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January 30, 2018 16:00 ET | Source: SaviBank

SaviBank 2017 Pre-tax Profits Increase 94% to $2.28 Million from 2016; Loans Grow 21% and Deposits Increase 30% Year-Over-Year

BURLINGTON, Wash., Jan. 30, 2018 (GLOBE NEWSWIRE) -- SaviBank (OTC Pink:SVVB), today reported for 2017 pre-tax income almost doubled to $2.28 million, compared to $1.18 million in 2016. Net income...
November 02, 2017 16:00 ET | Source: SaviBank

SaviBank YTD Profits Increased 95% to $1.4 Million from 2016 Period; Net Interest Margin Expanded to 4.46% with Strong Loan and Deposit Growth

BURLINGTON, Wash., Nov. 02, 2017 (GLOBE NEWSWIRE) -- SaviBank (OTC Pink:SVVB), today reported for the first nine months of 2017 net income almost doubled to $1.37 million, or $0.0802 per share,...
August 02, 2017 08:00 ET | Source: SaviBank

SaviBank 2Q17 Profits Increased 74% to $404,000 from 2Q16; Fueled by 24% Growth in Loans and 13% in Deposits

BURLINGTON, Wash., Aug. 02, 2017 (GLOBE NEWSWIRE) -- SaviBank (OTC Pink:SVVB), today reported second quarter 2017 profits increased 74% to $404,000, or $0.0236 per share, compared to $232,000, or...
July 12, 2017 16:06 ET | Source: SaviBank

SaviBank Completes $8.6 Million Secondary Offering at $1.60 per Share

BURLINGTON, Wash., July 12, 2017 (GLOBE NEWSWIRE) -- SaviBank (OTCPink:SVVB), today announced it completed a private placement of 5.36 million shares, raising net proceeds of $8.5 million. The...
April 27, 2017 16:15 ET | Source: SaviBank

SaviBank 1Q17 Profits More Than Double to $363,000 in 1Q17 YOY; Fueled by 30% Loan Growth and 17% Deposit Growth

BURLINGTON, Wash., April 27, 2017 (GLOBE NEWSWIRE) -- SaviBank (OTCPink: SVVB), today reported first quarter 2017 profits more than doubled to $363,000, or $0.02 per share, driven by 30% loan growth...
April 26, 2017 17:49 ET | Source: SaviBank

SaviBank Opens New Full-Service Branch in Freeland

BURLINGTON, Wash., April 26, 2017 (GLOBE NEWSWIRE) -- SaviBank (OTCPink:SVVB) announced the opening of its fifth full-service branch in Freeland, Washington on April 17, 2017. The...
January 30, 2017 17:00 ET | Source: SaviBank

SaviBank to Participate in FIG Partners West Coast Bank CEO Forum

BURLINGTON, Wash., Jan. 30, 2017 (GLOBE NEWSWIRE) -- SaviBank (OTCPink:SVVB), today announced that Michal D. Cann, Chairman and CEO, and Rob Woods, Executive Vice President and CFO, will attend the...
January 24, 2017 09:00 ET | Source: SaviBank

SaviBank 2016 Pre-Tax Profits Increase 67% to $1.2 Million, or $0.10 Per Share; Growing Profitability Generates Tax Benefit of $4.6 Million, or $0.39 Per Share

BURLINGTON, Wash., Jan. 24, 2017 (GLOBE NEWSWIRE) -- SaviBank (OTCPink: SVVB), today reported loans grew 31% and deposits grew 14% during the year, boosting profitability. Pre-tax net income...
December 14, 2016 15:57 ET | Source: SaviBank

SaviBank YTD Profits Increased 27% to $703,000, or $0.06 Per Share

BURLINGTON, Wash., Dec. 14, 2016 (GLOBE NEWSWIRE) -- SaviBank (OTCPink:SVVB), today reported that, fueled by the 19% growth in both average loans and average deposits, net income grew 27% to...