Savi Financial Stock Price, News & Analysis

Savi Financial Corporation, Inc. (OTCPK: SVVB) is the bank holding company for SaviBank, a community-focused commercial bank that has operated in Northwest Washington. According to company disclosures, SaviBank began operations on April 11, 2005 and developed a branch network serving customers in and around Skagit, Island, Whatcom and San Juan counties in Washington State. The bank provides loan and deposit services to customers who are predominantly small and middle-market businesses and individuals in these markets.

In multiple public communications, Savi Financial describes itself as a locally owned community bank organization that emphasizes financial education and community engagement, expressing the view that when customers become "Savi" about their finances, the broader community benefits. Through SaviBank, the holding company has focused on traditional commercial banking activities, including originating loans and gathering deposits within its regional footprint.

Historical branch footprint and market focus

SaviBank’s branch network has included 10 locations in Anacortes, Burlington, Bellingham, Concrete, two branches in Mount Vernon, Oak Harbor, Freeland, Sedro-Woolley, and Friday Harbor, Washington, as well as loan production offices referenced in company materials. The bank has highlighted that its customers are predominantly based in Skagit, Island, Whatcom and San Juan counties, an area that stretches north from the greater Seattle/Everett/Bellevue metropolis to the Canadian border.

Company reports describe steady loan and deposit growth over time, with an emphasis on serving small and middle-market businesses and local households. Savi Financial has also reported activity in Small Business Administration (SBA) and U.S. Department of Agriculture (USDA) loan production, reflecting a focus on commercial and small business lending within its markets.

Acquisition by Harborstone Credit Union and corporate liquidation

Savi Financial has disclosed a significant corporate transition involving the sale of SaviBank’s operating assets. On March 22, 2024, the company announced that it had signed a Purchase and Assumption Agreement under which Harborstone Credit Union, a Washington-chartered and federally insured credit union headquartered in Lakewood, Washington, would acquire SaviBank in an all-cash transaction. The structure of the transaction involves Harborstone purchasing substantially all assets and assuming substantially all liabilities of SaviBank.

Subsequent updates reported that all required regulatory approvals were obtained and that the transaction was expected to close around September 1, 2025. A later announcement dated September 2, 2025 stated that Harborstone Credit Union and SaviBank had completed the purchase and assumption transaction, with Harborstone acquiring substantially all the assets and assuming substantially all the liabilities, including all deposits, of SaviBank. SaviBank’s banking offices are expected to continue operating as branches of Harborstone following completion of the transaction.

Company communications further state that, following the completion of the transaction, Savi Financial plans to liquidate and dissolve, and to distribute the net sale proceeds to its shareholders. Savi Financial has indicated that shareholders will receive distributions in two installments, with the final per-share amount dependent on post-closing expenses, liabilities and other factors arising during the liquidation of SaviBank and Savi Financial.

Business model and customer base

According to Savi Financial’s descriptions, SaviBank’s core business model has centered on providing loan and deposit services to a regional customer base. The bank notes that its customers are predominantly small and middle-market businesses and individuals within the counties it serves. This positioning reflects a focus on relationship-based community banking, where lending and deposit gathering are concentrated in a defined geographic area.

Public earnings releases have emphasized elements such as net interest income, net interest margin, loan growth, deposit growth, credit quality, and SBA and USDA loan production as key performance indicators. These disclosures indicate that interest income from loans and related banking activities has been a primary driver of revenue, while funding costs and deposit competition have been important considerations for profitability.

Regulatory initiatives and de novo bank plans

Savi Financial has also reported on regulatory initiatives related to a separate banking entity. In several announcements, the company described plans to form Orca Bank, a new state-chartered commercial bank headquartered in Bellingham, Washington. The transaction structure involves applying for a de novo bank charter, with Savi Financial to acquire Orca Bank as a wholly owned subsidiary and Orca Bank to acquire SaviBank’s Bellingham branch upon completion of the reorganization and regulatory approvals.

The company has reported receiving regulatory approval from the Federal Deposit Insurance Corporation for the formation of Orca Bank and indicated that additional approvals, including from the Federal Reserve Board, were being pursued. These disclosures outline an effort to establish a separate community-focused bank serving Whatcom County through a dedicated charter.

Position within Northwest Washington

In its public materials, Savi Financial has provided context about the Northwest Washington region in which SaviBank operates. The bank notes that it maintains branches across Skagit, Island, Whatcom and San Juan counties, with the broader region extending from the Seattle/Everett/Bellevue area to the Canadian border. Company communications reference local housing market data and demographic projections for these counties, underscoring the importance of local economic conditions for its lending and deposit activities.

Through this regional focus, SaviBank has presented itself as a community-oriented institution with an emphasis on serving local businesses and residents, and on maintaining credit quality and capital levels consistent with regulatory standards for well-capitalized institutions, as referenced in its earnings releases.

Corporate status and ticker considerations

Investors researching Savi Financial Corporation (SVVB) should be aware that the company has publicly announced the completion of the sale of substantially all of SaviBank’s assets and liabilities to Harborstone Credit Union and has stated its intention to liquidate and dissolve, with proceeds to be distributed to shareholders. As a result, SVVB represents a holding company in the process of winding down its operations following the transaction, rather than an ongoing growth-focused banking platform.

Because the ultimate amount and timing of shareholder distributions depend on factors such as remaining liabilities, claims arising during the liquidation process, transaction costs and the timing of final liquidation, the company has cautioned that actual proceeds may differ from preliminary estimates. For those examining SVVB stock, it is important to interpret the historical financial and operational information in light of this announced acquisition and planned liquidation.