Savi Financial Corporation, Inc.
SVVB
Other OTC17.60
USD
- -
- -
ISIN
US80517H2094
Return %
Stock
S&P500
1Y
16.94
26.53
3Y
101.14
76.60
5Y
124.20
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Michal D. Cann
- Full Time Employees
- 142
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 1020 South Burlington Boulevard Burlington WA United States of America 98233
- IPO Date
- Apr 4, 2018
- Website
- savibank.com
- Similar Companies
- Business
- Savi Financial Corporation, Inc. operates as the bank holding company for SaviBank, providing a range of financial services primarily in Washington state. The company offers retail and commercial banking products including deposit accounts, loans, mortgages, and related financial services through its wholly owned subsidiary SaviBank, which maintains branch locations in Anacortes, Burlington, Bellingham, Concrete, Mount Vernon, Oak Harbor, Freeland, Sedro-Woolley, and Friday Harbor, Washington. Founded in 2005 and headquartered in Mount Vernon, Washington, Savi Financial targets individuals, small-to-medium businesses, and local communities in the Skagit, Whatcom, Island, and San Juan counties. The company’s core products and services include checking and savings accounts, commercial and consumer loans, mortgage lending, and deposit services delivered via its regional branch network. SaviBank emphasizes personalized banking solutions and community engagement, positioning itself as a local financial institution with a focus on customer service and credit quality. A major change in recent years is the sale of SaviBank’s operating assets and the assumption of its deposits by Tacoma-based Harborstone Credit Union, an acquisition finalized in 2025 after receiving all regulatory approvals. This all-cash transaction, announced in 2024, marks a significant strategic shift for Savi Financial Corporation, leading to the planned liquidation and dissolution of the company after distribution of proceeds to shareholders. The acquisition expands Harborstone Credit Union’s geographic footprint and service offerings in the Pacific Northwest region. This transaction brought operational cessation for SaviBank as an independent entity and ended Savi Financial’s direct banking operations. Throughout its history, Savi Financial has experienced steady balance sheet growth supported by strong credit quality, with total loans around $509 million and deposits surpassing $512 million prior to the acquisition. The company’s tier-1 leverage ratio remained robust above 8%, reflecting solid capital adequacy. The transaction with Harborstone Credit Union represents a major operational change, concluding Savi Financial Corporation’s role as a bank holding company while beneficially transitioning customer accounts and assets to Harborstone’s platform. In summary, Savi Financial Corporation, Inc. is a Washington-based bank holding company focused on community banking through its subsidiary SaviBank, offering deposit and loan products with a branch network in northwestern Washington. The company’s major recent development is the acquisition of SaviBank by Harborstone Credit Union completed in 2025, signaling a strategic exit from banking operations and transitioning its customer base and assets to the acquiring credit union.
Harborstone Credit Union Completes Acquisition of SaviBank
Savi Financial Corporation Reports Results for the First Quarter of 2024
Harborstone Credit Union Announces Agreement to Acquire SaviBank
Savi Financial Corporation Reports Results for the Fourth Quarter and the Year 2023
Savi Financial Corporation Earns $559,000 in the Third Quarter of 2023; Results Reflect Robust Loan Growth and Strong Credit Quality
Savi Financial Corporation Receives FDIC Regulatory Approval for De Novo Bank Formation
Savi Financial Corporation Earns $561,000 in the Second Quarter of 2023; Highlighted by Steady Balance Sheet Growth and Strong Credit Quality
Savi Financial Corporation Earns Record $986,000 in First Quarter of 2021