Wafd Inc 8-K, filed Feb 4, 2022
Wafd Inc (WAFD)
8-K
2022-02-04
For: 2022-02-04
View Original
Added on
April 05, 2026
About this 8-K
Wafd Inc filed this 8-K on February 4, 2022.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 4, 2022
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code (206 ) 624-7930
Not Applicable
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of each exchange on which registered | ||||||||||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No x
| Item 8.01 | Other Events | ||||
On February 4, 2022 Washington Federal Bank, dba WaFd Bank ("WaFd Bank or "Bank"), the bank subsidiary of Washington Federal Inc. (NASDAQ: WAFD) ("Washington Federal" or "Company") announced the completion of its conversion from a federally chartered national banking association to a Washington state chartered commercial bank. Going forward, primary supervision of the Bank will be by the Washington State Department of Financial Institutions and the Federal Deposit Insurance Corporation ("FDIC"). As part of this conversion, the legal name of the Bank has been changed from "Washington Federal Bank, National Association" to "Washington Federal Bank".
The press release issued by the Company in connection with the charter conversion is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
| Item 9.01 | Financial Statements and Exhibits | ||||
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) The following exhibits are being filed herewith:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| February 4, 2022 | WASHINGTON FEDERAL, INC. | |||||||||||||||||||
| By: | /s/ VINCENT L. BEATTY | |||||||||||||||||||
| Vincent L. Beatty | ||||||||||||||||||||
| Executive Vice President and Chief Financial Officer | ||||||||||||||||||||
3
Friday, February 4, 2022 FOR IMMEDIATE RELEASE Washington Federal Bank Announces Completion of Conversion to Washington State Chartered Commercial Bank SEATTLE, WASHINGTON – Washington Federal Bank, the wholly owned subsidiary of Washington Federal, Inc. (Nasdaq: WAFD) (the "Company"), today announced the successful completion of its conversion from a national bank charter, supervised by the Office of the Comptroller of the Currency, to a Washington state chartered commercial bank. Going forward primary supervision of the bank will be by the Washington State Department of Financial Institutions and the Federal Deposit Insurance Corporation (“FDIC”). As part of this conversion, the legal name of the bank has been changed from “Washington Federal Bank, National Association” to “Washington Federal Bank”. The bank will continue to do business as WaFd Bank. Vice-Chairman, President and Chief Executive Officer Brent J. Beardall commented, "We are pleased to move forward as a commercial bank chartered here in the state of Washington, giving us the benefit of having our primary regulator nearby. We believe that a local regulator with a direct understanding of many of our communities will be a pro-active partner in supporting the economic vitality of those communities. Our history has taught us that a bank can and should be a force for good in its communities and deliver a reasonable return for its shareholders. Additionally, we expect moving to a state charter will save the bank approximately $500,000 of operating expenses per year. This change will not materially impact our daily activities of serving clients’ depository and credit needs.”
WaFd Bank is headquartered in Seattle, Washington, and has 219 branches in eight western states. To find out more about WaFd Bank, please visit our website www.wafdbank.com. The Company uses its website to distribute financial and other material information about the Company. Important Cautionary Statements The foregoing information should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2021 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This press release contains statements about the Company’s future that are not statements of historical fact. These statements are “forward looking statements” for purposes of applicable securities laws, and are based on current information and/or management's good faith belief as to future events. The words “believe,” “expect,” “anticipate,” and similar expressions signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance. By their nature, forward-looking statements involve inherent risk and uncertainties, which change over time; and actual performance could differ materially from those anticipated by any forward-looking statements. In particular, any forward-looking statements are subject to risks and uncertainties related to the COVID-19 pandemic and the resulting governmental and societal responses. The Company undertakes no obligation to update or revise any forward-looking statement. # # # Contact: Washington Federal, Inc. 425 Pike Street, Seattle, WA 98101 Brad Goode, SVP, Chief Marketing Officer 206-626-8178 brad.goode@wafd.com