WaFd Bank

#4117

Rank

$2.5B

Marketcap

United States

Country

Leadership team

Mr. Brent J. Beardall CPA (Pres, CEO & Vice Chairman)

Mr. Vincent L. Beatty (Exec. VP & CFO)

Ms. Kim E. Robison (Exec. VP & COO)

Products/ Services

Banking, Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Seattle, Washington, United States

Established

1917

Company Registration

SEC CIK number: 0000936528

Net Income

100M - 500M

Revenue

500M - 1B

Traded as

WAFD

Social Media

URL

https://www.wafdbank.com

Overview

Location

Recognition and Award

References

Summary

Washington Federal, Inc. operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It also provides single-family residential, construction, land acquisition and development, consumer lot, multi-family residential, commercial and industrial, commercial real estate, home equity, business and consumer loans. In addition, the company offers insurance brokerage services, such as individual and business insurance policies; holds and markets real estate properties; mobile and internet banking services; and debit and credit cards, as well as acts as the trustee. It serves consumers, mid-sized and large businesses, and owners and developers of commercial real estate. As of September 30, 2021, the company had 219 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington.

History

The bank was founded on April 24, 1917, as Ballard Savings and Loan.

In 1958, it merged with and took the name of Washington Federal Savings and Loan.

The bank demutualized in 1982.

The present holding company structure was adopted in 1995.

In 2019, the bank was rebranded as WaFd Bank.

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

United Savings and Loan Bank for $65 million in 2003. Founded on July 6, 1960, it was the first savings and loan owned by Asian Americans.

First Mutual Bank, Bellevue, Washington, 2008

Horizon Bank , seized by the Federal Deposit Insurance Corporation after bank failure, Bellingham, Washington, 2010

Charter Bank, 6 branches, Albuquerque, New Mexico, 2011

South Valley Bancorp Inc., Klamath Falls, Oregon, 2012

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

Mission

Washington Federal Believes that banking is more than a series of financial transactions. It is a commitment to building relationships both with clients and the community at large. Each and every banking transaction holds a deeper meaning - whether it's saving toward a future goal, buying a home, or making an investment in a thriving business. We believe a good bank understands this and provides a secure financial foundation that helps our clients accomplish their goals so that all can benefit.

Vision

Our vision is to be America’s premier provider of financial services, creating the ideal financial experience for our customers.

Key Team

Mr. James A. Endrizzi (Exec. VP & Chief Commercial Banker)

Lisa M. King (Sr. VP of HR)

Ms. Cathy E. Cooper (Exec. VP, Chief Consumer Banker & Corp. Sec.)

Mr. Keith D. Taylor (Sr. VP of Corp. Real Estate and Treasurer)

Mr. Cory D. Stewart (Principal Accounting Officer & Sr. VP)

Jim Motz (Chief Information Officer & Exec. VP)

Mr. Brad Goode (Chief of Communications, Marketing & Community Relations and Sr. VP)

Recognition and Awards

In 2019, WaFd Bank was named the Best Overall Bank in the U.S. by Forbes and has also been recognized for its commitment to innovation, customer service, and community involvement.