# WaFd Bank

> WaFd Bank is a Seattle-based regional bank serving households, businesses and commercial real estate clients across nine western U.S. states. It offers deposits, digital banking, business and SBA lending, treasury services and related wealth and insurance services. Its shift away from new single-family mortgages precedes a proposed combination with EverBank announced in September 2026.

- **Founded:** 1917
- **Headquarters:** Seattle, United States
- **Products:** Personal deposits and cards, Business checking, Business lending, SBA lending, Commercial banking and real estate
- **Notable:** Publicly traded since 1982., Acquired Luther Burbank Corporation in March 2024., Became an SBA Preferred Lender in 2025.

## Products & services

- **Personal deposits and cards** — Checking, savings, money markets, CDs, IRAs, debit and credit cards.
- **Business checking** — Free, Interest, Premier and Analyzed accounts for different balances and transaction needs.
- **Business lending** — Term loans and revolving credit for equipment, working capital and growth, subject to approval.
- **SBA lending** — 7(a), 504 and Express financing; Preferred Lender status achieved in 2025.
- **Commercial banking and real estate** — Commercial loans, equipment and acquisition finance, owner-occupied property and development finance.
- **Treasury and merchant services** — ACH, wires, Positive Pay, payment processing, payroll and point-of-sale solutions.
- **Mobile and online banking** — Balance checks, transfers, mobile deposits, bill payments and card controls.
- **WaFd Wealth** — Related wealth business offering financial planning, investment management and private banking.
- **WaFd Insurance** — Related brokerage offering personal and business insurance coverage.

## Achievements

- Publicly traded since 1982.
- Acquired Luther Burbank Corporation in March 2024.
- Became an SBA Preferred Lender in 2025.
- Paid its 174th consecutive quarterly cash dividend in September 2026.

## Latest updates

- **2026-10** — FY2026 net income was $255.865 million; diluted EPS reached $3.21, up 22%. Quarter-end assets were $27.231 billion and deposits $21.321 billion.
- **2026-09** — Announced $3.9 billion reverse merger with EverBank; combined public company would use the EverBank name. Existing WaFd shareholders would own approximately 40.8%.
- **2026-09** — Quarter included a $543 million single-family loan sale and a $36 million charge-off tied to one resolved lending relationship.
- **2025-01** — Announced exit from new single-family mortgage origination, including HELOCs, to focus on commercial and small-business lending.

## Links

- Website: https://www.wafdbank.com
- LinkedIn: https://www.linkedin.com/company/wafd-bank/
- Twitter/X: https://twitter.com/wafdbank
- YouTube: https://www.youtube.com/@WAFDBank
- Instagram: https://www.instagram.com/wafdbank/
- Facebook: https://www.facebook.com/wafdbank

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Profile page: https://yespress.io/wafd-bank
Published by YesPress — https://yespress.io
Last updated: 2026-10-23