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Washington Federal Completes Merger with Luther Burbank
Company Announcements

Washington Federal Completes Merger with Luther Burbank

Story Highlights
  • WaFd completed a merger with Luther Burbank, boosting assets to $30.1 billion.
  • Investments in service and technology enhanced WaFd’s customer satisfaction and online growth.
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The latest update is out from Washington Federal ( (WAFD) ).

WaFd, Inc. has completed a merger with Luther Burbank, enhancing its assets to $30.1 billion and increasing its customer accounts to $5.6 billion. This strategic move, along with investments in customer service and technology, has improved WaFd’s customer satisfaction and online presence, supporting its vision of becoming a highly-profitable, digital-first bank.

More about Washington Federal

Washington Federal, operating as WaFd Bank, is a full-service commercial and consumer bank established in 1917 and headquartered in Seattle, WA. It is the second largest bank in the Pacific Northwest with 210 branches across nine western states, offering portfolio mortgage lending and managing interest rate risk effectively. The bank is known for strong capital, high asset quality, and consistent profitability since 1965.

YTD Price Performance: 12.54%

Average Trading Volume: 531,953

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.92B

Find detailed analytics on WAFD stock on TipRanks’ Stock Analysis page.

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