Luther Burbank Corporation Common Stock

LBC

Market cap $467M

The merger deal between WaFd (WAFD) and Luther Burbank (LBC) receives all necessary regulatory approvals. The transaction will close on Feb 29.

SEATTLE--(BUSINESS WIRE)---- $LBC #banking--WaFd, Inc. (NASDAQ: WaFd), the parent company of Washington Federal Bank (“WaFd Bank”), and Luther Burbank Corporation (NASDAQ: LBC, “Luther Burbank”), the parent company of Luther Burbank Savings, jointly announced today that they received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for Luther Burbank Savings to be merged with and into Washington Federal Bank, and from t.