Luther Burbank Savings

Luther Burbank Savings was an FDIC insured privately-owned thrift institution focusing on traditional savings and loan services. It was merged into WaFd Bank on March 1, 2024 and the Luther Burbank name is no longer in use. It offered a diverse range of banking services including checking and money market accounts, certificates of deposit, online banking as well as apartment, commercial and residential lending. Luther Burbank Savings was a community focused, portfolio lender, which meant that loan decisions were based on internal guidelines, not secondary market or Wall Street expectations. With about 300 employees, the company had branches in Beverly Hills, Encino, Los Altos, Pasadena, San Rafael, and Burbank, California. The Bank was established in 1982 and was headquartered in Santa Rosa, California. As of June 30, 2017, it had $5.7 billion in total assets, $3.7 billion in deposits and $5 billion in loans. Luther Burbank Savings was an equal housing lender.

Former head office address:
500 Third Street
Santa Rosa, CA 95401, USA
Phone: 888-205-6005
Hours: Monday - Friday: 9 am - 5 pm
FDIC Certificate: 32178 (inactive since March 1, 2024)
Website: www.lutherburbanksavings.com, which now redirects to www.wafdbank.com

Former branches

Beverly Hills
175 South Beverly Dr., Beverly Hills, CA 90212

Encino
16600 Ventura Blvd., Encino, CA 91436

Long Beach
5348 East 2nd Street, Long Beach, CA 90803

Los Altos
4546 El Camino Real, Los Altos, CA 94022

Pasadena
170 South Lake Ave., Pasadena, CA 91101

San Jose
956 The Alameda, San Jose, CA 95126

San Rafael
1050 Fourth Street, San Rafael, CA 94901

Toluca Lake
4100 West Alameda Ave., Burbank, CA 91505

WaFd, Inc. completed its merger with Luther Burbank Corporation effective 12:00 am on March 1, 2024, and Luther Burbank Savings was merged into Washington Federal Bank, which traded as WaFd Bank and took that as its legal name on September 25, 2025. The FDIC records certificate 32178 as inactive from March 1, 2024 and 15 branches as transferred to WaFd Bank of Seattle, Washington (FDIC certificate 28088). In its final call report, at December 31, 2023, Luther Burbank Savings reported $8.23 billion in total assets and $5.87 billion in deposits, and Luther Burbank Corporation deregistered its securities with the Securities and Exchange Commission on March 1, 2024. The California offices listed above now trade as WaFd Bank, which reported $27.58 billion in total assets and 213 offices at June 30, 2026; www.lutherburbanksavings.com redirects to www.wafdbank.com.