Description
Washington Federal (WaFd Bank) is a bank based in Seattle, Washington, in the United States. It is the primary subsidiary of Washington Federal, Inc., a bank holding company. It operates 235 branches in eight western 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 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 (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.
- First Mutual Bank, Bellevue, Washington, 2008
- Horizon Bank (18 branches), seized by the Federal Deposit Insurance Corporation after bank failure, Bellingham, Washington, 2010
- 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
