Update
The company recently announced that it had re-purchased its preferred stock from the Treasury Department. Washington Federal paid $200 million to reclaim the stock. Updated 6-5-09
Washington Federal, Inc. is a non-diversified unitary savings and loan holding company that conducts its operations through a federally insured savings and loan association subsidiary, Washington Federal Savings. In February 2008, Washington Federal completed its acquisition of First Mutual Bancshares, Inc. The company has 148 full service branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas, and is headquartered in Seattle, Washington. On November 14, 2008 Washington Federal received $200 million from the Treasury Department through the Capital Purchase Program, in exchange for 200,000 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A. The company returned the funds in full on May 27, 2009.
Resources
Bank Bio Chart | Financial Documents | Federal contracts
Lobbying reports | Political Contributions | Related Articles
Bailout Bank Bio: Washington Federal, Inc.
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Federal Equity Investment |
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Total Revenue |
$729.98 million (2007) |
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Net Income |
$62.33 million (2007) |
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Number of Employees |
1,056 |
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Corporate Headquarters |
Seattle, Washington |
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Business Sector |
Financial |
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Officers and Directors |
Whitehead, Roy, Chairman of the Board, President, Chief Executive Officer |
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Corporate Website |
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Executive Compensation |
2008-11-14 Washington Federal 8K
2007 Washington Federal Annual Report
No federal contracts located.
No lobbying records located.
Center for Responsive Politics (last accessed 01/27/2009)
December 30, 2008 Local shareholders profit at our expense Everett Herald
October 31, 2008 Treasury Billions Pay Banks’ Dividends New York Post
October 27, 2008 BRIEF: Washington Federal to Get $200 Million From U.S. Treasury Seattle Times
Last Updated June 5, 2009
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