Washington Federal, Inc. is a bank based in Seattle, Washington, in the United States. It is the primary

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

of Washington Federal, Inc., a bank holding company. It operates 235 branches in eight western states. WaFd Bank is one of the largest banking institutions in the United States

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 Demutualization is the process by which a customer-owned mutual organization (''mutual'') or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, member ...

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 Corvallis ( ) is a city and the county seat of Benton County in central western Oregon, United States. It is the principal city of the Corvallis, Oregon Metropolitan Statistical Area, which encompasses all of Benton County. As of the 2020 United ...

, 1988 * Family Federal Savings and Loan Association, Dallas, Oregon, 1990 * First Federal Savings and Loan Association, Idaho Falls, Idaho, 1991 * Metropolitan Savings Association,

Portland Portland most commonly refers to: * Portland, Oregon, the largest city in the state of Oregon, in the Pacific Northwest region of the United States * Portland, Maine, the largest city in the state of Maine, in the New England region of the northeas ...

and

Eugene, Oregon Eugene ( ) is a city in the U.S. state of Oregon. It is located at the southern end of the Willamette Valley, near the confluence of the McKenzie and Willamette rivers, about east of the Oregon Coast. As of the 2020 United States Census, Eu ...

, 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 (4 branches, based in Seattle) for $65 million in 2003. Founded on July 6, 1960, it was the first

savings and loan Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an I ...

owned by

Asian Americans Asian Americans are Americans of Asian ancestry (including naturalized Americans who are immigrants from specific regions in Asia and descendants of such immigrants). Although this term had historically been used for all the indigenous people ...

. * First Mutual Bank, Bellevue, Washington, 2008 * Horizon Bank (18 branches), seized by the Federal Deposit Insurance Corporation after bank failure, Bellingham, Washington, 2010 * Charter Bank, 6 branches,

Albuquerque, New Mexico Albuquerque ( ; ), ; kee, Arawageeki; tow, Vakêêke; zun, Alo:ke:k'ya; apj, Gołgéeki'yé. abbreviated ABQ, is the most populous city in the U.S. state of New Mexico. Its nicknames, The Duke City and Burque, both reference its founding in ...

, 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

References

External links

* {{Authority control Companies based in Seattle Banks based in Washington (state) Economy of the Western United States American companies established in 1917 Banks established in 1917 Companies listed on the Nasdaq