Several of the region's own finance names have been sold, merged or rebranded since 2025. Seattle's HomeStreet completed a merger with Mechanics Bank in 2025, and the combined bank is headquartered in Walnut Creek, California. Liberty Mutual, which bought Seattle's Safeco in 2008, retired the Safeco brand in April 2026. In July 2026, an investor group led by B Capital and including CalPERS agreed to buy Russell Investments for a reported $2.8 billion; we could not confirm whether that deal has closed.
WaFd changed course too. In January 2025 the bank said it would exit single-family mortgage lending and focus on commercial and small business banking.
For employers, these changes cut both ways. Mergers and exits put experienced mortgage, operations and integration staff on the market. They also move decisions to out-of-state headquarters, which can make senior local finance roles rarer and harder to fill. That is consistent with the thin financial manager pool in the BLS data above.
Pay references for these searches: controller, loan officer and financial analyst. Washington's posting, fair-chance and non-compete rules are in our Seattle hiring guide.