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Company News

June 19, 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 … Continue reading

January 30, 2018

SaviBank 2017 4th Quarter Results

SaviBank 2017 Pre-tax Profits Increase 94% to $2.28 Million from 2016; Loans Grow 21% and Deposits Increase 30% Year-Over-Year Burlington, WA – January 30, 2018 — SaviBank (OTC Pink: SVVB), today reported for 2017 pre-tax income almost doubled to $2.28 … Continue reading

November 8, 2017

SaviBank 2017 3rd Quarter Results

SaviBank YTD Profits Increased 95% to $1.4 Million from 2016 Period; Net Interest Margin Expanded to 4.46% with Strong Loan and Deposit Growth Burlington, WA – November 2, 2017 — SaviBank (OTC Pink: SVVB), today reported for the first nine … Continue reading

August 2, 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, … Continue reading

July 12, 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 … Continue reading

April 27, 2017

SaviBank 2017 1st Quarter Results

SaviBank 1Q17 Profits More Than Double to $363,000 in 1Q17 YOY; Fueled by 30% Loan Growth and 17% Deposit Growth Burlington, WA – April 27, 2017 — SaviBank (OTCPink: SVVB), today reported first quarter 2017 profits more than doubled to … Continue reading

April 26, 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 … Continue reading

January 24, 2017

SaviBank Fourth Quarter and 2016 Results

SaviBank 2016 Pre-Tax Profits Increase 67% to $1.2 Million, or $0.10 Per Share Growing Profitability Generates Tax Benefit of $4.6 Million, or $0.39 Per Share Burlington, WA – January 24, 2017 — SaviBank (OTCPink: SVVB), today reported loans grew 31% … Continue reading

December 14, 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% … Continue reading

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