• Washington Mutual is a publicly traded savings and loan association providing banking, lending, insurance, investment, and real estate services to businesses and consumers. It is the largest such institution in the United States. Since the start of the mortgage crisis, WaMu has seen its stock value decrease substantially, and it is now looking for a buyer for all or part of its assets. It is attractive to buyers due to its extensive retail presence in the U.S. West Coast, but that is countered by future expected losses of close to $20 billion due to bad mortgage lending commitments.Sydney Morning Herald: Suitors run eye over ailing bank (September 20, 2008)

• Fast Facts

  1. Stock symbol: WM
  2. Annual revenue (2007): $15.962 billion
  3. Year Established: 1889
  4. Industry: Finance and Insurance
  5. Phone: (206) 461-2000
  6. HQ: Seattle, Washington
  7. President: Stephen J. Rotella
  8. CEO: Alan Fishman
  9. CFO: Thomas W. Casey
  10. Staff: 60,798

• Products

  1. Retail Banking
  2. Mortgage Lending
  3. Consumer Lending
  4. Business Banking
  5. Business Lending
  6. Insurance Services
  7. Credit Card Services
  8. Commercial Real Estate
  9. Consumer Investment Services

• Key Dates

  • 1889: Washington National Building Loan and Investment Association founded
  • 1930: Acquired Continental Mutual Savings Bank
  • 1983: Washington Mutual goes public
  • 2006: Adopts abbreviation WaMu
  • 2008: Looks for a buyer

• Related Mahalo Pages

  Wells Fargo | Wachovia | Bank of America | Citigroup | Morgan Stanley | Credit Crisis | AIG Bankruptcy | Online Banking

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