Washington Federal, Inc. 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 of Washington Federal
- 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 of Washington Federal
- 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