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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. It was the parent company of WaMu Bank, which was the largest savings and loan association in the United States until its collapse in 2008.
Oct 12, 2021 · Washington Mutual was a conservative savings and loan bank . In 2008, it became the largest failed bank in U.S. history. By the end of 2007, WaMu had more than 43,000 employees, 2,200 branch offices in 15 states, and $188.3 billion in deposits. Its biggest customers were individuals and small businesses.
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Aug 17, 2023 · Headquartered in Henderson, Nevada, Washington Mutual (WaMu) was America’s largest savings and loan association before it failed on September 25, 2008. It had assets of $309 billion, nearly...
Jun 20, 2012 · Washington Mutual, the country’s largest savings and loan bank, fell into the latter camp. Despite its size – the bank had $307 billion in assets – it wasn’t quite big enough to be...
- I. Introduction
- II. Press Release
- III. Unclaimed Deposits
- V. Banking Services
- VI. Loan Customers
- VII. Possible Claims Against The Failed Institution
On September 25, 2008, the banking operations of Washington Mutual, Inc - Washington Mutual Bank, Henderson, NV and Washington Mutual Bank, FSB, Park City, UT (Washington Mutual Bank) were sold in a transaction facilitated by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC). The FDIC has assembled useful i...
The FDIC has issued a press release (PR-85-2008) about this transaction. If you represent a media outlet and would like information about the transaction, please contact Andrew Gray(angray@fdic.gov) at 202-898-7192 or 202-494-1049. Back to top
Please note that any deposits that have not been claimed within 18 months of the failure of Washington Mutual Bank FSB was sent to the FDIC by JP Morgan Chase Bank as acquirer of Washington Mutual Bank, FSB on April 15th, 2010. The unclaimed funds will be sent to the appropriate states according to Federal Law (12 U.S.C., 1822(e)). For more informa...
The Automated Teller Machines (ATM) and on line services will remain available. You may continue to use the services to which you previously had access, such as, safe deposit boxes, night deposit boxes, wire services, etc, as normally available at each branch. Your checks will be processed as usual. All outstanding checks will be paid against your ...
If you had a loan with Washington Mutual Bank, you should continue to make your payments as usual. The terms of your loan will not change because they are contractually agreed to in your promissory note. Checks should be made payable as usual and sent to the same address until further notice. For all questions regarding new loans and the lending po...
On September 25, 2008, Washington Mutual Bank was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation was named receiver. Subsequent to the closure, JPMorgan Chase acquired the assets and most of the liabilities, including covered bonds and other secured debt, of Washington Mutual Bank from the FDIC as Receiver ...
Oct 21, 2008 · Share. Washington Mutual sprang into existence in Seattle in 1889 as a two-person operation and eventually became the largest savings-and-loan in the nation. It began as Washington National Building Loan and Investment Association right after Seattle's devastating fire in 1889, dedicated to helping Seattle rebuild.
Apr 30, 2024 · Washington Mutual (WaMu) was once a conservative savings and loan bank that became the largest failed bank in US history in 2008. By the end of 2007, WaMu had over 43,000 employees, 2,200 branch offices in 15 states, and $188.3 billion in deposits.
