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Stock impact report

WaFd (WAFD)-Luther Burbank (LBC) Merger Gets Regulatory Nod [Yahoo! Finance]

WaFd, Inc. (WAFD) 
Last wafd, inc. earnings: 4/21 07:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The merger, slated to be completed by Feb 29, has received the green light from regulatory authorities. The deal, announced on Nov 13, 2022, garnered regulatory approvals from the Federal Deposit Insurance Corporation, the Washington State Department of Financial Institutions and the Board of Governors of the Federal Reserve System. Upon closure, this move will extend WaFd's reach to nine western states, incorporating 10 California branches from Luther Burbank. Brent Beardall, president, and CEO of WaFd Bank, stated, "The more we have worked with the Luther Burbank team, the more convinced we are our combined bank will create significant opportunities for current and future customers and shareholders." Two directors from Luther Burbank, Brad Shuster and Max Yzaguirre, are set to join the board of WaFd following the completion of the merger, bringing their wealth of knowledge and industry experience to the table. The integration process is expected to be swift, with system and Show less Read more
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