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 S
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 mi
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