Welcome to Pacific Crest Savings Bank: a local, independently owned community bank. Delivering the highest level of customer service and expertise to our community for over three decades.

Founded originally in 1984 as Phoenix Mortgage, the organization has evolved over its history to offer Northwest businesses and individuals personalized banking and lending services from a dedicated team of long-tenured professionals.  The company’s performance consistently earns the highest ratings from financial industry independent research firms.

Pacific Crest Savings Bank is proud to be known for its commitment to its clients, community, and employees.

Mission Statement

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

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.


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.