Federation Bank
Washington Bancorp (WBIO) is an Iowa corporation which was organized in October 1995 by Washington Federal Savings Bank for the purpose of becoming a savings and loan holding company. Washington Federal was a federally chartered savings bank, headquartered in Washington, Iowa. Originally chartered as a savings and loan institution in 1934, Washington Federal converted to a federal savings bank in 1994.
In March, 1996, Washington Federal converted to the stock form of organization through the sale and issuance of its common stock to the company. On June 24, 1997, WBIO entered into a merger agreement to acquire the Rubio Savings Bank of Brighton, Iowa. Rubio Savings Bank was then held as a separate subsidiary of Washington Bancorp. In January 1998, Washington Bancorp became a bank holding com
