Savi Financial Corporation Provides Update on De Novo Bank Formation

June 1, 2023

MOUNT VERNON, Wash., June 01, 2023 (GLOBE NEWSWIRE) — Savi Financial Corporation, Inc. (OTC Pink: SVVB) (the “Company”), the bank holding company for SaviBank (the “Bank”), today announced updated timing to its formerly announced plan to form a new state-chartered commercial bank headquartered in Bellingham, Washington. The formation is pending regulatory approval and is anticipated to close during Spring of 2024.

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