M&A Deal Summary

WaFd Bank Acquires First Mutual Bancshares

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2007-07-02
Target First Mutual Bancshares
Sector Financial Services
Buyer(s) WaFd Bank
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

First Mutual Bancshares

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

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Buyer(S) 1

Buyer

WaFd Bank

Seattle, Washington, United States
Category Company
Founded 1917
Sector Financial Services
Employees2,204
Revenue 743M USD (2023)
DESCRIPTION

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.

DEAL STATS #
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.

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