Washington Federal, Inc.
WaFd Bank
Company typePublic
Nasdaq: WAFD
S&P 600 component
IndustryFinancial services
FoundedJanuary 1, 1917; 107 years ago (1917-01-01)
HeadquartersSeattle, 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]
ProductsConsumer Banking, Corporate Banking, Insurance, Investment Banking, Mortgage loans, Private Banking, Private equity, Wealth management, Credit cards, Financial Analysis
RevenueDecrease US$ 621.265 million (2020) [2]
Decrease US$ 219.186 million (2020)[2]
Decrease US$ 173.438 million (2020)[2]
Total assetsIncrease US$ $18.794 billion (2020)[2]
Total equityDecrease US$ $2.014 billion (2020)[2]
Number of employees
1,877 (2018)
Websitewww.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

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

References

  1. ^ "Meet our Banking Executives". WaFd Bank. Retrieved 2021-03-04.
  2. ^ a b c d e "Washington Federal 2020 Form 10-K". United States Securities and Exchange Commission. 2020-11-23. Retrieved 2021-03-04.
  3. ^ "Washington Federal, Inc. 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  4. ^ "Bank Accounts, Home Loans, and Commercial Financing | WaFd Bank". wafdbank. Retrieved 2023-10-14.
  5. ^ "FRB: Large Commercial Banks-- June 30, 2023". www.federalreserve.gov. Retrieved 2023-10-14.
  6. ^ "WaFd Bank - Specialized Industries". wafdbank. Retrieved 2023-10-14.
  7. ^ a b c d e f "Meet Our Banking Executives". wafdbank. Retrieved 2023-10-14.
  8. ^ "Company History". wafdbank. Retrieved 2023-10-14.
  9. ^ "Our Company - Our Promise, Difference & Values". wafdbank. Retrieved 2023-10-14.
  10. ^ "Washington Federal to buy Metropolitan Bancorp". Kitsap Sun. July 16, 1996.
  11. ^ "WASHINGTON FEDERAL TO BUY UNITED SAVINGS AND LOAN". The New York Times. Reuters. May 21, 2003.
  12. ^ "Washington Federal, Inc. to Acquire First Mutual Bancshares, Inc" (Press release). Globe Newswire. July 2, 2007.
  13. ^ "FDIC Failed Bank Information for Horizon Bank, Bellingham, WA". Federal Deposit Insurance Corporation.
  14. ^ GALLAGHER, DAVE; STARK, JOHN (January 8, 2010). "Regulators shut down Horizon Bank; Washington Federal takes over". The Bellingham Herald.
  15. ^ "Washington Federal buys Charter Bank". American City Business Journals. 2011-06-09. Archived from the original on 2011-08-13.
  16. ^ Kish, Matthew (April 5, 2012). "South Valley Bank sold to Washington Federal". American City Business Journals.
  17. ^ Gallen, Tim (January 24, 2014). "Washington Federal buys 23 retail branches in Arizona, Nevada from Bank of America". American City Business Journals.

External links

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