From Wikipedia, the free encyclopedia
Seattle-based bank
Washington Federal, Inc.
WaFd Bank Company type
Public
Nasdaq :
WAFD
S&P 600 component Industry
Financial services Founded January 1, 1917; 107 years ago (1917-01-01 ) Headquarters
Seattle, Washington ,
United States Number of locations
200+ Area served
Washington (81), Oregon (46), Arizona (31), Idaho (24), Nevada (11), Utah (10), New Mexico (10), Texas (5) Key people
Brent J. Beardall (
CEO )
[1] Products
Consumer Banking ,
Corporate Banking ,
Insurance ,
Investment Banking ,
Mortgage loans ,
Private Banking ,
Private equity ,
Wealth management ,
Credit cards ,
Financial Analysis Revenue
US$ 621.265 million (2020)
[2]
US$ 219.186 million (2020)
[2]
US$ 173.438 million (2020)
[2]
Total assets
US$ $18.794 billion (2020)
[2]
Total equity
US$ $2.014 billion (2020)
[2] Number of employees
1,877 (2018) Website
www .wafdbank .com Footnotes / references
[3]
Washington Federal, Inc., (stylized as WaFd Bank ), is an American
bank based in
Seattle ,
Washington . It operates 235
branches throughout
Washington ,
Oregon ,
Idaho ,
Nevada ,
Utah ,
Arizona ,
New Mexico , and
Texas .
[4]
WaFd Bank is the 77th largest bank in the
United States .
[5]
Products
WaFd specializes in both personal and business banking and offers a wide-range of services in both. WaFd also has specialized divisions in Government, Agribusiness, and Senior Housing.
[6]
Executives
Brent J. Beardall, President and Chief Executive Officer
[7]
Kelli Holz, Chief Financial Officer
[7]
Cathy Cooper, Chief Consumer Banker
[7]
Ryan Mauer, Chief Credit Officer
[7]
Kim Robison, Chief Operating Officer
[7]
James Endrizzi, Chief Commercial Banker
[7]
History
Washington Federal's old logo prior to WaFd Bank rebranding in 2021
The bank was founded on April 24, 1917 in
Ballard, Washington as Ballard Savings and Loan by a group of businessmen. In 1958, it merged with Washington Federal Savings and Loan Association of
Bothell . The bank took the name Washington Federal for "wider geographical acceptance".
[8]
The bank
demutualized in 1982 and the present holding company structure was adopted in 1995.
In 2019, the bank was rebranded as WaFd Bank (pronounced Wah-Fed), a long-used nickname for the bank.
[9]
Mergers and acquisitions
Seattle Federal Savings and Loan, 1971
First Federal Savings and Loan Association,
Mount Vernon, Washington , 1978
United First Federal,
Boise, Idaho , 1987
Provident Federal Savings and Loan, Boise, 1987
Northwest Federal Savings and Loan, Boise, 1988
Freedom Federal Savings and Loan,
Corvallis, Oregon , 1988
Family Federal Savings and Loan Association,
Dallas, Oregon , 1990
First Federal Savings and Loan Association,
Idaho Falls, Idaho , 1991
Metropolitan Savings Association,
Portland and
Eugene, Oregon , 1991
First Federal Savings Bank,
Salt Lake City , 1993
West Coast Mutual Savings Bank,
Centralia, Washington , 1996
Metropolitan Bancorp,
Seattle , November 29, 1996
[10]
United Savings and Loan Bank (4 branches, based in Seattle) for $65 million in 2003. Founded on July 6, 1960, it was the first
savings and loan owned by
Asian Americans .
[11]
First Mutual Bank,
Bellevue, Washington , 2008
[12]
Horizon Bank (18 branches), seized by the
Federal Deposit Insurance Corporation after
bank failure ,
Bellingham, Washington , 2010
[13]
[14]
Charter Bank, 6 branches,
Albuquerque, New Mexico , 2011
[15]
South Valley Bancorp Inc.,
Klamath Falls, Oregon , 2012
[16]
51 branches from
Bank of America in Washington, Oregon, Idaho, and New Mexico, 2013
23 branches from
Bank of America in Arizona and Nevada, 2014
[17]
Luther Burbank Savings in California and Washington, 2024.
[18]
References
^
"Meet our Banking Executives" . WaFd Bank. Retrieved 2021-03-04 .
^
a
b
c
d
e
"Washington Federal 2020 Form 10-K" . United States Securities and Exchange Commission. 2020-11-23. Retrieved 2021-03-04 .
^
"Washington Federal, Inc. 2018 Form 10-K Annual Report" .
U.S. Securities and Exchange Commission .
^
"Bank Accounts, Home Loans, and Commercial Financing | WaFd Bank" . wafdbank . Retrieved 2023-10-14 .
^
"FRB: Large Commercial Banks-- June 30, 2023" . www.federalreserve.gov . Retrieved 2023-10-14 .
^
"WaFd Bank - Specialized Industries" . wafdbank . Retrieved 2023-10-14 .
^
a
b
c
d
e
f
"Meet Our Banking Executives" . wafdbank . Retrieved 2023-10-14 .
^
"Company History" . wafdbank . Retrieved 2023-10-14 .
^
"Our Company - Our Promise, Difference & Values" . wafdbank . Retrieved 2023-10-14 .
^
"Washington Federal to buy Metropolitan Bancorp" .
Kitsap Sun . July 16, 1996.
^
"WASHINGTON FEDERAL TO BUY UNITED SAVINGS AND LOAN" .
The New York Times .
Reuters . May 21, 2003.
^
"Washington Federal, Inc. to Acquire First Mutual Bancshares, Inc" (Press release).
Globe Newswire . July 2, 2007.
^
"FDIC Failed Bank Information for Horizon Bank, Bellingham, WA" .
Federal Deposit Insurance Corporation .
^ GALLAGHER, DAVE; STARK, JOHN (January 8, 2010).
"Regulators shut down Horizon Bank; Washington Federal takes over" .
The Bellingham Herald .
^
"Washington Federal buys Charter Bank" .
American City Business Journals . 2011-06-09.
Archived from the original on 2011-08-13.
^ Kish, Matthew (April 5, 2012).
"South Valley Bank sold to Washington Federal" .
American City Business Journals .
^ Gallen, Tim (January 24, 2014).
"Washington Federal buys 23 retail branches in Arizona, Nevada from Bank of America" .
American City Business Journals .
^
https://www.northbaybusinessjournal.com/article/industrynews/new-signs-erected-at-former-luther-burbank-savings-in-santa-rosa-marking-wa/
External links