WaFd Bank is a federally-insured commercial bank headquartered in Seattle that operates branches across nine western states, serving consumers, small- and mid-sized businesses, and commercial real estate developers and owners. The bank's core business is originating and investing in various loan types—including commercial real estate, commercial & industrial, construction, and consumer residential loans—which comprise the majority of its assets, while also accepting customer deposits across multiple product types that fund lending activities. WaFd generates revenue primarily from interest on loans and investments, loan fees, and earnings from its subsidiary operations in insurance brokerage and wealth management services.