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Washington Commercial Banking

If you have commercial needs, our Washington Commercial Banking team can help. We do real estate projects, business purchase, equipment financing, construction, government banking, working capital, and more. On average, our team finances more than $1 billion annually in commercial loans for Washington clients. With unmatched personal service, our team also has the experience and expertise to serve as your trusted partner in a variety of industries from construction to healthcare. We look forward to continuing to help grow businesses right here in the Evergreen State.

Meet our Washington Commercial Team

Eric Seidenberger
Commercial Real Estate, Division Manager

Eric is responsible for WaFd's Commercial Real Estate Division throughout Washington, which includes income property such as office, industrial, multifamily, and retail, as well as homebuilder finance including horizontal land development, vertical construction of “for sale” housing. A 2005 graduate of Angelo State University Texas, Eric is also a Past President of the Risk Management Association's Puget Sound Chapter and the current Chairperson for Washington Mortgage Bankers Association's Income Property Group Committee.

Eric spends his weekends working on endless projects at his ranch on Vashon Island. Further, he and his wife both enjoy discovering new parts of the Pacific Northwest on weekends and travelling internationally for vacations.

Corey Limbaugh
Commercial Banking Division Manager

Corey Limbaugh is the Division Manager leading WaFd's Washington Middle Market Commercial Banking team. The team partners with businesses with annual revenues generally in the $20 - $500 million range to deliver customized treasury and credit solutions.

Prior to joining WaFd in 2021 Limbaugh spent 20 years working for other banks in their Commercial Banking divisions. Corey is a 1993 graduate of Pacific Lutheran University, receiving his MBA at the University of Phoenix and completing Pacific Coast Banking School in 2010. Limbaugh is active on the Board of the West Seattle Food Bank and volunteers regularly for Food Lifeline. He is a 20+ year resident of West Seattle where he lives with his wife, Ann, and two high schoolers.

Tim Marymee
Vice President-Manager
Community Multi-Family Loan Group

Tim has been active in real estate finance for more than 35 years, and since 2003 has focused on commercial banking in the Puget Sound region. He currently manages the Community Multi-Family Lending (CMFL) team at WaFd, which specializes in financing multi-family properties, self-storage facilities, and manufactured home parks.

Tim enjoys working with local rental housing providers supporting their lending and deposit needs. He is a former board member of the Washington Mortgage Bankers Association (WMBA) and is currently a member of the WMBA Income Property Group Committee. Additionally, Tim is active in the Rental Housing Association of Washington.

In his free time Tim enjoys camping trips with his wife in their travel trailer and visiting with family in California.

Pete Sullivan
Director of Treasury Services - Northern Washington

Pete is responsible for overseeing all treasury services, products, procedures, and operations for Northern Washington, including leading the middle market treasury team. The team is responsible for the continuous improvement of treasury onboardings and implementations to ensure an exceptional client experience. The team also provides technical treasury product and services expertise, including Online Banking, Remote Deposit, ACH, Wires, Purchase Cards, Positive Pay, and Account Analysis.

Pete has over 25 years of experience in banking. In 1997, Pete started at Bank of America as a teller, then joined the commercial team in 2003, serving as an analyst and then Relationship Manager. In 2015, Pete joined WaFd Bank to help build our treasury and government banking presence.

Pete is a graduate of Wayne State College. He is an avid reader of history, collects trading cards, and always has a yard project, which his two boys studiously avoid. Married now for nearly 20 years, Pete and his family live on Bainbridge Island.