Harborstone Credit Union to acquire SaviBank from Savi Financial.

Harborstone Credit Union, a chartered and federally insured credit union, agreed to acquire SaviBank, a community bank, from Savi Financial, a bank holding company. Financial terms were not disclosed. “We look forward to working with Harborstone Credit Union to continue our tradition of fostering meaningful customer relationships while having a positive impact in our local communities. Through the unique structure of this acquisition by Harborstone Credit Union, we believe we are maximizing value to our shareholders who have supported us over the years," Michal D. Cann, Savi Financial Chairman and President.