WaFd Bank Locations Near Me - Home Loans & Banking Services | WaFd Bank (2024)

FAQs

Who owns WaFd Bank? ›

SEATTLE, June 21, 2024--(BUSINESS WIRE)--Washington Federal Bank ("WaFd Bank" or the "Bank"), the wholly owned subsidiary of WaFd, Inc.

The $654 million merger with the Seattle-based WaFd Bank, announced in November 2022, officially closed at the end of February. Here's how many Luther Burbank Savings employees will be staying on.

WaFd is Proud to be Awarded America's Best Bank

Working together isn't new for us.

The rating agency has issued a BBB+ rating for senior unsecured debt and BBB for subordinated debt for WaFd. For WaFd Bank, KBRA assigned deposit and senior unsecured debt ratings of A- and a subordinated debt rating of BBB+. Further, the outlook is stable for all long-term ratings.

Total assets on the balance sheet as of March 2024 : $30.14 B.

Deposits remain insured by the FDIC up to $250,000 per depositor.

What does WaFd stand for? WaFd is our longtime nickname and an abbreviation of Washington Federal for over a century. WaFd Bank also aligns with our NASDAQ ticker symbol—WAFD.

WaFd Bank Overview

Banking services offered by WaFd Bank include commercial banking, small business loans, business checking and savings accounts, personal loans, credit cards and personal deposit accounts.

First Union merges

The new company was named Wachovia Corporation. As of December 31, 2001, it held assets totaling $330 billion and stockholders' equity totaling $28 billion. In 2008, Wells Fargo & Company acquired Wachovia Corporation, including First Union.

As per the latest news, 4 public sector banks might be merged next. UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, and Central Bank of India might be merged. Alternatively, merging with Union Bank of India, Canara Bank, or Indian Bank is being considered.

What is Washington biggest bank? ›

1. JPMorgan Chase – $3.5 trillion. Columbus, Ohio-based JPMorgan Chase is the largest US bank with total assets of $3.503 trillion. Some $2.684 trillion are domestic assets, accounting for 77% of its total assets.

Liberty Bank was the first Black-owned bank in the Pacific Northwest, founded as a community response to redlining and disinvestment in Central Seattle.

It is the oldest and largest privately held commercial bank in the Pacific Northwest, and has more than 40 financial centers and offices in Washington, Idaho and Oregon with over 1,000 employees.

The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.

December 5, 2019 / Bristol, PA – Bristol, Pa. -based Fidelity Savings and Loan Association of Bucks County and Philadelphia-based Washington Savings Bank agreed to merge with and into William Penn Bank (MHC), a unit of William Penn Bancorp Inc. (MHC).