Market Overview

Washington Federal Announces Michelle Coons as Its New New Mexico Regional President

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Washington
Federal, Inc.
(NASDAQ:WAFD) today announced that effective January
1, 2018, Michelle Coons will lead its New Mexico territory as Senior
Vice President and Regional President. Bill Synnamon, its current NM
Regional President, is retiring effective December 31, 2017, after
serving in this capacity over the last 6 years. Michelle and Bill, whose
career paths have crossed in the past at United New Mexico, will begin
working together on the transition of duties as of December 1st.
Michelle will maintain offices in Albuquerque and Santa Fe.

This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171127005994/en/

Michelle Coons, New Mexico Regional President, Washington Federal, Inc. (Photo: Business Wire)

Michelle Coons, New Mexico Regional President, Washington Federal, Inc. (Photo: Business Wire)

Michelle is a thirty-four-year veteran of NM banking, having held
positions as a Regional President, a Community Bank President and a
multi-state Commercial Banking Manager over the last 18 years. She is
well known across the state for her community leadership having served
as past board chairs for the UNM Foundation, Accion, the Association of
Commerce and Industry and the UNM Alumni Association. Her current
community involvement also includes the New Mexico Space Authority, New
Mexico Amigos, New Mexico Women's Forum and Economic Forum. Michelle is
a UNM graduate with a BBA from the Anderson Schools of Management,
attended UNM's New Mexico School of Banking and the National Commercial
Lending Graduate School at the University of Oklahoma.

Washington Federal President & CEO, Brent Beardall, said, "We are
pleased to have Michelle join our leadership team as Washington Federal
is celebrating its 100th anniversary. Our New Mexico roots
began in Roswell in 2007, grew again in 2011 with the Beal/Charter bank
acquisition in Santa Fe and Albuquerque and then expanded statewide with
the acquisition of 11 branches from Bank of America in 2014.
Consequently, Michelle will oversee 25 branches, 4 commercial banking
markets, $843 million in deposits, $597 million in loans and 49 licensed
mortgage officers throughout her territory. I am confident she is the
right leader to continue to grow our customer base, to further raise our
visibility and to take us to the next level in New Mexico." Michelle
shared, "I am excited about this opportunity and believe that Washington
Federal is well positioned in New Mexico to help business owners and
homeowners achieve their goals."

Washington Federal is a national bank that operates 237 branches in
Washington, Oregon, Idaho, Utah, Arizona, Texas, Nevada and New Mexico.
It has been publicly traded since 1982 and is in its 139th
consecutive quarter of paying dividends. The bank provides consumer and
commercial deposit accounts, financing for small to middle market
businesses, commercial real estate and residential real estate,
including consumer mortgages, home equity lines of credit and insurance
products through a subsidiary. As of September 30, 2017, the Company
reports $15.3 billion in assets, $10.8 billion in deposits and $2
billion in stockholders' equity.

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