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Article: Washington Federal Reaps Big Returns on Investment With Technology That Adapts To Conservative Business Practices; Installation of Benchmark Data's Online Real-Time Processing Customized With Simple Teller Platforms Seamlessly Replaces 20-Year-Old Homegrown System.
- Article from:
- PR Newswire
- Article date:
- April 7, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEATTLE -- SEATTLE, April 7 /PRNewswire/ -- If 2002 was a "bad year" for the economy in the Pacific Northwest, you could not prove it by Washington Federal Savings. The publicly traded $7.4 billion thrift posted record earnings of $143,954,000 -- a 27 percent increase over the previous year -- and paid its 79th consecutive quarterly dividend.
Roy M. Whitehead, Chief Executive Officer of the eight-state, 115-branch organization credited the success to falling interest rates and the company's long-term focus on cost efficiency and interest rate risk management. Ironically, during the fiscal year that ended in September 2002, Washington Federal also rolled out a ...