Pacific Crest Savings Bank is a local, independently owned community bank dedicated to delivering the highest level of customer service and expertise to our community.

Founded in 1984 as Phoenix Mortgage, we have evolved to offer businesses and individuals in the central Puget Sound region with personalized banking and lending services from a dedicated team of long-tenured, professional staff.

 

Mission Statement

Pacific Crest Savings Bank is committed to providing our clients with the highest level of service. In addition, we will strive to provide an excellent work environment for our employees to ensure the retention of the highest quality personnel.  Maintaining these standards of excellence will allow us to provide our community with the best financial services. Our success will ensure long-term value to our clients, employees, and shareholders.

Core Values

Many companies talk about their core values. We live ours.  Every day.

Integrity and honesty
We strive to take the high road by practicing the utmost ethical standards and honoring our commitments. We are dedicated to being forthright, honest, and transparent.

Respect
We consistently seek to treat others as we want to be treated.

Teamwork
We promote and support a diverse and unified team. We work together to meet and exceed our common goals and client expectations.

Consistency
Staying focused on who we are and what we do best.

Community
We are proud to be a community bank dedicated to contributing to those in need around us.

Hard work
Being responsible, committed, and passionate about our work.  Going above and beyond with the commitment to provide our clients with the highest level of service.

Confidentiality
As a community bank, our very existence depends on our ability to protect and guard our client’s sensitive information. There is zero tolerance for any breach of confidentiality.

Financial Highlights

Pacific Crest Savings Bank is a state-chartered savings bank regulated by the Washington State Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC).  We are privately owned and publish a Consolidated Statement of Financial Condition, with the most recent issues available here.

View a downloadable version of our current call report.

Pacific Crest Savings Bank call reports are available for you to view online or to print. View these reports at the Federal Financial Institutions Examinations website.

 

BauerFinancial Five-Star Rating

We are pleased to earn a five-star superior rating from BauerFinancial, based on the independent research firm’s latest quarterly analysis. To determine its star ratings, BauerFinancial performs an independent analysis of financial institutions across the country using new and historical data reported to state and federal regulators each quarter. Banks and credit unions earn zero to five stars based on profitability, loan data, repossession rates, reserve amounts, regulatory compliance and other criteria. Institutions that earn four and five stars are placed on Bauer’s Recommended Report, where Pacific Crest Savings Bank has been featured each quarter since 2013.

Milestones

2024 Celebrating our 40th Anniversary throughout 2024!
2023 Ryan Douglas joined as Senior Vice President and Risk Officer to oversee the bank’s risk management and regulatory compliance.
2023 Named one of the top 25 companies in Puget Sound Business Journal’s Small Business Corporate Philanthropy list for the seventh consecutive year.
2019 Celebrating our 35th Anniversary!  Since 2016, we have continued to be recognized as a Best Workplace by the Puget Sound Business Journal and Seattle Business Magazine.
2017 Named as one of the top 25 companies in the Puget Sound Business Journal’s Small Business Corporate Philanthropy list.
2016 Pacific Crest was named one of Washington’s Best Workplaces by the Puget Sound Business Journal.
2014 Kevin Hogan joined as Senior Vice President to lead the client services team.
2012 Scott Gibson joined as Senior Vice President and Lending Manager to lead our lending team.
Chief Financial Officer Wayne Bull, Jr. and Chief Risk Officer Cynthia Funaro are promoted to Executive Vice President.
2007 Founder John Fairchild retires.  Co-founder and President Sheryl Nilson was named as CEO.
2006 Mortgage and Escrow divisions are sold, and bank branches are consolidated into the Lynnwood office.
2005 Phoenix Savings Bank changes its name to Pacific Crest Savings Bank.
1998 Company converted to a Washington State-chartered, federally insured savings bank, becoming Phoenix Savings Bank.
1990 Corporate office moves to Lynnwood.
1984 Phoenix Mortgage and Escrow was founded in Seattle/Northgate by John Fairchild, Harry Sankey, and Sheryl Nilson.