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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.
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...
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Information for Washington Mutual Bank, Henderson, NV and Washington Mutual Bank, FSB, Park City, UT. Introduction; Press Release; Unclaimed Deposits; Question and Answer Guide; Banking Services; Loan Customers; Possible Claims; Status of Washington Mutual Bank Receivership; Purchase and Assumption Agreement (2.65 MB PDF File - PDF Help ...
Oct 12, 2021 · Washington Mutual (WaMu) was a Savings and Loan that became the largest bank failure in U.S. history in 2008. Here are the reasons why.
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WAMU, which was the largest failure of an insured depository institution in the history of the FDIC, had $307 billion assets, $188 billion deposits, and over 2,300 branches in fifteen states when it failed. The resolution of WAMU through the P&A Agreement was completed at no cost to the Deposit Insurance Fund.
On the afternoon of September 25, 2008, Washington Mutual, the nation’s largest savings and loan bank, is seized by the federal Office of Thrift Management. It is the largest bank failure in United States history.
Sep 26, 2008 · In the biggest bank failure in U.S. history, Washington Mutual Bank was seized late Thursday by federal regulators and immediately sold to JPMorgan Chase & Co. for $1.9 billion.
Oct 21, 2008 · The bank that eventually became known as Washington Mutual -- or simply WaMu -- had its beginnings in a glue pot. That glue pot boiled over in June 1889 in a downtown Seattle woodworking shop and started the Great Seattle Fire, which left 29 square blocks of downtown Seattle in ruins.
Sep 26, 2008 · The battered savings and loan company Washington Mutual has become the latest casualty of the subprime mortgage disaster. Regulators say the bank fell over the edge because in the past week...
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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 for Washington Mutual Bank.
