Washington Mutual

Washington Mutual (abbreviated to WaMu) () was the United States' largest savings and loan association.$5 Billion Said to Be Near for WaMu - New York Times Despite its name, it ceased being a mutual company in 1983 when it began to be publicly traded on the New York Stock Exchange.

On September 25, 2008, the 119th anniversary of WaMu's founding, the United States Office of Thrift Supervision (OTS) announced that it was seizing the bank and would sell most of its functional assets to JPMorgan Chase." J.P. Morgan to Take Over Faltering WaMu" WaMu's collapse is the largest U.S. bank failure in history.Levy, Ari; Hester, Elizabeth. "JPMorgan Buys WaMu Deposits; Regulators Seize Thrift". Bloomberg L.P.. September 26, 2008. Retrieved September 26, 2008.  At the time of the collapse, it was the sixth-largest bank in the United States. According to Washington Mutual's 2007 SEC filing, it held assets valued at $327.9/Billion Dollars.

References

Category:1889 establishments in Washington (state)
Category:2008 disestablishments in the United States
Category:Banks of the United States
Category:Companies based in Seattle
Category:2000s disestablishments in Washington (state)