Washington Federal in Seattle has promoted Brent Beardall to president.
Beardall, who has been with Washington Federal since 2001, was named president of the $14.8 billion-asset company and its primary banking unit and retains his job as chief banking officer.
Beardall inherited the president's title from Roy Whitehead, who remains chairman and chief executive. Whitehead had been president since 1999.
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Seattle, with great demographics and low unemployment, is an attractive market, but M&A is constrained by a dearth of locally owned banks.
May 13 -
Washington Federal in Seattle said its profit rose 3.4% to $41.7 million in the three months that ended March 31 as loan growth outweighed higher information technology costs.
April 14 -
Washington Federal in Seattle said higher technology expenses related to a system conversion contributed to a lower profit in its 2016 fiscal first quarter.
January 19
"Brent has been an indispensable part of our executive team for many years," Whitehead said in a news release Tuesday.
Beardall is the company's sixth president in 99 years.
He joined Washington Federal as controller in 2001 and served as chief financial officer from 2013-2014 before being named chief banking officer to, as the release said, "broaden his executive experience."
Washington Federal operates 243 branches in Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas and New Mexico.
