Washington Federal Savings Bank, Herndon, Va., resolved four years of regulatory pain when it raised $15.3 million in a June stock offering to its existing shareholders.

The Office of Thrift Supervision terminated Washington Federal's capital directive on June 27, which mandated that the District of Columbia-area thrift raise the capital by July 1 or succumb to prompt corrective action measures.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.