Washington Federal Completes Acquisition of South Valley Bank & Trust
SEATTLE, WA -- (Marketwire) -- 10/31/12 -- Washington Federal
(NASDAQ: WAFD) today 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.
Roy M. Whitehead, Chairman, President & CEO of Washington Federal
said, "South Valley has long been known as a strong community partner
with a loyal customer base and smart, helpful employees. We warmly
and enthusiastically welcome them all to Washington Federal. It's an
honor to be able to expand our presence in southern and central
Oregon through a merger with this fine organization. We pledge to
continue the South Valley tradition of active support for the
neighborhoods, businesses and consumers in the communities served by
About Washington Federal
Washington Federal, with headquarters in
Seattle, Washington, has 190 offices in eight western states. To find
out more about the Company, please visit our website. The Company
uses its website to distribute financial and other material
information about the Company, which is routinely posted on and
accessible at www.washingtonfederal.com.
Washington Federal, Inc.
425 Pike Street, Seattle, WA 98101
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