Market Overview

Washington Federal Promotes Bryan Lutz as Its New Northern Washington Regional President

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Washington Federal, Inc. (NASDAQ:WAFD) today announced that effective
February 2, 2018, Bryan Lutz will lead its Northern Washington Region as
Senior Vice President and Regional President. Tom Kenney, its current
Northern Washington Regional President, is retiring effective February
2, 2018, after serving in this capacity over the last eight years. Bryan
is well known to many of Washington Federal clients as he has been
serving as one of the bank's division managers since 2012.

Washington Federal President & CEO, Brent Beardall, said, "We are
pleased to see Bryan step up to this well-deserved leadership role. Our
Washington roots go all the way back to 1917 with our original branch in
Ballard, Washington. Over the decades, via both organic growth and
acquisition, Washington Federal's presence north of Seattle has grown
steadily. Today, the Northern Washington Region is one of our top
performers, with forty-four retail offices, $1.2 billion in deposits,
and $1.35 billion in loans. I am confident Bryan is the right leader to
continue to grow our customer base, raise our visibility and take us to
the next level.

Lutz shared, "I am honored and excited about this opportunity and
believe that Washington Federal is well positioned in Northern
Washington to help clients achieve their goals and our communities to
flourish."

Effective February 2, 2018, Bob Peters, Washington Federal's Executive
Vice President and Group Manager of Commercial Banking will lead the
commercial banking teams in Bellingham. Peters has more than thirty
years of commercial banking experience in the Puget Sound area and is
familiar with many of the bank's commercial clients and prospective
clients. Both Grace Peschek, Vice President and Division Manager, and
Jonathan Ensch, Vice President and Senior Relationship Manager, as well
as the other commercial bankers based in Bellingham, will be reporting
to Peters.

Prior to joining Washington Federal in 2008, Lutz held mortgage
leadership positions with several financial institutions in the
Northwest and Midwest. In 2010, Bryan assumed leadership of Washington
Federal's Tucson, Arizona Retail Banking Division as Vice President and
Division Manager. After two very successful years in Tucson, Lutz
returned to Western Washington to assume the role of Senior Vice
President and Manager of Washington Federal's Mid-Sound Retail Banking
Division. Under his leadership, the division was consistently one of the
top producing divisions of the bank.

Washington Federal is a national bank that operates 237 branches in
Washington, Oregon, Idaho, Utah, Arizona, Texas, Nevada and New Mexico.
Publicly traded since 1982, the bank recently marked its 139th
consecutive quarter of paying dividends. Washington Federal 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
reported $15.3 billion in assets, $10.8 billion in deposits and $2
billion in stockholders' equity.

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