These banks all reported apartment loans on their most recent federal call report, and all have at least one branch in Washington. Banks are the most common source of multifamily financing — five units and up, stabilised or value-add — and most lend close to their branches, so a lender with offices near your building is usually a better first call than a bigger name without them. Expect a bank to want recourse and, usually, a banking relationship; the capital guide compares the alternatives.
Banks Based in Washington, Largest Multifamily Books First
24 of 24 qualifying banks are headquartered in Washington. These are the lenders whose whole business is this market.
| # | Institution | Multifamily book | Share of investor CRE | Branches in WA | Contact |
|---|---|---|---|---|---|
| 1 | WaFd Bank | $4.65bn | 51.3% | 75 | Contact available |
| 2 | Banner Bank | $1.03bn | 20.5% | 86 | Contact available |
| 3 | Heritage Bank | $529m | 20.0% | 61 | Contact available |
| 4 | Washington Trust Bank | $453m | 18.4% | 31 | Contact available |
| 5 | Coastal Community Bank | $362m | 31.9% | 14 | Contact available |
| 6 | 1st Security Bank of Washington | $262m | 29.8% | 26 | Contact available |
| 7 | First Fed Bank | $257m | 44.0% | 14 | Contact available |
| 8 | Peoples Bank (WA) | $227m | 30.2% | 23 | Contact available |
| 9 | Timberland Bank | $215m | 26.9% | 24 | Contact available |
| 10 | Sound Community Bank | $165m | 45.4% | 9 | Contact available |
| 11 | Cashmere Valley Bank | $130m | 33.3% | 12 | Contact available |
| 12 | Riverview Bank | $103m | 17.4% | 13 | Contact available |
| 13 | Pacific Crest Savings Bank | $90m | 52.1% | 1 | Contact available |
| 14 | Seattle Bank | $74m | 41.7% | 2 | Contact available |
| 15 | Yakima Federal Savings and Loan Association | $68m | 70.4% | 10 | Contact available |
| 16 | Olympia Federal Savings | $61m | 42.8% | 9 | Contact available |
| 17 | Mountain Pacific Bank | $43m | 12.8% | 6 | Contact available |
| 18 | RiverBank | $41m | 41.4% | 3 | Contact available |
| 19 | Commencement Bank | $40m | 19.8% | 6 | Contact available |
| 20 | Baker Boyer Bank | $12m | 15.2% | 7 | Contact available |
| 21 | UniBank | $12m | 10.0% | 4 | Contact available |
| 22 | Liberty Bank | $9m | 23.9% | 1 | Contact available |
| 23 | Portage Bank | $8m | 25.8% | 1 | Contact available |
| 24 | Increase Bank | $2m | 10.4% | 1 | Contact available |
National Lenders With Branches in Washington
25 of 33 qualifying banks are headquartered elsewhere but have offices here. The multifamily figure is their national book, so read it alongside the branch count — a large book behind a handful of local offices is a different proposition from a bank with a branch network in the state.
| # | Institution | Multifamily book | Share of investor CRE | Branches in WA | Contact |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | $107.32bn | 64.9% | 149 | Contact available |
| 2 | Wells Fargo | $26.55bn | 25.6% | 112 | Contact available |
| 3 | US Bank | $14.46bn | 34.7% | 136 | Contact available |
| 4 | Columbia Bank | $10.27bn | 52.8% | 111 | Contact available |
| 5 | Bank of America | $8.46bn | 15.3% | 119 | Contact available |
| 6 | KeyBank | $5.44bn | 38.5% | 139 | Contact available |
| 7 | Mechanics Bank | $5.07bn | 72.1% | 28 | Contact available |
| 8 | East West Bank | $4.61bn | 25.1% | 4 | Contact available |
| 9 | Amegy Bank | $3.56bn | 23.7% | 2 | Contact available |
| 10 | BMO Bank | $3.16bn | 15.3% | 8 | Contact available |
| 11 | First Citizens Bank | $2.97bn | 13.5% | 7 | Contact available |
| 12 | Sunflower Bank | $2.61bn | 63.3% | 1 | Contact available |
| 13 | Cathay Bank | $2.59bn | 32.6% | 4 | Contact available |
| 14 | First Interstate Bank | $1.85bn | 31.3% | 17 | Contact available |
| 15 | The Northern Trust Company | $1.49bn | 27.6% | 1 | Contact available |
| 16 | Bank of Hope | $1.14bn | 19.8% | 5 | Contact available |
| 17 | Glacier Bank | $1.08bn | 12.0% | 29 | Contact available |
| 18 | Beneficial State Bank | $516m | 78.0% | 1 | Contact available |
| 19 | United Business Bank | $346m | 27.4% | 1 | Contact available |
| 20 | HSBC Bank USA, National Association | $161m | 11.2% | 2 | Contact available |
| 21 | Open Bank | $119m | 15.5% | 1 | Contact available |
| 22 | BNY Mellon, National Association | $109m | 14.0% | 1 | Contact available |
| 23 | Gateway First Bank | $66m | 10.6% | 1 | Contact available |
| 24 | Cornerstone Capital Bank, SSB | $65m | 12.1% | 2 | Contact available |
| 25 | GBC International Bank | $57m | 20.0% | 1 | Contact available |
What this list is, and what it leaves out
A reported balance is not a credit box. Every bank here held apartment loans on 30 June 2026. That is evidence they lend on multifamily — better evidence than a marketing page, because it is what they actually hold — but it is not a commitment to lend on your deal, at your size, in your submarket.
More lenders exist than this page lists. 57 banks qualified in Washington. Credit unions, debt funds, agency lenders and life companies also finance apartments and none of them file this report, and plenty of banks lend on multifamily without publishing criteria anywhere. Running your deal through the search covers all of them, not just the banks on this page.
We hold a named lending contact for 57 of them.
Sources. FDIC Call Reports (30 June 2026) and the FDIC Summary of Deposits. A bank appears here if it reported a multifamily balance of $5m or more, or multifamily at 5% or more of its commercial real estate book, and has at least one branch in Washington. The dual test is deliberate: a flat dollar floor is a bank-size filter in disguise — a $25m floor passes 86.5% of banks over $10bn and 2.2% of banks under $300m — and would drop the community lenders most likely to look at a smaller apartment deal. Multifamily is the call report's own category for loans secured by five-or-more-unit residential property; it excludes one-to-four-unit rentals, which banks report separately. Multifamily book is institution-level and unprorated: no state split of the loan book is published, so a bank lending in several states shows its full multifamily book on every state page where it qualifies. That is why this page separates banks based in Washington from national lenders with branches here, rather than ranking them against each other on a national figure. Branch counts are offices in Washington from the Summary of Deposits. Contact availability refers to whether Lender Compass holds a named contact, not to anything the bank publishes.