Luther Burbank Corporation

As of February 29, 2024, Luther Burbank Corporation was acquired by WaFd, Inc. Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings, which provides various banking products and services for real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor-owned multifamily residential properties, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; single family residential loans; and a portfolio of 30-year fixed rate first mortgages and a forgivable second mortgage. In addition, the company offers ATM, debit cards, online and mobile banking, and real estate investment services; and issues trust preferred securities. The company was founded in 1983 and is headquartered in Santa Rosa, California.