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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 Washington Mutual Bank, which was the largest savings and loan association in the United States until its collapse in 2008.
By September 12, 1917, it was operating under the name Washington Mutual Savings Bank. [3] In mid 2008 WaMu suffered a massive run where customers pulled out $16.7 billion in deposits in a ten-day span. On the night of September 25th the Office of Thrift Supervision seized WaMu Bank and placed it into the receivership of the FDIC.
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In July 1994, Dime Bancorp announced the pending acquisition of the Hewlett, New York-based Anchor Bancorp with its Anchor Savings Bank, FSB subsidiary for $1.2 billion in stock. [7] [8] The acquisition was completed in January 1995. [9] The merger resulted in a newly combined company with 76 branches in New York, 18 in New Jersey and 5 in Florida.
Washington Mutual's last weeks Alan H. Fishman (born 16 March 1946) [ 1 ] is an American businessman. He was the last CEO of Washington Mutual (WaMu) [ 2 ] prior to federal regulators seizing its assets on September 25, 2008.
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The bank was acquired by Washington Mutual in 1997 for $6.8 billion. Great Western Bank was held by Great Western Financial Corporation ("GWFC"), a corporation organized under the laws of the state of Delaware that was traded on the New York Stock Exchange under the stock symbol "GWF". [5]