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Slide #91. Washington Federal — South Valley Bank & Trust
Washington Federal (NASDAQ:WAFD)
South Valley Bank & Trust
Washington Federal announced that the acquisition of South Valley Bank & Trust, headquartered in Klamath Falls, Oregon, has been successfully completed. South Valley will add approximately $514 million of loans, $743 million of deposits and 24 offices to Washington Federal's branch network.
Washington Federal is a bank holding company. Through its subsidiary, Washington Federal Bank, National Association, Co.'s business consists of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans. Co. also invests in certain U.S. government and agency obligations and other investments permitted by applicable laws and regulations. Through its subsidiaries, Co. is also engaged in insurance brokerage activities.
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