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Offers banking and financial services, mortgage loans: features online account access.
www.wamu.comWAMU 88.5 - American University Radio. Your NPR News Station in the Nation's Capital.
wamu.org
Washington Mutual, Inc.'s banking subsidiaries were closed by the OTS, placed into the receivership of the FDIC and their assets were sold to JPMorgan Chase
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...www.wamoolaforschools.comThe Conversation is an online meeting place for
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WAMU 88.5 is the leading public radio station for NPR
...conversation.wamu.orgWaMu account holders are guaranteed by the Federal Deposit Insurance
... Washington Mutual, with $307 billion in assets, is by far the biggest bank failure
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Sep 25, 2008
... In the biggest bank failure in history, JPMorgan Chase will acquire massive branch network and troubled assets from
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Wikipedia
Washington Mutual
From Wikipedia, the free encyclopedia
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It has been suggested that this article be split into articles entitled Washington Mutual Savings Bank and Washington Mutual, accessible from a disambiguation page. (Discuss)
"wamu" redirects here. For other uses, see wamu (disambiguation).
Washington Mutual, Inc.
Fate
Insolvency. Washington Mutual, Inc.'s banking subsidiaries were closed by the OTS, placed into the receivership of the FDIC and partially sold to JPMorgan Chase which now owns and operates the banks. The holding company Washington Mutual, Inc. (the former bank owner) subsequently filed for Chapter 11 bankruptcy.
Founded
September 25, 1889[1]
Location
Seattle, Washington, United States
Industry
Finance and Insurance
Products
Consumer Banking
Financial Services
Key people
Alan H. Fishman, Chief Executive Officer
Peak size
49,403 employees
Parent
Washington Mutual Inc.
Subsidiaries
WaMu Investments, Inc; Washington Mutual Insurance Services; Washington Mutual Card Services
Washington Mutual, Inc. (abbreviated to WaMu) (Pink Sheets: WAMUQ) is a bank holding company and the former owner of Washington Mutual Savings Bank, which was the United States' largest savings and loan association.[2][3][4][5]
On September 25, 2008, (the 119th anniversary of its founding), due to a massive 10-day bank run, the United States Office of Thrift Supervision (OTS) seized Washington Mutual Savings Bank from Washington Mutual, Inc. and placed it into the receivership of the Federal Deposit Insurance Corporation (FDIC). The FDIC sold the banking business to JPMorgan Chase, which re-opened the bank the next day. The FDIC stripped the holding company of its banking assets, leaving it with newly worthless subsidiary bank debt obligations and equity.[6][2] Washington Mutual, Inc. filed for Chapter 11 voluntary bankruptcy in Delaware, where it is incorporated, the next day, September 26, 2008.[3][7]
Washington Mutual Savings Bank's closure and receivership is the largest bank failure in American financial history.[2][3] Before the collapse, it was the sixth-largest bank in the United States.[8] According to holding company Washington Mutual Inc.'s 2007 SEC filing, it held assets valued at $327.9 billion.[9]
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