BranchWatch

WaFd Bank

Headquartered in Seattle, WA. Part of Wafd, Inc. FDIC certificate #28088 · Federal Reserve RSSD 656377.

Total assets
$27.6B
Deposits
$21.2B
Q1 2026
Active branches
214
Closings since Jan 2020
45
11 openings since Jan 2020

Financial snapshot — Q1 2026

All quarters
Net income (quarter)
$68M
Return on assets
0.99%
Return on equity
8.98%
Noncurrent loan rate
0.61%

Deposits by year (Summary of Deposits)

12
2019
13
2020
15
2021
16
2022
16
2023
21
2024
22
2025

Values in $ billions, June 30 of each year.

Closings by year

15
2021
19
2022
7
2023
1
2024
2
2025
1
2026

Openings by year

1
2022
5
2023
1
2024
4
2026

Other network changes since 2020

  • 36 branch relocations
  • 14 branches acquired through purchases or mergers
  • September 25, 2025: legal name changed from “Washington Federal Bank” to “WaFd Bank”
  • February 4, 2022: legal name changed from “Washington Federal, National Association” to “Washington Federal Bank”

Branches by state

Recent closings (30 of 45)

All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.wafdbank.com.