Washington Federal Bank

Description

Washington Federal Bank for Savings was incorporated in the State of Illinois on April 1, 1913 as a mutual loan and building association serving the Polish community in the Bridgeport neighborhood of Chicago, Illinois. In 1934, the Bank purchased it present location at 2869 S. Archer Avenue, Chicago. On March 1, 1995, the Bank completed its conversion from a federally-chartered mutual savings bank to a federally-charted stock savings bank. On May 24, 2004, the Bank expanded its banking operations with the opening of the first branch office located at 1410 W. Taylor Street in the "Little Italy" neighborhood of Chicago. Currently, Washington is primarily engaged in the business of accepting deposits from the general public and using those funds to originate mortgage loans for the purchase and refinancing of single-family homes primarily located in and around the Bridgeport area (which is located approximately three miles from Chicago’s "Loop") and, to a lesser extent, the greater Cook and DuPage counties of Illinois. Washington has always focused on providing the community with similar banking services available at the larger institutions, but with a personal touch allowing each and every customer feel that they matter to us. Mission Statement Washington Federal Bank for Savings’ mission is simple....to provide every customer with personal service and attentiveness, to provide our customers with deposit instruments which are highly competitive with the larger institutions and to provide mortgage loans primarily to individuals seeking to purchase or refinance a home in the Bridgeport community, as well as the greater Cook and DuPage counties of Illinois. In following this mission, Washington will be able to maintain profitability and a strong capital position necessary to continue well into the future.

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