Savi Financial Corporation Receives FDIC Regulatory Approval for De Novo Bank Formation

August 22, 2023

MOUNT VERNON, Wash., Aug. 22, 2023 (GLOBE NEWSWIRE) — Savi Financial Corporation, Inc. (OTC Pink: SVVB) (the “Company”), the bank holding company for SaviBank (the “Bank”), today announced that it has received regulatory approval from the Federal Deposit Insurance Corporation (“FDIC”) for its previously announced plan to form a new state-chartered commercial bank headquartered in Bellingham, Washington.

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