Banks in Washington

6 FDIC-insured banks headquartered in Washington, ranked by total assets.

Washington is home to 6 FDIC-insured banks holding a combined $69.20B in total assets and approximately $57.07B in deposits (Source: FDIC BankFind). These figures represent banks headquartered in Washington and may not include all branches of out-of-state banks operating in the state.

WaFd Bank is the largest bank headquartered in Washington with $27.27B in total assets, indicating moderate market concentration among the largest institutions (Source: FDIC BankFind). The mix of national banks, regional institutions, and community banks in Washington provides consumers with a range of options based on their banking preferences.

Total Banks

Combined Assets

$69.20B

Avg ROA

1.06%

Largest banks in Washington

WaFd Bank

WaFd Bank is the largest bank headquartered in Washington with $27.27B in total assets and 211 branches (Source: FDIC BankFind).

Banner Bank

Banner Bank is a major bank headquartered in Washington with $16.35B in total assets and 145 branches (Source: FDIC BankFind).

Washington Trust Bank

Washington Trust Bank is a major bank headquartered in Washington with $10.68B in total assets and 45 branches (Source: FDIC BankFind).

Heritage Bank

Heritage Bank is a major bank headquartered in Washington with $6.96B in total assets and 50 branches (Source: FDIC BankFind).

Coastal Community Bank

Coastal Community Bank is a major bank headquartered in Washington with $4.74B in total assets and 14 branches (Source: FDIC BankFind).

Banks headquartered in Washington

#	Bank	Total Assets	Deposits	ROA	Branches
1	WaFd BankSeattle	$27.27B	$21.51B	0.91%	211
2	Banner BankWalla Walla	$16.35B	$13.81B	1.24%	145
3	Washington Trust BankSpokane	$10.68B	$8.95B	0.89%	45
4	Heritage BankOlympia	$6.96B	$5.93B	1.07%	50
5	Coastal Community BankEverett	$4.74B	$4.19B	1.11%	14
6	1st Security Bank of WashingtonMountlake Terrace	$3.20B	$2.69B	1.14%	23

Source: FDIC BankFind, most recent quarterly data. Only includes banks headquartered in Washington. Data last updated: April 2, 2026.

Credit unions in Washington

10 credit unions headquartered in Washington, ranked by total assets. Credit unions are member-owned cooperatives insured by the NCUA.

#	Credit Union	Total Assets	Members	ROA	Branches
1	BOEING EMPLOYEESTUKWILA	$29.36B	1,558,284	0.59%	N/A
2	GESARICHLAND	$6.52B	315,416	0.67%	N/A
3	SPOKANE TEACHERSLIBERTY LAKE	$6.32B	307,622	0.41%	N/A
4	WASHINGTON STATE EMPLOYEESOLYMPIA	$5.09B	317,039	0.45%	N/A
5	PEAKOLYMPIA	$4.33B	266,655	0.26%	N/A

Showing top 5 of 10 credit unions in Washington. View all credit unions

Source: NCUA Quarterly Call Report Data. Only includes credit unions headquartered in Washington.

How to choose a bank in Washington

When choosing a bank in Washington, consider what matters most for your financial needs. Washington has 6 FDIC-insured banks headquartered in the state, plus additional out-of-state banks with local branches. Each institution offers different strengths in terms of branch access, product variety, and community focus.

Consider whether branch access matters to you. If you prefer in-person banking, look for institutions with branches near your home or workplace. If you primarily use mobile and online banking, you may want to prioritize digital features and compare interest rates, as online-focused banks often offer higher savings APYs.

All banks listed on this page are FDIC-insured, meaning deposits are protected up to $250,000 per depositor, per insured bank, for each account ownership category (Source: FDIC). Beyond FDIC insurance, compare factors such as monthly maintenance fees, ATM networks, minimum balance requirements, and customer service availability. The CFPB recommends comparing at least three institutions before opening a new account.

Compare banks side by side Savings calculators Our methodology

Data Sources

FDIC BankFind: Financial data including total assets, deposits, net income, ROA, and ROE for all FDIC-insured institutions. https://banks.data.fdic.gov/

CFPB Consumer Complaint Database: Consumer complaint data by institution, including complaint volumes, response rates, and top issue categories. https://www.consumerfinance.gov/data-research/consumer-complaints/

Federal Reserve Economic Data (FRED): Interest rate benchmarks including the Federal Funds Rate, Treasury yields, and national savings rate averages. https://fred.stlouisfed.org/

BankRanked is not a bank, credit union, or financial advisor. This content is for educational purposes only and does not constitute financial advice. All data is sourced from publicly available government databases (FDIC, NCUA, CFPB, FRED). Consult a licensed financial professional before making banking decisions.