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December 11th, 2023

SaviBank on the Move – Relocates Anacortes Branch

Mount Vernon, WA, December 11, 2023 – Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that it has relocated its Anacortes branch from 3201 Commercial Avenue to 908 30th Street. The new building provides full-banking services and administrative offices to better serve the community.  “Since opening our first […]

June 29th, 2023

SaviBank is safe and sound.

A Message from Mike Cann, Chairman, SaviBank In light of recent events surrounding the failure of Silicon Valley Bank, some folks have expressed concern over the security of their deposits in banks. SaviBank continues to operate in a safe and sound manner, to be well-capitalized with strong liquidity, and to meet the banking needs of […]

June 2nd, 2023

Savi Financial Corporation Promotes Henry Lee to Chief Credit Officer

Savi Financial Corporation Promotes Henry Lee to Chief Credit Officer

May 31st, 2023

SaviBank Welcomes Flora Lucatero to its Board of Directors

SaviBank Welcomes Flora Lucatero to its Board of Directors

September 7th, 2021

SaviBank Establishes Loan Production Team in Friday Harbor, WA

SaviBank Establishes Loan Production Team in Friday Harbor, WA; Bruce Martin to Lead New Lending Team

June 25th, 2021

PPP Loan Forgiveness New Update

You may apply for forgiveness as soon as you have used all of your PPP funds for acceptable purposes or you are past the loan forgiveness covered period as defined in the PPP Interim Final Rule.  For the first draw loans, the loan forgiveness covered period ends the earlier of 24 weeks after the date […]

February 23rd, 2021

SaviBank to Purchase Freeland Branch from Coastal Community Bank

SaviBank to Purchase Freeland Branch from Coastal Community Bank

January 13th, 2021

SaviBank Establishes Mortgage Lending Division

Burlington, WA – January 13, 2021 – Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that it has formed a Mortgage Lending Division in SaviBank and hired Drew Wilkens to lead the new mortgage banking team. “After exploring opportunities to enter the mortgage lending market, we are excited […]

October 2nd, 2020

PPP Loan Forgiveness Update

During the past two months, SaviBank has been accepting Small Business Administration (SBA) Paycheck Protection Program (PPP) Loan Forgiveness Applications, and has submitted several to the SBA for approval.  To date, we have not had any responses from the SBA, and the status of these loans remains pending at the SBA. SaviBank will continue accepting the […]

June 12th, 2020

PPP Loan Forgiveness

The Paycheck Protection Flexibility Act of 2020 has recently been enacted. This law is intended to relieve some of the challenges associated with the forgiveness provisions included in the original Paycheck Protection Program (PPP). SBA and the Department of the Treasury have indicated that formal guidance will be issued soon to provide banks and PPP borrowers with […]

April 3rd, 2020

SBA Paycheck Protection Program

To our SaviBank Business Customers & Communities We Serve –  In just a few short weeks, the COVID-19 pandemic and unprecedented events have affected us all in ways none of us could have imagined. Small businesses that form the backbone of our economy, and the majority of SaviBank’s customer base, have had to suspend operations […]

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 […]