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M&A Deal Summary

Royal Bank Acquires Washington Federal - Insured Deposits

On December 15, 2017, Royal Bank acquired financial services company Washington Federal - Insured Deposits from WaFd Bank

Acquisition Highlights
  • This is Royal Bank’s 2nd transaction in the Financial Services sector.
  • This is Royal Bank’s 2nd transaction in the United States.
  • This is Royal Bank’s 1st transaction in Washington.

M&A Deal Summary
Date 2017-12-15
Target Washington Federal - Insured Deposits
Sector Financial Services
Buyer(s) Royal Bank
Sellers(s) WaFd Bank
Deal Type Divestiture

Target

Washington Federal - Insured Deposits

Seattle, Washington, United States
Washington Federal, Inc. - Insured Deposits includes checking, savings, money market and certificates of deposit.

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Buyer(S) 1

Buyer

Royal Bank

Chicago, Illinois, United States
Category Company
Founded 1887
Sector Financial Services
Revenue 15M USD (2020)
DESCRIPTION

Royal Bank is a provider of checking and savings products and a full line of home and commercial lending solutions. Royal Bank was formed in 1887 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-15 Park Bancorp

Chicago, Illinois, United States

Park Bancorp, Inc. is a provider of financial services.

Buy $240M

Seller(S) 1

SELLER

WaFd Bank

Seattle, Washington, United States
Category Company
Founded 1917
Sector Financial Services
Employees2,018
Revenue 722M USD (2024)
DESCRIPTION

WaFd Bank is a financial services provider. WaFd Bank was founded in 1917 and is based in Seattle, Washington.

DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Washington M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Anchor Bancorp.

Lacey, Washington, United States

Anchor Bancorp. is a provider of financial services through it operating company Anchor Bank. Anchor Bancorp. was founded in 1981 and is based in Lacey, Washington.

Buy $64M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 Anchor Bancorp.

Lacey, Washington, United States

Anchor Bancorp. is a provider of financial services through it operating company Anchor Bank. Anchor Bancorp. was founded in 1981 and is based in Lacey, Washington.

Sell $31M
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