Corporate Profile for Washington Federal Savings, dated Oct. 3, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Oct. 3, 1997
Company Name: Washington Federal Savings
Address: 425 Pike Street
Seattle, WA. 98101
Main Telephone
Number: 206/624-7930
Chief Executive
Officer: Guy C. Pinkerton
Chief Financial
Officer: Ronald Saper
Investor Relations
Contacts: Cathy Cooper/Ronald Saper
Business number: 206/777-8246
Public Relations
Contact: Cathy Cooper
Business number: 206/777-8246
Trading Symbol/
Exchange: NASDAQ:WFSL
Industry: Financial Institutions
Market Makers: Smith Barney, Merrill Lynch, Pierce Fenner, Lehman
Brothers, Dain Bosworth, Montgomery Securities,
Fox Pitt Kelton, Mayer & Schweitzer, Troster
Singer
Company description: Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. Federal Inc. (WFSL) is the parent company of Washington Federal Savings Washington Federal Savings is the savings and loan subsidiary of Washington Federal, Inc., a bank holding company based in Seattle, Washington that trades on the NASDAQ under the symbol WFSL. It has operations in Washington, Idaho, Oregon, Nevada, Utah, Arizona, and Texas. , a $5.8 billion savings association headquartered in Seattle with over 100 offices in Washington, Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. , Idaho, Utah and Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). . Washington Federal Savings traces its roots back to 1917, when Ballard Savings and Loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. was founded in the small fishing and lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to community north of Seattle. The Association converted from a federal mutual to a federal stock association in November 1982, and formed the holding company in February 1995. The company's fiscal year ends Sept. 30. Washington Federal operates as a traditional thrift thrift: see leadwort. , obtaining its funds primarily through savings deposits Savings deposits Accounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand. from the general public, from repayment of loans and from borrowings and retained earnings Retained Earnings The percentage of net earnings not paid out in dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. . These funds are used largely to make first lien lien, claim or charge held by one party, on property owned by a second party, as security for payment of some debt, obligation, or duty owed by that second party. loans to borrowers for the acquisition and development of land into residential lots, the construction of homes, the purchase of new and existing homes, the financing of other real estate, and for investment in obligations of muncipalities, the U.S. government and its agencies. As of June 30, 1997: Assets: $5.8 billion Deposits: $2.9 billion Branches: 104 6/30/97 Quarterly Income: $27.0 million, or $0.56 per share Income for Nine Months ended June 30, 1997: $77.5 million Current Quarterly Dividend: $0.23 per share (payable 10/24/97) Stock Prices: Quarter Ended High Low Dividends 12/31/94 16-7/8 13-5/8 18 03/31/95 17 14-1/4 18 06/30/95 20-1/8 16-1/8 19 09/30/95 19-7/8 17-3/8 19 12/31/95 21-5/8 18-1/4 20 03/31/96 21-3/8 18-3/4 20 06/30/96 20-1/8 18-3/8 21 09/30/96 21-1/2 17-1/2 21 Market Makers: Smith Barney Inc. Dean Witter Reynolds, Inc. Merrill Lynch, Pierce, Fenner Herzog, Heine, Geduld, Inc. Lehman Brothers, Inc. Piper Jaffrey Companies Inc. Dain, Bosworth, Inc. Ragen McKenzie Inc. Montgomery Securities, Inc. Keffe, Bruyette & Woods, Inc. Fox-Pitt, Kelton, Inc. Knight Securites, L.P. Mayer & Schweitzer Inc. Sherwood Securities Corp. Troster Singer Corp. Jeffries & Company, Inc. CONTACT: Washington Federal Savings |
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