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Search results
$327.9 billion
- According to WaMu's 2007 SEC filing, the holding company held assets valued at $327.9 billion (~$464 billion in 2023).
en.wikipedia.org/wiki/Washington_Mutual
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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.
- Kimberly Amadeo
Aug 17, 2023 · Who bought Washington Mutual? JPMorgan Chase acquired the deposits, assets, and certain liabilities of Washington Mutual from the FDIC on September 25, 2008, for just $1.9 billion.
After depositors withdrew more than $16 billion in less than two weeks, Washington Mutual Bank has been acquired by JPMorgan, federal regulators confirmed late Thursday.
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.
Jun 20, 2012 · Despite its size – the bank had $307 billion in assets – it wasn’t quite big enough to be considered “Too Big To Fail.” So on Sept. 25, 2008, federal regulators marched into its headquarters in...
Sep 26, 2008 · Regulators simultaneously brokered an emergency sale of virtually all of Washington Mutual, the nation’s largest savings and loan, to JPMorgan Chase for $1.9 billion, averting another...
