Washington Federal Declares Cash Dividend and Receives Regulatory Approval for
SEATTLE, WA -- (Marketwired) -- 06/24/13 -- The Board of Directors
of Washington Federal, Inc. (NASDAQ: WAFD), parent company of
Washington Federal, today announced a quarterly cash dividend of 9
cents per share. The dividend will be payable on July 19, 2013 to
common stockholders of record on July 5, 2013. This will be
Washington Federal's 122nd consecutive quarterly cash dividend.
Washington Federal also announced that it has received approval from
the Office of the Comptroller of the Currency to convert to a
national bank charter. In conjunction with this charter conversion,
Washington Federal, Inc. has received approval from the Federal
Reserve Bank of San Francisco to become a bank holding company.
Management and the Board view the national bank charter as more
closely aligned with the Company's business model and the current
regulatory structure. The Company anticipates completion of the
charter conversion process by the end of July, 2013. Clients of
Washington Federal will be unaffected.
Washington Federal operates 184 offices in Washington, Oregon, Idaho,
Utah, Nevada, Arizona, Texas and New Mexico. Established in 1917, the
Company provides consumer and commercial deposit accounts, insurance
products and financing for small to middle market businesses,
commercial real estate and residential real estate, including
consumer mortgages and home equity lines of credit. As of March 31,
2013, the Company reported $13.1 billion in assets, $9.2 billion in
deposits and $1.9 billion in stockholders' equity.
Washington Federal, Inc.
425 Pike Street
Seattle, WA 98101
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