Add-on Acquisition • Financial Services

WaFd Bank Acquires First Mutual Bancshares

On July 2, 2007, WaFd Bank acquired financial services company First Mutual Bancshares for 190M USD

Acquisition Context
  • This is WaFd Bank’s 1st transaction in the Financial Services sector.
  • This is WaFd Bank’s largest (disclosed) transaction.
  • This is WaFd Bank’s 1st transaction in the United States.
  • This is WaFd Bank’s 1st transaction in Washington.

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M&A Deal Summary

Date July 2, 2007
Target First Mutual Bancshares
Sector Financial Services
Buyer(s) WaFd Bank
Deal Type Add-on Acquisition
Deal Value 190M USD

Target Company

First Mutual Bancshares

Bellevue, Washington, United States
First Mutual Bancshares, Inc. provides financial services in US.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 1 of 8
Sector: Financial Services 1 of 7
Type: Add-on Acquisition 1 of 4
State: Washington 1 of 3
Country: United States 1 of 8
Year: 2007 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-08 Horizon Bank

Bellingham, Washington, United States

Horizon Bank operated 18 full-service offices, four commercial loan centers and four real estate loan centers throughout Whatcom, Skagit, Snohomish and Pierce Counties in Washington.

Buy -