M&A Deal Summary

Washington Federal Acquires First Mutual Bancshares

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

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

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

Target

First Mutual Bancshares

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

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Buyer(S) 1

Buyer

Washington Federal

Seattle, Washington, United States

website

Category Company
Founded 1917
Sector Financial Services
Employees2,098
Revenue 662M USD (2022)
DESCRIPTION

Washington Federal is a financial services provider. It operate in eight western states, including Washington, Arizona, Idaho, Nevada, Oregon, Texas, Utah and New Mexico. Washington Federal 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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