Savi Financial Corporation Inc (OTCMKTS:SVVB) Stock In Focus After Recent News
Bank holding company for SaviBank, Savi Financial Corporation Inc (OTCMKTS:SVVB) announced the promotion of Henry Lee to Chief Credit Officer from July 11, 2023. Lee will be succeeding Todd Anderson, who will be handling Strategic Projects and plans to retire in December 2023. Lee, who joined the institution in June 2023, recently served as Senior Credit Manager.
Trading Data
On Friday, SVVB stock ended flat at $7.25 with more than 185 shares, compared to volume of 344 shares. The stock moved within a range of $7.25 – 7.25 after opening trade at $7.25.
Savi Financial Corporation Promotes Henry Lee to Chief Credit Officer
Andrew Hunter, President, and CEO of SaviBank expressed delight in announcing the promotion of Henry Lee and welcoming him to the executing team. Hunter said that Henry brings almost two decades of leadership with robust knowledge in lending, commercial banking, and credit. The CEO also said that the role will see Henry overseeing all aspects of credit management, underwriting as well as loan documentation for the organization.
With significant commercial banking experience, Lee served as Commercial Banking Officer at Heritage Bank in his previous stint. Further, he has held several credit analysis and commercial banking roles at Skagit Bank and Peoples Bank. A graduate of Western Washington University, Lee is also a licensed Certified Public Accountant.
Michal D. Cann, Chairman and CEO of Savi Financial Corporation expressed gratitude to the Chief Credit Officer Todd Anderson for his robust contribution to SaviBank since 2006 and wished him the best in retirement.
