On September 1, 2025, Harborstone Credit Union (“Harborstone”), Lakewood, Washington, completed its purchase of substantially all assets and assumption of substantially all liabilities of SaviBank, Mount Vernon, Washington, the wholly-owned subsidiary of Savi Financial Corporation, Inc. Following the completion of the transaction, Harborstone has approximately $2.7 billion in assets and 26 banking locations throughout Washington.

Luse Gorman served as legal counsel to Harborstone in the transaction. The Luse Gorman team consisted of Jeff Cardone, Michael Brown, Brendan Saxon, and Babette Schwartz.

Luse Gorman has served as counsel on more than 150 bank and credit union M&A transactions during the past ten years, including more than 40 transactions involving credit union acquisitions of banks, and on more bank and credit union M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.