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SVVB (Savi Financial Corporation, Inc.) is no longer actively trading.
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Savi Financial Corporation, Inc. serves as the financial holding company for SaviBank, providing a comprehensive array of commercial banking products and services. Its clientele includes individuals, small enterprises, and mid-sized firms primarily located within the Skagit, Island, and Whatcom counties of the United States. The institution offers standard deposit accounts, such as checking, savings, and money market accounts, along with certificates of deposit and individual retirement accounts. For its business customers, the corporation extends various financing options, including…
LAKEWOOD, Wash. and MOUNT VERNON, Wash., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Harborstone Credit Union (“Harborstone”), headquartered in Lakewood, Washington, and SaviBank, headquartered in Mount Vernon, Washington, and its parent holding company, Savi Financial Corporation, Inc. (“Savi Financial”) (OTCPK: SVVB), announced today that they have completed the purchase and assumption transaction whereby Harborstone has acquired substantially all the assets and assumed substantially all the liabilities, including all deposits, of SaviBank.
MOUNT VERNON, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced a net loss of $416,000, or a loss of $0.09 per diluted share, for the first quarter of 2024. This compared to a net loss of $1.54 million, or a loss of $0.35 per diluted share in the preceding quarter, and net income of $468,000, or $0.11 per diluted share, in the first quarter of 2023. Net income for the current quarter was impacted by higher interest expense on deposits, lower noninterest income due to the slowing SBA market and merger related expenses. All results are unaudited.
MOUNT VERNON, Wash., March 22, 2024 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (“Savi Financial”) (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that it has signed a definitive merger agreement whereby Lakewood, WA. based Harborstone Credit Union will acquire SaviBank in an all-cash transaction. The transaction is structured as a purchase agreement with Harborstone Credit Union purchasing substantially all assets and assuming substantially all liabilities of SaviBank.
MOUNT VERNON, Wash., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that following a pre-tax $1.83 million in one-time costs associated with the Orca Bank formation, the Company reported a net loss of $1.54 million, or a loss of $0.35 per diluted share, for the fourth quarter of 2023. This compared to net income of $558,000, or $0.13 per diluted share, in the preceding quarter, and net income of $1.09 million, or $0.25 per diluted share, in the fourth quarter of 2022.
MOUNT VERNON, Wash., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today reported net income of $559,000, or $0.13 per diluted share, for the third quarter of 2023, compared to $561,000, or $0.13 per diluted share, in the preceding quarter and $1.10 million, or $0.25 per diluted share, in the third quarter of 2022. Results for the third quarter of 2023 were driven by strong loan growth and continued improvements in the Company's CECL modeling. In the first nine months of 2023, net income was $1.59 million, or $0.36 per diluted share, compared to $2.63 million, or $0.60 per diluted share, in the first nine months of 2022. All results are unaudited.