Washington Federal

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]

Washington Federal, Inc.
WaFd Bank
TypePublic company
Nasdaq: WAFD
S&P 600 component
IndustryFinancial services
FoundedJanuary 1, 1917 (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]

WaFd Bank is one of the 76th 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

References
  1. "Meet our Banking Executives". WaFd Bank. Retrieved 2021-03-04.
  2. "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. "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.
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