washington community banks are. Since 1933, no depositor has lost any FDIC-insured funds. The safety and soundness of the entire banking system is, and will remain, secure and unchanged.

Read the rest of the news release here.

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