Washington Federal has 100th anniversary celebration

Edmonds celebration Monday, April 24
Apr 21, 2017

This month, Washington Federal is celebrating its 100th anniversary. To commemorate the milestone, the Edmonds branch at 229 Main St. has a celebration 9 a.m.-4:30 p.m. Monday, April 24.

The branch will provide cake, treats and balloons the entire week. All residents are invited to participate.

“We’re excited to celebrate Washington Federal’s first 100 years in banking with our Edmonds neighbors,” said Jack Durney, Edmonds branch manager.

“This event is our chance to say ‘thank you’ to the community for their support and trust. Throughout changing economies, Washington Federal has been committed to offering sound and safe banking. My team and I are honored to help continue to make Edmonds a great place to live and do business.”

Washington Federal first started in Seattle’s Ballard neighborhood, not far from today’s headquarters, by the Kean brothers.

With their initial investment, the bank started making small loans to the community. Deposits were accepted from local businesses and residents, and turned around and lent back out in the form of home construction financing and mortgage loans.

“While our 100-year anniversary is a celebration, it’s also more than that,” Washington Federal CEO Brent Beardall said. “It’s a chance to show our gratitude and appreciation to our clients and communities for the continued chance to be a part of their lives.”

Washington Federal is a national bank that operates 238 branches in Washington, Oregon, Idaho, Utah, Arizona, Texas, Nevada, and New Mexico.

As of Dec. 31, the company reported $14.9 billion in assets, $10.6 billion in deposits and $2 billion in stockholders’ equity.

 

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