# WaFd, Inc. competitors: and the alternatives

Source: https://www.bankingnewsai.com/banks/wafd/competitors
Last updated: Oct 19, 2026

*Part of the [WaFd, Inc. AI strategy profile](https://www.bankingnewsai.com/banks/wafd). Peer group: Columbia Banking System, Banner Corporation, Zions Bancorporation, Western Alliance Bancorporation, First Interstate BancSystem, Glacier Bancorp, Banc of California.*

## Who are WaFd, Inc.'s competitors, and what are the alternatives?

WaFd's fiscal 2025 10-K, filed November 18, 2025, says its competitors include other banks, savings associations, community banks, credit unions, fintech companies and new market participants. Its risk factors single out national banks whose 'greater resources' let them run more locations and launch new technologies. With 208 branches across nine Western states, it is a mid-sized player everywhere. FDIC data for June 30, 2025 rank it seventh in Washington with $8.7 billion of deposits in 74 offices. Bank of America ($42.2 billion), JPMorgan Chase ($30.6 billion), U.S. Bank ($22.6 billion), Wells Fargo ($20.9 billion), Umpqua ($15.8 billion) and KeyBank ($11.2 billion) are ahead of it. Banner is just behind with $7.3 billion. In Oregon it ranks eighth, after U.S. Bank, Umpqua and the national banks. In Idaho Glacier and Zions are larger, in Arizona Western Alliance holds $45.9 billion against WaFd's $1.7 billion, and in New Mexico WaFd ranks sixth. Its 10-K calls California, entered through Luther Burbank in 2024, 'highly competitive'. The rival set is about to change. On September 7, 2026 WaFd agreed a reverse merger with EverBank that would create a bank of about $75 billion. Among non-banks, Chime had 10.4 million active members in June 2026, and Block lists banks among the competitors of Square and Cash App. ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22NM%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000114036126035826/ef20081702_ex99-1.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results), [Block, Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1512673/000162828026012254/xyz-20251231.htm))

## What does WaFd Bank say about its competition?

"We operate in a highly competitive environment. Our competitors include other banks, savings associations, community banks, credit unions, fintech companies and other financial intermediaries, and new market participants offering services similar to those that we offer. We compete with some competitors within our geographic market area, and with others on a product specific basis. Our ability to compete effectively depends on our ability to provide first-rate, friendly and professional customer service and deliver the banking solutions that our customers want and need." ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm))

From the risk factors: "In particular, our competitors include national banks and major financial companies whose greater resources may afford them a marketplace advantage by enabling them to maintain numerous banking locations, launch new technologies and mount extensive promotional and advertising campaigns. The effective use of technology increases efficiency and enables financial institutions to better serve customers and to reduce costs. Many of our competitors have substantially greater resources to invest in technological improvements than we do." ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm))

On California: "The banking and financial services business in California is highly competitive and we compete for loans, deposits and customers for financial services with other commercial banks, savings and loan associations, securities and brokerage companies, mortgage companies, insurance companies, finance companies, money market funds, credit unions, fintechs, and other nonbank financial service providers. Many of these competitors are much larger in total assets and capitalization, have greater access to capital markets and offer a broader array of financial services than the Company." ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm))

On branches: "Advances in technology, as well as changing customer preferences for accessing our products and services, are requiring us to change our retail distribution strategy. As a result of the current market environment and customer behavior, we have undertaken a branch optimization strategy that has led to the closure, consolidation or sale of certain branches in our network." (Fiscal 2025 Form 10-K, filed November 18, 2025.) ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm))

## Who competes with WaFd Bank in each of its businesses?

| Business line | Competitor | Type | Why it competes |
| --- | --- | --- | --- |
| Home region: the Pacific Northwest and Mountain West | [Columbia Banking System (Umpqua Bank)](https://www.bankingnewsai.com/banks/columbia) | Bank | Umpqua Bank was fifth in Washington ($15.8 billion) and second in Oregon ($16.8 billion) by deposits at June 30, 2025, well ahead of WaFd's $8.7 billion and $2.9 billion. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Home region: the Pacific Northwest and Mountain West | [Banner Bank](https://www.bankingnewsai.com/banks/banner) | Bank | Eighth in Washington by deposits at June 30, 2025, with $7.3 billion in 67 offices, just behind WaFd, and seventh in Oregon, one place ahead; it completed its Pacific Financial acquisition in September 2026. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [Banner Corporation (SEC filings)](https://www.sec.gov/Archives/edgar/data/946673/000094667326000184/banrclosingpressrelease9-1.htm)) |
| Home region: the Pacific Northwest and Mountain West | [U.S. Bank](https://www.bankingnewsai.com/banks/us-bancorp) | Bank | Third in Washington ($22.6 billion) and first in Oregon ($21.8 billion) and Idaho ($6.7 billion) by deposits at June 30, 2025. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Home region: the Pacific Northwest and Mountain West | [KeyBank](https://www.bankingnewsai.com/banks/keybank) | Bank | Sixth in Washington by deposits, with $11.2 billion in 139 offices at June 30, 2025, and sixth in Oregon. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Home region: the Pacific Northwest and Mountain West | [Western Alliance Bancorporation](https://www.bankingnewsai.com/banks/western-alliance) | Bank | Second in Arizona by deposits at June 30, 2025, with $45.9 billion in nine offices, against WaFd's $1.7 billion in 28. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Home region: the Pacific Northwest and Mountain West | [Zions Bancorporation](https://www.bankingnewsai.com/banks/zions) | Bank | Fifth in Arizona ($6.8 billion) and in Idaho ($2.6 billion) by deposits at June 30, 2025, ahead of WaFd in both; WaFd ranks 14th in each. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Home region: the Pacific Northwest and Mountain West | [Glacier Bancorp](https://www.bankingnewsai.com/banks/glacier) | Bank | Third in Idaho by deposits at June 30, 2025, with $3.2 billion in 37 offices, after buying Bank of Idaho in 2025. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [American Banker](https://americanbanker.com/news/glacier-in-montana-takes-prolific-acquisition-strategy-to-idaho)) |
| Home region: the Pacific Northwest and Mountain West | [First Interstate Bank](https://www.bankingnewsai.com/banks/first-interstate) | Bank | Ninth in Oregon ($2.5 billion) and ninth in Idaho ($1.6 billion) by deposits at June 30, 2025, close to WaFd in both states. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Retail deposits, checking and everyday digital banking | [Bank of America](https://www.bankingnewsai.com/banks/bank-of-america) | Bank | First in Washington by deposits at June 30, 2025, with $42.2 billion, nearly five times WaFd's; one of the national banks WaFd's 10-K says have greater resources for technology. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm)) |
| Retail deposits, checking and everyday digital banking | [JPMorgan Chase](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Bank | Second in Washington ($30.6 billion) and first in Arizona ($49.1 billion) by deposits at June 30, 2025; 74.6 million active digital customers in 2025. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm)) |
| Retail deposits, checking and everyday digital banking | [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | Bank | Fourth in Washington ($20.9 billion) and first in New Mexico ($9.0 billion) by deposits at June 30, 2025, where WaFd ranks sixth. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22NM%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Retail deposits, checking and everyday digital banking | [Chime](https://www.bankingnewsai.com/fintech/chime) | Fintech | A fintech of the kind WaFd's 10-K says offers 'the same types of loan and deposit services'; Chime's 10-K claims a cost advantage over traditional banks, and it had 10.4 million active members at June 30, 2026. ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm), [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results)) |
| Retail deposits, checking and everyday digital banking | [Cash App (Block)](https://www.bankingnewsai.com/fintech/block) | Fintech | Block's 2025 10-K lists banks among Cash App's competitors in peer-to-peer payments and debit cards; Cash App had 59 million monthly transacting actives in December 2025. ([Block, Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1512673/000162828026012254/xyz-20251231.htm)) |
| Commercial and business banking | [Western Alliance Bancorporation](https://www.bankingnewsai.com/banks/western-alliance) | Bank | A Phoenix-based commercial bank with more than $90 billion of assets and national specialty lines such as innovation banking (a $5 billion portfolio with 1,800+ clients, May 2026). ([Business Wire via FT Markets](https://markets.ft.com/data/announce/detail?dockey=600-202607240855BIZWIRE_USPRX____20260724_BW077921-1), [Western Alliance Bancorporation (SEC filings)](https://www.sec.gov/Archives/edgar/data/1212545/000162828026033850/wal_investordayx2026xfin.htm)) |
| Commercial and business banking | [Banner Bank](https://www.bankingnewsai.com/banks/banner) | Bank | Its new loan origination system lifted commercial originations 85% in the second quarter of 2026 from the first, in markets that overlap WaFd's in Washington and Oregon. ([Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-banner-misses-q2-2026-estimates-as-shares-slip-93CH-4809573), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Commercial and business banking | [Columbia Banking System](https://www.bankingnewsai.com/banks/columbia) | Bank | A $66.0 billion bank whose loan originations rose 38% year on year in the first quarter of 2026; the largest regional bank in WaFd's Washington and Oregon markets by deposits. ([PR Newswire via FT Markets](https://markets-data-api-proxy.ft.com/data/announce/full?dockey=600-202604231601PR_NEWS_USPRX____SF41688-1), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Commercial and business banking | [Zions Bancorporation](https://www.bankingnewsai.com/banks/zions) | Bank | Chose nCino for commercial and small-business origination in April 2025, the vendor whose AI agent WaFd is piloting; Zions holds more deposits than WaFd in Arizona and Idaho. ([nCino (GlobeNewswire)](https://investor.ncino.com/news-releases/news-release-details/zions-bancorporation-implement-ncino-platform-and-intelligent), [nCino](https://ncino.com/blog/commercial-relationship-reviews-two-days-agentic-ai), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Small business banking and payments | [Bank of America](https://www.bankingnewsai.com/banks/bank-of-america) | Bank | Calls itself the number one small business lender in the US, citing FDIC data, serving 4 million small businesses; WaFd added Fiserv's CashFlow Central payables and receivables tool for small businesses in 2024. ([Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/company-overview/bank-of-america-fast-facts.html), [Fiserv](https://investors.fiserv.com/news-events/press-releases/detail/62/wafd-bank-to-streamline-payments-for-small-businesses-with-cashflow-central-from-fiserv)) |
| Small business banking and payments | [Square (Block)](https://www.bankingnewsai.com/fintech/block) | Payments company | Block's 10-K lists 'banks that provide payment processing, checking, savings, loans, and payroll' among Square's competitors. ([Block, Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1512673/000162828026012254/xyz-20251231.htm)) |

## How do the AI and digital offerings of WaFd Bank's competitors compare?

WaFd Bank first, then each competitor. Use-case counts, index scores and latest moves are computed from our profiles of each company; "No profile" means this site has no page on it yet.

| Company | AI or digital offering | On the record (our profiles) | Latest dated AI move |
| --- | --- | --- | --- |
| [WaFd, Inc. (this page)](https://www.bankingnewsai.com/banks/wafd) | Build 2030 digital focus: next-generation mobile app and planned AI call-centre agent ([WaFd, Inc.](https://wafdbank.com/documents/financial-news/2026/wafd-bank-investor-presentation-20260727.pdf), [StockStory (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/wafd-q1-deep-dive-loan-200826038.html), [The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/wafd-wafd-q2-2026-earnings-161443166.html), [Amazon Web Services](https://aws.amazon.com/solutions/case-studies/archway-software-wafd-bank-case-study/), [nCino](https://ncino.com/en-SEA/blog/nsight-2026-recap)) | [Index 52.3 (#55); 13 use cases, 9 in production](https://www.bankingnewsai.com/banks/wafd) | Q4 FY2026 call: EverBank merger, no AI update (Oct 16, 2026) ([Investing.com (earnings call transcript)](https://investing.com/news/transcripts/earnings-call-transcript-wafd-q4-2026-profit-misses-revenue-beats-93CH-4954491)) |
| [Columbia Banking System (Umpqua Bank)](https://www.bankingnewsai.com/banks/columbia) | AI agents answering seven client messages per human response (September 2026) ([Investing.com](https://www.investing.com/news/transcripts/columbia-banking-system-at-barclays-conference-discipline-drives-gains-93CH-4902099)) | [Index 63.3 (#45); 16 use cases, 15 in production](https://www.bankingnewsai.com/banks/columbia) | Barclays conference: AI answers most client messages (Sep 15, 2026) ([Investing.com](https://www.investing.com/news/transcripts/columbia-banking-system-at-barclays-conference-discipline-drives-gains-93CH-4902099)) |
| [Banner Bank](https://www.bankingnewsai.com/banks/banner) | Banner Virtual Assistant, available 24/7 ([Banner Bank](https://www.bannerbank.com/contact-us/banner-virtual-assistant)) | [Index 36.7 (#80); 12 use cases, 9 in production](https://www.bankingnewsai.com/banks/banner) | Pacific Financial acquisition completed (Sep 1, 2026) ([Banner Corporation (SEC filings)](https://www.sec.gov/Archives/edgar/data/946673/000094667326000184/banrclosingpressrelease9-1.htm)) |
| [U.S. Bank](https://www.bankingnewsai.com/banks/us-bancorp) | In-house tools from the AI Center of Excellence ([U.S. Bank](https://www.usbank.com/about-us-bank/news-and-stories/article-library/us-bank-launches-design-assistant-an-ai-solution-to-empower-designers-at-scale.html), [American Banker](https://www.americanbanker.com/news/u-s-bank-gives-embedded-banking-clients-a-gen-ai-assistant), [U.S. Bank](https://www.usbank.com/about-us-bank/news-and-stories/article-library/ai-powered-statement-analyzer-simplifies-payment-services-for-small-businesses.html), [U.S. Bank](https://www.usbank.com/about-us-bank/news-and-stories/article-library/us-bank-launches-ai-driven-cash-forecasting-tool.html)) | [Index 81.3 (#18); 18 use cases, 16 in production](https://www.bankingnewsai.com/banks/us-bancorp) | Venkatachari: from proving AI to industrializing it (Oct 7, 2026) ([Forbes (Yahoo Finance)](https://finance.yahoo.com/news/u-bank-industrializing-ai-132012524.html)) |
| [KeyBank](https://www.bankingnewsai.com/banks/keybank) | Conversational AI in the contact centre and 'cognitive banking' in the app ([PYMNTS](https://www.pymnts.com/news/artificial-intelligence/2026/keybank-taps-conversational-ai-cut-call-center-costs/), [Banking Dive](https://www.bankingdive.com/news/keybank-digital-banking-regionals-ai-insights-personetics/823541/), [American Banker](https://americanbanker.com/news/how-keybank-is-creating-cognitive-banking-with-ai)) | [Index 80 (#21); 16 use cases, 10 in production](https://www.bankingnewsai.com/banks/keybank) | Gessner ranked No. 3 in American Banker's Most Powerful Women in Banking NEXT (Oct 1, 2026) ([American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-next-3-emily-gessner-keybank)) |
| [Western Alliance Bancorporation](https://www.bankingnewsai.com/banks/western-alliance) | Enterprise AI program: 150,000+ hours saved (May 2026) ([Western Alliance Bancorporation (SEC filings)](https://www.sec.gov/Archives/edgar/data/1212545/000162828026033850/wal_investordayx2026xfin.htm)) | [Index 71.8 (#32); 17 use cases, 16 in production](https://www.bankingnewsai.com/banks/western-alliance) | AI team first used to defend against Mythos (Sep 16, 2026) ([Investing.com](https://www.investing.com/news/transcripts/western-alliance-at-barclays-conference-shift-to-profits-buybacks-93CH-4904090)) |
| [Zions Bancorporation](https://www.bankingnewsai.com/banks/zions) | Gemini-based enterprise AI platform; 56% of staff using generative AI ([American Banker](https://americanbanker.com/news/2025-the-most-powerful-women-to-watch-no-3-jennifer-smith-zions-bancorporation), [American Banker](https://americanbanker.com/news/zions-revamped-tech-leadership-team-eyes-ai-stablecoins)) | [Index 59.6 (#48); 16 use cases, 10 in production](https://www.bankingnewsai.com/banks/zions) | Q2 2026 10-Q lists AI among emerging-technology risks (Aug 6, 2026) ([Zions Bancorporation (SEC filings)](https://www.sec.gov/Archives/edgar/data/109380/000010938026000111/zions-20260630.htm), [Zions Bancorporation (SEC filings)](https://www.sec.gov/Archives/edgar/data/109380/000010938026000083/zions-20260331.htm)) |
| [Glacier Bancorp](https://www.bankingnewsai.com/banks/glacier) | Not disclosed | [Index 2 (#117); 10 use cases, 7 in production](https://www.bankingnewsai.com/banks/glacier) | Glacier Bank invests in the Cari tokenised-deposit network (Sep 2, 2026) ([Cari via Business Wire (Morningstar)](https://morningstar.com/news/business-wire/20260902910423/cari-raises-over-30-million-in-first-tranche-of-initial-funding-round-backed-entirely-by-banks)) |
| [First Interstate Bank](https://www.bankingnewsai.com/banks/first-interstate) | Fiserv agentOS commercial loan-onboarding agent pilot (May 2026) ([Fiserv (GlobeNewswire)](https://www.globenewswire.com/news-release/2026/05/14/3294727/0/en/fiserv-launches-agentos-the-operating-system-for-agentic-ai-in-banking.html)) | [Index 51.3 (#56); 11 use cases, 5 in production](https://www.bankingnewsai.com/banks/first-interstate) | Jeff Lee named chief operations officer (Aug 21, 2026) ([First Interstate BancSystem (SEC filings)](https://www.sec.gov/Archives/edgar/data/860413/000086041326000088/fibk-20260821.htm), [First Interstate BancSystem (SEC filings)](https://www.sec.gov/Archives/edgar/data/860413/000086041326000092/fibk-20260914.htm)) |
| [Bank of America](https://www.bankingnewsai.com/banks/bank-of-america) | Erica virtual assistant: more than 24.6 million clients helped ([Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/company-overview/bank-of-america-fast-facts.html)) | [Index 97.3 (#1); 18 use cases, 16 in production](https://www.bankingnewsai.com/banks/bank-of-america) | Treasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties (Oct 13, 2026) ([U.S. Department of the Treasury](https://home.treasury.gov/news/press-releases/sb0657), [Office of the Comptroller of the Currency](https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-89.html), [Banking Dive](https://bankingdive.com/news/bofa-fined-1-21-billion-over-aml-bsa-occ-treasury/832915)) |
| [JPMorgan Chase](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Smart Cash AI cash tool in a targeted pilot (October 2026) ([Banking Dive](https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870)) | [Index 89 (#6); 15 use cases, 8 in production](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Q3 2026 call: outside AI agents stay blocked; AI spend put near $700 million (Oct 13, 2026) ([CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html), [Banking Dive](https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870), [American Banker](https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents)) |
| [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | Fargo virtual assistant: more than 1 billion interactions (March 2026) ([Wells Fargo (Business Wire)](https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones)) | [Index 88.8 (#7); 16 use cases, 13 in production](https://www.bankingnewsai.com/banks/wells-fargo) | Q3 2026 call: AI agents in code, marketing, cyber, underwriting (Oct 13, 2026) ([PYMNTS](https://pymnts.com/earnings/2026/wells-fargo-enhances-banking-capabilities-using-ai-and-digital-assets), [Wells Fargo](https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/third-quarter-2026-earnings.pdf)) |
| [Chime](https://www.bankingnewsai.com/fintech/chime) | Jade, an in-app AI financial partner available to some members ([Chime](https://help.chime.com/manage-money-56350c4d/jade-financial-partner-09a6e8e3/what-is-jade-financial-partner-d9c77341)) | [8 use cases, 6 in production](https://www.bankingnewsai.com/fintech/chime) | Agreement to acquire Stride Bank (Sep 8, 2026) ([Chime](https://investors.chime.com/news-releases/news-release-details/chime-announces-agreement-acquire-stride-bank)) |
| [Cash App (Block)](https://www.bankingnewsai.com/fintech/block) | Moneybot consumer agent: over 1 million weekly engaged accounts (June 30, 2026) ([Block, Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1512673/000119312526335117/d91486dex991.htm)) | [7 use cases, 6 in production](https://www.bankingnewsai.com/fintech/block) | Q2 2026: Moneybot passes 1 million weekly engaged accounts (Aug 5, 2026) ([Block, Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1512673/000119312526335117/d91486dex991.htm)) |
| [Columbia Banking System](https://www.bankingnewsai.com/banks/columbia) | AI next-best-offer 'Smart Leads' with about a 50% close rate (July 2025) ([earnings call transcript (The Motley Fool)](https://fool.com/earnings/call-transcripts/2025/08/05/columbia-bank-colb-earnings-call-transcript)) | [Index 63.3 (#45); 16 use cases, 15 in production](https://www.bankingnewsai.com/banks/columbia) | Barclays conference: AI answers most client messages (Sep 15, 2026) ([Investing.com](https://www.investing.com/news/transcripts/columbia-banking-system-at-barclays-conference-discipline-drives-gains-93CH-4902099)) |
| [Square (Block)](https://www.bankingnewsai.com/fintech/block) | Managerbot, an AI business agent for Square sellers ([Square](https://squareup.com/us/en/press/managerbot-open-beta)) | [7 use cases, 6 in production](https://www.bankingnewsai.com/fintech/block) | Q2 2026: Moneybot passes 1 million weekly engaged accounts (Aug 5, 2026) ([Block, Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1512673/000119312526335117/d91486dex991.htm)) |

## Who should look beyond WaFd Bank, and where?

| If you are | Look at | Why |
| --- | --- | --- |
| People who need branches outside WaFd's nine Western states | [JPMorgan Chase or Bank of America](https://www.bankingnewsai.com/banks/jpmorgan-chase) | WaFd's 208 branches are in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, California and Texas. Chase reported 5,083 branches in 2025, and Bank of America runs 3,500 financial centers. ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm), [JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/company-overview/bank-of-america-fast-facts.html)) |
| Customers who want a widely used AI assistant in the app | [Bank of America (Erica) or Wells Fargo (Fargo)](https://www.bankingnewsai.com/banks/bank-of-america) | WaFd's bots handle balances and transfers, and its announced AI call-center agent had no reported launch by October 2026. Erica helps more than 24.6 million clients, and Fargo passed 1 billion interactions in March 2026. ([Amazon Web Services](https://aws.amazon.com/blogs/machine-learning/create-powerful-self-service-experiences-with-amazon-lex-on-talkdesk-cx-cloud-contact-center/), [Investing.com (earnings call transcript)](https://investing.com/news/transcripts/earnings-call-transcript-wafd-posts-q3-2026-revenue-beat-eps-misses-slightly-93CH-4798729), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/company-overview/bank-of-america-fast-facts.html), [Wells Fargo (Business Wire)](https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones)) |
| Arizona businesses that want a bank with a large local deposit base | [Western Alliance or Zions](https://www.bankingnewsai.com/banks/western-alliance) | WaFd ranks 14th in Arizona by deposits, with $1.7 billion (June 30, 2025). Western Alliance holds $45.9 billion there and Zions $6.8 billion. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Customers who want a branchless, app-only checking account | [Chime](https://www.bankingnewsai.com/fintech/chime) | WaFd is a branch-based bank. Chime's model avoids branches and ATMs, it had 10.4 million active members at June 30, 2026, and some members can use Jade, its AI financial partner. ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm), [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results), [Chime](https://help.chime.com/manage-money-56350c4d/jade-financial-partner-09a6e8e3/what-is-jade-financial-partner-d9c77341)) |
| Wealth clients who want a large established wealth platform | [Zions or Columbia, or a national firm](https://www.bankingnewsai.com/banks/zions) | WaFd Wealth managed just under $450 million in April 2026 and targets $1 billion within two years; its AI-assisted planning tool was still being built in October 2025. ([The Motley Fool (earnings call transcript)](https://fool.com/earnings/call-transcripts/2026/04/17/wafd-wafd-q2-2026-earnings-call-transcript), [WealthManagement.com](https://wealthmanagement.com/ria-news/what-wafd-bank-is-building-with-its-new-wealth-business)) |

## Where does WaFd rank by deposits in its main states, and who is bigger?

FDIC Summary of Deposits data as of June 30, 2025: deposits booked in each bank's offices in the state, summed by institution, national banks included. Figures are rounded.

| State | WaFd deposits (offices) | WaFd rank | Larger banks in the state |
| --- | --- | --- | --- |
| Washington | $8.7 billion (74) | 7th of 66 | Bank of America $42.2 billion, JPMorgan Chase $30.6 billion, U.S. Bank $22.6 billion, Wells Fargo $20.9 billion, Umpqua $15.8 billion, KeyBank $11.2 billion ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Oregon | $2.9 billion (36) | 8th of 37 | U.S. Bank $21.8 billion, Umpqua $16.8 billion, Bank of America $14.5 billion, Wells Fargo $12.5 billion, JPMorgan Chase $11.5 billion, KeyBank $6.0 billion, Banner $3.0 billion ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| New Mexico | $1.7 billion (18) | 6th of 55 | Wells Fargo $9.0 billion, Bank of America $5.6 billion, UMB $2.5 billion, BOKF $2.4 billion, U.S. Bank $2.4 billion ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22NM%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Arizona | $1.7 billion (28) | 14th of 62 | JPMorgan Chase $49.1 billion, Western Alliance $45.9 billion, Wells Fargo $38.9 billion, Bank of America $33.0 billion, Zions $6.8 billion and others ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |
| Idaho | $1.0 billion (21) | 14th of 31 | U.S. Bank $6.7 billion, Wells Fargo $6.5 billion, Glacier $3.2 billion, D. L. Evans $2.8 billion, Zions $2.6 billion and others ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json)) |

## How does the EverBank merger change WaFd's competitive position?

On September 7, 2026 WaFd agreed a $3.9 billion all-stock reverse merger with EverBank Financial Corp. WaFd, Inc. is to be renamed EverBank Financial Corp, WaFd Bank is to merge into EverBank, N.A., and EverBank's Greg Seibly is to be CEO, with Brent Beardall as president. The combined bank would hold about $75 billion of assets, and closing is expected in the first quarter of 2027. ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000114036126035826/ef20081702_ex99-1.htm), [WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000114036126035826/ef20081702_ex99-2.htm))

That would put the combined bank above Columbia's $66.0 billion of assets and into the size range of Zions and Western Alliance, the two Western banks that disclose the most about AI in WaFd's group. The merger deck says 27 integration workstreams have launched and that decisions on the core, accounting and HR systems have advanced. Those systems, not AI, will dominate technology spending until the conversion is done. ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000114036126035826/ef20081702_ex99-2.htm), [PR Newswire via FT Markets](https://markets-data-api-proxy.ft.com/data/announce/full?dockey=600-202604231601PR_NEWS_USPRX____SF41688-1))

## Common questions

### Who are WaFd Bank's biggest competitors?

In Washington, Bank of America, JPMorgan Chase, U.S. Bank, Wells Fargo, Umpqua (Columbia) and KeyBank all hold more deposits than WaFd, and Banner is just behind (FDIC, June 30, 2025). In Oregon, U.S. Bank and Umpqua lead; in Arizona, Chase and Western Alliance; in Idaho, U.S. Bank, Wells Fargo, Glacier and Zions. Its 10-K adds fintechs and credit unions. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm))

### Is Columbia Bank (Umpqua) a competitor of WaFd?

Yes, the most direct regional one. Umpqua Bank held $15.8 billion of Washington deposits and $16.8 billion in Oregon at June 30, 2025, against WaFd's $8.7 billion and $2.9 billion. Columbia says its AI agents answer seven client messages for every human response; WaFd's announced AI call-center agent had no reported launch by October 2026. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [Investing.com](https://www.investing.com/news/transcripts/columbia-banking-system-at-barclays-conference-discipline-drives-gains-93CH-4902099), [Investing.com (earnings call transcript)](https://investing.com/news/transcripts/earnings-call-transcript-wafd-posts-q3-2026-revenue-beat-eps-misses-slightly-93CH-4798729))

### Is Chime a competitor of WaFd?

In deposits, yes by category: WaFd's 10-K says fintech companies offer the same types of loan and deposit services it does, and Chime's 10-K says its digital-first model gives it a cost advantage over traditional banks. Chime had 10.4 million active members at June 30, 2026. Neither company names the other. ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm), [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results))

### Who competes with WaFd in Arizona?

JPMorgan Chase ($49.1 billion of Arizona deposits), Western Alliance ($45.9 billion), Wells Fargo ($38.9 billion), Bank of America ($33.0 billion) and Zions ($6.8 billion) all hold far more than WaFd's $1.7 billion, which ranks 14th (FDIC, June 30, 2025). ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json))

### What are alternatives to WaFd for small business banking?

Bank of America calls itself the number one US small business lender, citing FDIC data, with 4 million small-business clients, and Square sells payments, point-of-sale software and banking to sellers. WaFd offers Fiserv's CashFlow Central payables and receivables tool, built with Melio, inside its digital banking. ([Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/company-overview/bank-of-america-fast-facts.html), [Block, Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1512673/000162828026012254/xyz-20251231.htm), [Fiserv](https://investors.fiserv.com/news-events/press-releases/detail/62/wafd-bank-to-streamline-payments-for-small-businesses-with-cashflow-central-from-fiserv))

### Does WaFd compete in California and Texas?

Yes, on a small scale. WaFd entered California through the Luther Burbank merger in March 2024, adding ten branches, and its 10-K calls the state 'highly competitive', with many larger rivals. It also has branches in Texas, where FDIC data put its deposits at about $0.5 billion in five offices at June 30, 2025. ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22TX%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json))

### WaFd vs Banner Bank: how do they compare?

They are close rivals in Washington, with $8.7 billion of deposits for WaFd and $7.3 billion for Banner at June 30, 2025, and in Oregon, where Banner ranks seventh and WaFd eighth. Banner completed its Pacific Financial acquisition in September 2026; WaFd agreed its EverBank merger the same month. On AI, WaFd scores 52.3 on this site's disclosure index and Banner 36.7. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [Banner Corporation (SEC filings)](https://www.sec.gov/Archives/edgar/data/946673/000094667326000184/banrclosingpressrelease9-1.htm), [WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000114036126035826/ef20081702_ex99-1.htm))

### Who competes with WaFd in Oregon?

U.S. Bank ($21.8 billion of Oregon deposits), Umpqua ($16.8 billion), Bank of America, Wells Fargo, JPMorgan Chase, KeyBank and Banner ($3.0 billion) all hold more than WaFd's $2.9 billion, which ranks eighth; First Interstate is ninth with $2.5 billion (FDIC, June 30, 2025). ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json))

### What does WaFd's 10-K say about competition and technology?

It says many competitors, including fintech companies, offer the same loan and deposit services, and that national banks' greater resources let them maintain more locations and launch new technologies. It adds that many competitors have 'substantially greater resources to invest in technological improvements' and that changing customer preferences led WaFd to close, consolidate or sell some branches. ([WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm))

### Is Western Alliance a competitor of WaFd?

Yes, mainly in Arizona and in commercial banking. Western Alliance held $45.9 billion of Arizona deposits at June 30, 2025, second in the state, against WaFd's $1.7 billion, and it runs national commercial lines such as innovation banking. It also discloses far more about AI: 150,000+ employee hours saved and $10 million+ of productivity value (May 2026). ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [Western Alliance Bancorporation (SEC filings)](https://www.sec.gov/Archives/edgar/data/1212545/000162828026033850/wal_investordayx2026xfin.htm))

### Is U.S. Bank a competitor of WaFd?

Yes, across the Northwest. U.S. Bank was first in Oregon and Idaho and third in Washington by deposits at June 30, 2025, with $21.8 billion, $6.7 billion and $22.6 billion respectively, against WaFd's $2.9 billion, $1.0 billion and $8.7 billion. It is one of the national banks WaFd's 10-K says have more resources for locations and technology. ([FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [FDIC](https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json), [WaFd, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm))

## Peers on this site

- [Columbia Banking System AI strategy](https://www.bankingnewsai.com/banks/columbia) · [vs peers](https://www.bankingnewsai.com/banks/columbia/vs-peers)
- [Banner Corporation AI strategy](https://www.bankingnewsai.com/banks/banner) · [vs peers](https://www.bankingnewsai.com/banks/banner/vs-peers)
- [Zions Bancorporation AI strategy](https://www.bankingnewsai.com/banks/zions) · [vs peers](https://www.bankingnewsai.com/banks/zions/vs-peers)
- [Western Alliance Bancorporation AI strategy](https://www.bankingnewsai.com/banks/western-alliance) · [vs peers](https://www.bankingnewsai.com/banks/western-alliance/vs-peers)
- [First Interstate BancSystem AI strategy](https://www.bankingnewsai.com/banks/first-interstate) · [vs peers](https://www.bankingnewsai.com/banks/first-interstate/vs-peers)
- [Glacier Bancorp AI strategy](https://www.bankingnewsai.com/banks/glacier) · [vs peers](https://www.bankingnewsai.com/banks/glacier/vs-peers)
- [Banc of California AI strategy](https://www.bankingnewsai.com/banks/banc-of-california) · [vs peers](https://www.bankingnewsai.com/banks/banc-of-california/vs-peers)

## Sources

1. WaFd, Inc. Annual Report on Form 10-K for the fiscal year ended September 30, 2025 — WaFd, Inc. (SEC filings), Nov 18, 2025. https://www.sec.gov/Archives/edgar/data/936528/000093652825000117/wfsl-20250930.htm
2. FDIC Summary of Deposits, Washington branches, deposits aggregated by institution (June 30, 2025) — FDIC, Jun 30, 2025. https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22WA%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json
3. FDIC Summary of Deposits, Oregon branches, deposits aggregated by institution (June 30, 2025) — FDIC, Jun 30, 2025. https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22OR%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json
4. FDIC Summary of Deposits, Idaho branches, deposits aggregated by institution (June 30, 2025) — FDIC, Jun 30, 2025. https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22ID%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json
5. FDIC Summary of Deposits, Arizona branches, deposits aggregated by institution (June 30, 2025) — FDIC, Jun 30, 2025. https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22AZ%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json
6. FDIC Summary of Deposits, New Mexico branches, deposits aggregated by institution (June 30, 2025) — FDIC, Jun 30, 2025. https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22NM%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json
7. WaFd, Inc. Enters into a $3.9 Billion Reverse Merger Transaction with EverBank Financial Corp (Form 8-K, Exhibit 99.1) — WaFd, Inc. (SEC filings), Sep 7, 2026. https://www.sec.gov/Archives/edgar/data/936528/000114036126035826/ef20081702_ex99-1.htm
8. Chime Reports Second Quarter 2026 Financial Results — Chime, Aug 5, 2026. https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results
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11. Glacier in Montana takes prolific acquisition strategy to Idaho — American Banker, Jan 14, 2025. https://americanbanker.com/news/glacier-in-montana-takes-prolific-acquisition-strategy-to-idaho
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13. Chime Financial, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2025 — Chime via SEC EDGAR, Mar 6, 2026. https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm
14. Western Alliance Bank Launches WA VenueX — Always-On Institutional Liquidity Hub and Financial Platform for the On-Chain Economy — Business Wire via FT Markets, Jul 24, 2026. https://markets.ft.com/data/announce/detail?dockey=600-202607240855BIZWIRE_USPRX____20260724_BW077921-1
15. Western Alliance Bancorporation Investor Day 2026 presentation (Form 8-K, Exhibit 99.1) — Western Alliance Bancorporation (SEC filings), May 12, 2026. https://www.sec.gov/Archives/edgar/data/1212545/000162828026033850/wal_investordayx2026xfin.htm
16. Earnings call transcript: Banner misses Q2 2026 estimates as shares slip — Investing.com, Jul 23, 2026. https://investing.com/news/transcripts/earnings-call-transcript-banner-misses-q2-2026-estimates-as-shares-slip-93CH-4809573
17. Columbia Banking System, Inc. Reports First Quarter 2026 Results — PR Newswire via FT Markets, Apr 23, 2026. https://markets-data-api-proxy.ft.com/data/announce/full?dockey=600-202604231601PR_NEWS_USPRX____SF41688-1
18. Zions Bancorporation to Implement nCino Platform and Intelligent Solutions as the Technology Foundation of its Lending End-to-End Process Transformation — nCino (GlobeNewswire), Apr 15, 2025. https://investor.ncino.com/news-releases/news-release-details/zions-bancorporation-implement-ncino-platform-and-intelligent
19. How AI in Commercial Lending Cuts the Two-Day Review — nCino, Sep 10, 2026. https://ncino.com/blog/commercial-relationship-reviews-two-days-agentic-ai
20. Bank of America Fast Facts (undated page, retrieved 2026-10-19) — Bank of America Newsroom, Oct 19, 2026. https://newsroom.bankofamerica.com/content/newsroom/company-overview/bank-of-america-fast-facts.html
21. WaFd Bank to Streamline Payments for Small Businesses with CashFlow Central from Fiserv — Fiserv, May 8, 2024. https://investors.fiserv.com/news-events/press-releases/detail/62/wafd-bank-to-streamline-payments-for-small-businesses-with-cashflow-central-from-fiserv
22. WaFd Bank Investor Presentation, June 2026 — WaFd, Inc., Jul 27, 2026. https://wafdbank.com/documents/financial-news/2026/wafd-bank-investor-presentation-20260727.pdf
23. WAFD Q1 Deep Dive: Loan Growth and Deposit Initiatives Drive Outperformance — StockStory (Yahoo Finance), Apr 17, 2026. https://finance.yahoo.com/markets/stocks/articles/wafd-q1-deep-dive-loan-200826038.html
24. WaFd (WAFD) Q2 2026 Earnings Call Transcript — The Motley Fool (Yahoo Finance), Apr 17, 2026. https://finance.yahoo.com/markets/stocks/articles/wafd-wafd-q2-2026-earnings-161443166.html
25. Archway Software and WaFd Bank Modernize the Banking Experience Using AWS — Amazon Web Services, Aug 14, 2024. https://aws.amazon.com/solutions/case-studies/archway-software-wafd-bank-case-study/
26. nSight 2026 Recap: AI in Banking Moves from Strategy to Delivery — nCino, May 29, 2026. https://ncino.com/en-SEA/blog/nsight-2026-recap
27. Earnings call transcript: WaFd Q4 2026 profit misses, revenue beats — Investing.com (earnings call transcript), Oct 16, 2026. https://investing.com/news/transcripts/earnings-call-transcript-wafd-q4-2026-profit-misses-revenue-beats-93CH-4954491
28. Columbia Banking System at Barclays conference: discipline drives gains — Investing.com, Sep 15, 2026. https://www.investing.com/news/transcripts/columbia-banking-system-at-barclays-conference-discipline-drives-gains-93CH-4902099
29. Banner Virtual Assistant — Banner Bank, Sep 24, 2026. https://www.bannerbank.com/contact-us/banner-virtual-assistant
30. U.S. Bank launches Design Assistant, an AI solution to empower designers at scale — U.S. Bank, Mar 30, 2026. https://www.usbank.com/about-us-bank/news-and-stories/article-library/us-bank-launches-design-assistant-an-ai-solution-to-empower-designers-at-scale.html
31. U.S. Bank gives embedded banking clients a gen AI assistant — American Banker, Jan 15, 2026. https://www.americanbanker.com/news/u-s-bank-gives-embedded-banking-clients-a-gen-ai-assistant
32. AI-powered Statement Analyzer simplifies payment services for small businesses — U.S. Bank, May 26, 2026. https://www.usbank.com/about-us-bank/news-and-stories/article-library/ai-powered-statement-analyzer-simplifies-payment-services-for-small-businesses.html
33. U.S. Bank launches AI-driven cash forecasting tool — U.S. Bank, Nov 18, 2025. https://www.usbank.com/about-us-bank/news-and-stories/article-library/us-bank-launches-ai-driven-cash-forecasting-tool.html
34. How U.S. Bank Is Industrializing AI — Forbes (Yahoo Finance), Oct 7, 2026. https://finance.yahoo.com/news/u-bank-industrializing-ai-132012524.html
35. KeyBank Taps $100 Million Increase in Technology Spend (AI calls at $0.25 vs $9) — PYMNTS, Jan 23, 2026. https://www.pymnts.com/news/artificial-intelligence/2026/keybank-taps-conversational-ai-cut-call-center-costs/
36. KeyBank bets on relationships over tech budgets — Banking Dive, Jun 23, 2026. https://www.bankingdive.com/news/keybank-digital-banking-regionals-ai-insights-personetics/823541/
37. How KeyBank is creating 'cognitive banking' with AI — American Banker, Aug 1, 2025. https://americanbanker.com/news/how-keybank-is-creating-cognitive-banking-with-ai
38. The Most Powerful Women in Banking NEXT, #3, Emily Gessner, KeyBank — American Banker, Oct 1, 2026. https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-next-3-emily-gessner-keybank
39. Western Alliance at Barclays Conference: shift to profits, buybacks (transcript) — Investing.com, Sep 16, 2026. https://www.investing.com/news/transcripts/western-alliance-at-barclays-conference-shift-to-profits-buybacks-93CH-4904090
40. The Most Powerful Women to Watch, No. 3, Jennifer Smith, Zions Bancorporation — American Banker, Sep 24, 2025. https://americanbanker.com/news/2025-the-most-powerful-women-to-watch-no-3-jennifer-smith-zions-bancorporation
41. Zions' revamped tech leadership team eyes AI, stablecoins — American Banker, Mar 10, 2026. https://americanbanker.com/news/zions-revamped-tech-leadership-team-eyes-ai-stablecoins
42. Zions Bancorporation, N.A. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 — Zions Bancorporation (SEC filings), Aug 6, 2026. https://www.sec.gov/Archives/edgar/data/109380/000010938026000111/zions-20260630.htm
43. Zions Bancorporation, N.A. Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 — Zions Bancorporation (SEC filings), May 7, 2026. https://www.sec.gov/Archives/edgar/data/109380/000010938026000083/zions-20260331.htm
44. Cari Raises Over $30 Million in First Tranche of Initial Funding Round, Backed Entirely by Banks — Cari via Business Wire (Morningstar), Sep 2, 2026. https://morningstar.com/news/business-wire/20260902910423/cari-raises-over-30-million-in-first-tranche-of-initial-funding-round-backed-entirely-by-banks
45. Fiserv Launches agentOS: The Operating System for Agentic AI in Banking — Fiserv (GlobeNewswire), May 14, 2026. https://www.globenewswire.com/news-release/2026/05/14/3294727/0/en/fiserv-launches-agentos-the-operating-system-for-agentic-ai-in-banking.html
46. First Interstate BancSystem Form 8-K (Item 5.02: appointment of Chief Operations Officer) — First Interstate BancSystem (SEC filings), Aug 21, 2026. https://www.sec.gov/Archives/edgar/data/860413/000086041326000088/fibk-20260821.htm
47. First Interstate BancSystem Form 8-K (Item 5.02: Chief Operations Officer employment agreement) — First Interstate BancSystem (SEC filings), Sep 16, 2026. https://www.sec.gov/Archives/edgar/data/860413/000086041326000092/fibk-20260914.htm
48. U.S. Treasury Announces Record Enforcement Actions Against Bank of America — U.S. Department of the Treasury, Oct 13, 2026. https://home.treasury.gov/news/press-releases/sb0657
49. OCC Imposes $750 Million Assessment Against Bank of America for Deficient BSA/AML Compliance — Office of the Comptroller of the Currency, Oct 13, 2026. https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-89.html
50. BofA fined $1.21 billion over AML — Banking Dive, Oct 13, 2026. https://bankingdive.com/news/bofa-fined-1-21-billion-over-aml-bsa-occ-treasury/832915
51. JPMorgan CEO Dimon warns customers of 'liability transfer' with AI — Banking Dive, Oct 13, 2026. https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870
52. JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts — CNBC, Oct 13, 2026. https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html
53. JPMorgan warns of risks to consumers who rely on AI agents — American Banker, Oct 13, 2026. https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents
54. Wells Fargo Reaches Major Digital Milestones — Wells Fargo (Business Wire), Mar 26, 2026. https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones
55. Wells Fargo Enhances Banking Capabilities Using AI and Digital Assets — PYMNTS, Oct 13, 2026. https://pymnts.com/earnings/2026/wells-fargo-enhances-banking-capabilities-using-ai-and-digital-assets
56. Wells Fargo Reports Third Quarter 2026 Net Income of $6.0 billion, or $1.87 per Diluted Share — Wells Fargo, Oct 13, 2026. https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/third-quarter-2026-earnings.pdf
57. What is Jade Financial Partner? (help centre, retrieved 2026-09-23) — Chime, Sep 23, 2026. https://help.chime.com/manage-money-56350c4d/jade-financial-partner-09a6e8e3/what-is-jade-financial-partner-d9c77341
58. Chime Announces Agreement to Acquire Stride Bank — Chime, Sep 8, 2026. https://investors.chime.com/news-releases/news-release-details/chime-announces-agreement-acquire-stride-bank
59. Q2 2026 Shareholder Letter (Exhibit 99.1 to Form 8-K) — Block, Inc. via SEC EDGAR, Aug 5, 2026. https://www.sec.gov/Archives/edgar/data/1512673/000119312526335117/d91486dex991.htm
60. Columbia Bank (COLB) Q2 2025 earnings call transcript — earnings call transcript (The Motley Fool), Jul 24, 2025. https://fool.com/earnings/call-transcripts/2025/08/05/columbia-bank-colb-earnings-call-transcript
61. Square Brings Managerbot to More Sellers, Giving Main Street an Intelligent Business Agent — Square, Apr 28, 2026. https://squareup.com/us/en/press/managerbot-open-beta
62. Create powerful self-service experiences with Amazon Lex on Talkdesk CX Cloud contact center — Amazon Web Services, Feb 6, 2023. https://aws.amazon.com/blogs/machine-learning/create-powerful-self-service-experiences-with-amazon-lex-on-talkdesk-cx-cloud-contact-center/
63. Earnings call transcript: WaFd posts Q3 2026 revenue beat, EPS misses slightly — Investing.com (earnings call transcript), Jul 17, 2026. https://investing.com/news/transcripts/earnings-call-transcript-wafd-posts-q3-2026-revenue-beat-eps-misses-slightly-93CH-4798729
64. WaFd (WAFD) Q2 2026 Earnings Call Transcript — The Motley Fool (earnings call transcript), Apr 17, 2026. https://fool.com/earnings/call-transcripts/2026/04/17/wafd-wafd-q2-2026-earnings-call-transcript
65. What WaFd Bank Is Building with its New Wealth Business — WealthManagement.com, Oct 20, 2025. https://wealthmanagement.com/ria-news/what-wafd-bank-is-building-with-its-new-wealth-business
66. WaFd, Inc. Form 8-K, Exhibit 99.2: investor presentation on the EverBank merger — WaFd, Inc. (SEC filings), Sep 8, 2026. https://www.sec.gov/Archives/edgar/data/936528/000114036126035826/ef20081702_ex99-2.htm
67. FDIC Summary of Deposits, Texas branches, deposits aggregated by institution (June 30, 2025) — FDIC, Jun 30, 2025. https://api.fdic.gov/banks/sod?filters=STALPBR%3A%22TX%22%20AND%20YEAR%3A2025&agg_by=CERT&agg_sum_fields=DEPSUMBR&agg_term_fields=NAMEFULL&agg_limit=1000&format=json

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