Who the Washington State Department of Financial Institutions Regulates

The Washington State Department of Financial Institutions regulates:

State chartered depository institutions
Such as banks, credit unions, savings banks, non-depository trust companies, and foreign bank branch

Non depository institutions and persons
Including mortgage bankers, mortgage servicers, consumer loan companies, loan officers, check cashers and sellers (including payday lenders), money transmitters and currency exchangers, mortgage brokers and escrow agents and officers. The Department also registers entities that offer tax refund anticipation loans

Securities industry
Including securities broker dealers, investment advisers and their agents, securities issuers, franchises, franchise brokers, and business opportunities

Number of Licensees

Last Updated: January 2020

Industry Number of Entities
State chartered depository institutions
Commercial Banks 30
Savings Banks 8
Foreign Bank Branch 1
Non-depository Trust Companies 18
State Chartered Credit Unions 52
Non depository institutions and persons
Check Casher and Seller 98
Consumer Loan Company 711
Escrow Agent 59
Money Transmitter 202
Mortgage Broker 316
Mortgage Loan Originators 15,716
Payday Lender 22
Securities industry
Registered Business Opportunities 2
Registered Franchise Offerings 1,278
Registered Securities Offerings 40
Investment Advisers 712
Investment Adviser Representatives 13,254
Securities Broker-Dealers 1,731
Branch Offices of Broker-Dealers 3,708
Securities Salespersons 180,392