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August 28, 2025

Pacific Crest Bank

Pacific Crest Savings Bank, a Lynnwood-based local and independently owned financial institution, has changed its name to Pacific Crest Bank, as part of a refresh that updates the bank's brand to better align with the financial services it provides. “Though subtle, this update to our name reflects a meaningful step forward,” said Sheryl Nilson, CEO of Pacific Crest Bank. “It allows us to better represent who we are today, while staying true to the values and relationships that have defined us for years. This new identity gives us the flexibility to expand our offerings, serve new community members and organizations, and continue delivering the high level of service our clients expect.” The bank was originally established in 1984 by John Fairchild, Harry Sankey and current President and CEO Sheryl Nilson as Phoenix Mortgage and Escrow. In 1998, Phoenix Mortgage converted to a Washington state-chartered, federally insured savings bank, known as Phoenix Savings Bank until it rebranded to Pacific Crest Savings Bank in 2005. Today, the bank offers specialized loans for commercial, multifamily, floating homes and residential properties along with construction loans for local builders. Its savings and deposit services for personal and business banking are designed to meet each client's needs and goals. The bank's local ownership remains the same.




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