Is Washington Federal Bank in Trouble?

Is Washington Federal Bank in Trouble?

Washington Federal was shut down in December 2017 after banking regulators determined it was insolvent and had at least $66 million in bad loans. Four former Washington Federal employees, including the bank’s chief financial officer and treasurer, were indicted on embezzlement charges last year.

Is Washington Federal Bank a local bank?

Even though WaFd Bank stretches across 8 states, at our heart we are your local bank.

Is WA fed a good bank?

It was established in 1917 and as of December of 2021, it had grown to 2,129 employees at 221 locations. WaFd Bank has an A+ health rating.

Is Washington Federal Bank FDIC insured?

The FDIC-insured bank has branches in eight states: Washington, Oregon, Idaho, Utah, Nevada, Arizona, New Mexico and Texas. It offers three types of checking accounts, as well as a savings account, money market account and numerous certificates of deposit.

What does WaFd Bank stand for?

Washington Federal for
What does WaFd stand for? WaFd is our longtime nickname and an abbreviation of Washington Federal for over a century. WaFd Bank also aligns with our NASDAQ ticker symbol—WAFD. We pronounce it “Wah-Fed”.

Is Washington Federal Bank of America?

The Show Low branch is part of 23 branches Washington Federal acquired in Arizona and Nevada as part of an agreement with Bank of America. The acquisition gives the Seattle-based company 258 branches in eight western states.

What type of bank is Washington Federal?

Public company
Washington Federal, Inc. is a bank based in Seattle, Washington, in the United States. It is the primary subsidiary of Washington Federal, Inc., a bank holding company….Washington Federal.

Trade name WaFd Bank
Type Public company
Traded as Nasdaq: WAFD S&P 400 component
Industry Financial services
Founded January 1, 1917

What kind of bank is Washington Federal?

solid regional bank
Quick Take: Washington Federal Bank is a solid regional bank with a broad product line and competitive rates. The bank offers all the products most people need, many with maintenance fees that can be waived, plus reasonable balance requirements.