Washington Mutual

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)

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

• 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

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