Savibank
FDIC #57978
📍 Burlington, Washington
Savibank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in April 11, 2005. With assets of $589.83 Million, it operates 1 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: September 1, 2021
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
September 1, 2021
Satisfactory
October 1, 2018
Satisfactory
November 1, 2012
Satisfactory
💰 Financial Strength
Total Assets$589.83 Million
Total Deposits$490.73 Million
Equity Capital$46.77 Million
Net Income$2.55 Million
📈 Performance
ROA0.61%
ROE7.62%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedApril 11, 2005
FDIC Cert57978
Holding CoSavi Financial Corp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2019
Relocation
Moved HQ to: 1020 South Burlington Boulevard, Burlington, WA 98233.
2015
Name Change
Name became: Changed Institution Name To Savibank.
2011
Name Change
Name became: Changed Institution Name To Business Bank.
2006
Relocation
Moved HQ to: 1854 South Burlington Boulevard, Burlington, WA 98233.