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]
 | |
| Formerly | Washington Federal |
|---|---|
| Company type | Public |
| Nasdaq: WAFD S&P 600 component | |
| Industry | Financial services |
| Founded | January 1, 1917; 107 years ago (1917-01-01) |
| 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)[1] |
| 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) [2] |
| US$ 219.186 million (2020)[2] | |
| US$ 173.438 million (2020)[2] | |
| Total assets |  US$ $18.794 billion (2020)[2] |
| Total equity | US$ $2.014 billion (2020)[2] |
Number of employees | 1,877 (2018) |
| Parent | WaFd, Inc. |
| Website | www |
| Footnotes / references [3] | |
WaFd Bank is the 63rd largest bank in the United States.[5]
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]
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]
