{"schema_version":"secwatch.filing_event.v1","accession":"0000936528-22-000129","form_type":"8-K","ticker":"WAFD","cik":"0000936528","company_name":"WAFD INC","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.103793+00:00","generated_at":"2026-06-21T21:59:05.663144+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Washington Federal to acquire Luther Burbank in ~$654M all-stock deal; combined bank to have $29B assets","bullets":["All-stock deal valued at ~$654M; each LBC share converts to 0.3353 WAFD shares.","Combined institution: ~$29B assets, $23B loans, $22B deposits, 210+ branches across 9 states.","Transaction unanimously approved by both boards; expected to close Q2 2023 subject to approvals.","WAFD to assume LBC debt: ~$95M senior notes + ~$61.9M subordinated debentures; termination fee $26.17M.","Key shareholders (~23.16% of LBC) agree to vote in favor; two LBC directors to join WAFD board post-close."],"urls":{"canonical":"https://secwatch.observer/filing/0000936528-22-000129","json":"https://secwatch.observer/filing/0000936528-22-000129.json","markdown":"https://secwatch.observer/filing/0000936528-22-000129.md","text":"https://secwatch.observer/filing/0000936528-22-000129.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/936528/000093652822000129/0000936528-22-000129-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/936528/000093652822000129/wfsl-20221113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T21:59:05.663144+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8caf78b0cefb32ee5d2bfb21adf08b638c0cbfbd","claim":"WAFD INC entered into Agreement and Plan of Reorganization with Luther Burbank Corporation (effective 2022-11-13).","evidence_excerpt":"On November 13, 2022, Washington Federal, Inc., a Washington corporation (“ WAFD ”), and Luther Burbank Corporation, a California corporation (“ Luther Burbank ”), entered into an Agreement and Plan of Reorganization (the “ Merger Agreement ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/936528/000093652822000129/0000936528-22-000129-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Luther Burbank Corporation"},{"label":"Effective","value":"2022-11-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}