The Bank Slate


WaFd CEO expected to recover after plane crash

Brent Beardall, president and CEO of Washington Federal in Seattle, is in stable condition after a private plane he was on crashed in Provo, Utah.

The $20.8 billion-asset company said in a press release that Beardall was taken by ambulance to the hospital for surgery with multiple injuries, including broken bones and lacerations. He is expected to make a full recovery.

Beardall has taken a temporary leave of absence while he recovers from his injuries. The plane was headed to the Rose Bowl college football game in Pasadena, Calif.

Dane Margetts, the bank’s Utah commercial division manager, was also on the plane but was released from the hospital with minor injuries.

Nathan Ricks, a Utah entrepreneur and the plane’s pilot, died.

Cathy Cooper, Washington Federal’s chief consumer banker, was appointed to temporarily assume Beardall’s duties. Cooper has been an executive vice president overseeing retail banking and client experience since 2016.

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