WaFd Bank

WaFd Bank
Formerly	Washington Federal
Company type	Public
Traded as	Nasdaq: WAFD; S&P 600 component
Industry	Financial services
Founded	January 1, 1917; 107 years ago
Headquarters	Seattle, Washington, United States
Number of locations	200+
Area served	Washington, Oregon, Arizona, Idaho, Nevada, Utah, New Mexico, California, Texas
Key people	Brent J. Beardall (CEO)
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)
Operating income	US$ 219.186 million (2020)
Net income	US$ 173.438 million (2020)
Total assets	US$ $18.794 billion (2020)
Total equity	US$ $2.014 billion (2020)
Number of employees	1,877 (2018)
Parent	WaFd, Inc.
Website	www.wafdbank.com
	Footnotes / references;

Washington Federal Bank (doing business as WaFd Bank) is an American bank based in Seattle, Washington. It operates over 200 branches throughout Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas.^[4]

WaFd Bank is the 63rd 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

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]