WaFd Bank - M&A Summary and Business Overview

Financial ServicesCompany

WaFd Bank M&A Summary

WaFd Bank has acquired 8 companies, including 2 in the last 5 years. It has also divested 2 assets.

WaFd Bank’s largest acquisition to date was in 2007, when it acquired First Mutual Bancshares for $190M. It’s largest disclosed sale occurred in 2018, when it sold Anchor Bancorp. to FS Bancorp for $31M. WaFd Bank has acquired in 5 different US states. The Company’s most targeted sectors include financial services (88%) and e-commerce (13%).

WaFd Bank Business Overview

Where is WaFd Bank headquartered?

WaFd Bank is headquartered in Seattle, Washington.

What is WaFd Bank’s revenue?

WaFd Bank disclosed revenue of 743M USD for 2023 and 662M USD for 2022.

How many employees does WaFd Bank have?

WaFd Bank has 2,204 employees.

What sector is WaFd Bank in?

WaFd Bank is a financial services company.

When was WaFd Bank founded?

WaFd Bank was founded in 1917.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity8
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

WaFd Bank

WaFd, Inc.

425 Pike Street,
Seattle, Washington 98101
United States,
(206) 624-7930
www.wafdbank.com

WaFd Bank is a financial services provider. It operates in eight western states, including Washington, Arizona, Idaho, Nevada, Oregon, Texas, Utah, and New Mexico. WaFd Bank was founded in 1917 and is based in Seattle, Washington.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 7 - - - - 1 8
vol $303M $303M
Sell (0.0/yr) # 2 - - - - - 2
vol $31M $31M
  10

Most Recent M&A

Company Date Value Type
Luther Burbank Corp. 2024-01-30 - Merger
Santa Rosa, California · www.lutherburbanksavings.com
Higher Power Nutrition 2019-01-08 15M USD Divestiture
Meridian, Idaho · www.bodybuilding.com
Anchor Bancorp. 2018-11-16 31M USD Divestiture
Lacey, Washington · www.anchornetbank.com
Washington Federal, Inc. - Insured Deposits 2017-12-15 - Divestiture
Seattle, Washington
Anchor Bancorp. 2017-04-11 64M USD Add-on Acquisition
Lacey, Washington · www.anchornetbank.com
Bank of America - 23 Retail Branches 2014-01-24 - Divestiture
, United States
South Valley Bancorp, Inc. 2012-04-04 34M USD Add-on Acquisition
Klamath Falls, Oregon · www.southvalleybank.com
Western National Bank - Loans and Deposits 2011-12-16 - Divestiture
, United States
Horizon Bank 2010-01-08 - Add-on Acquisition
Bellingham, Washington
First Mutual Bancshares, Inc. 2007-07-02 190M USD Add-on Acquisition
Bellevue, Washington · www.firstmutual.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 7 (88%) 287M (95%) 2 (100%) 31M (100%)
E-Commerce 1 (13%) 15M (5%) - -
Total 8 $303M 2 $31M

By Geo

State/Country Buy Value Sell Value
United States 8 303M 2 31M
  Washington 3 254M 2 31M
  Oregon 1 34M - -
  Idaho 1 15M - -
  California 1 - - -
Total 8 $303M 2 $31M

Top M&A Advisors

Legal Deals
Davis Wright Tremaine
1

Deal Values

buy # Total
$100M to $1B 1 $190M
< $100M 3 $113M
TOTAL $303M
Largest First Mutual Bancshares, Inc.
$190M (2007-07-02)
sell # Total
< $100M 1 $31M
TOTAL $31M
Largest Anchor Bancorp.
$31M (2018-11-16)

M&A Connections

Deals
Acquired from
Strategic(s)
38%
3 (38%)
Divested to
Strategic(s)
100%
2 (100%)

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