Washington Federal Bank, which is located at 6720 N. Scottsdale Rd., announces Scott Stemm as its Division Manager of the Arizona Commercial Real Estate Department.
Stemm will be responsible for builder financing and commercial real estate, including land acquisition and development, specs, presales and income property and permanent financing on income properties such as multi-family, manufactured home parks, mini-storage facilities, mixed-use, office, retail and other income properties.
Prior to joining Washington Federal Bank, Stemm worked with Western National Bank. He brings 35 years of experience in the banking industry and has been with Washington Federal Bank for 13 years, primarily in commercial real estate. Stemm has become an industry expert in the areas of commercial real estate and multifamily lending.
“We are so thrilled to promote Scott into this role,” says Mike Brown, Arizona Regional President. “His expertise in commercial real estate and vast industry knowledge make him an invaluable asset to our team. He has proven himself as a quality banker over the last 13 years and is highly regarded by his clients. We are grateful to continue to grow his career at Washington Federal Bank.”
Stemm holds a Bachelor’s degree in Business Administration from Illinois College, and earned his MBA from the University of Illinois. In his spare time, Stemm enjoys golfing, reading and hanging out with his five grand kids.
About Washington Federal
Washington Federal Bank is a full-service national banking institution that focuses on business-to-business banking, commercial and equipment lending, and home loan and corporate real estate financing. It has 31 offices in Arizona including locations in Chandler, Fountain Hills, Gilbert, Glendale, Goodyear, Green Valley, Mesa, Yuma, Phoenix, Prescott Valley, Scottsdale, Sun City, Sun City West and Tucson. Washington Bank is committed to developing a strong and loyal relationship with clients, shareholders and the community at large. For more information please visit washingtonfederal.com.