Timberland Bancorp, Inc., located in Washington, DC, was organized on September 8, 1997 to become the holding company of Timberland Savings Bank when the bank transformed from a Washington-registered cooperative savings bank to a joint-stock savings bank. The company's business activities are generally limited to passive investment activities and supervision of investments in banks. The bank was established in 1915 as the United Savings and Loan Corporation of Southwest Washington. The company is community oriented and has been offering a variety of savings products and business loans.