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What happened to Washington mutual?

Updated: 9/14/2023
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13y ago

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Washington Mutual was a savings bank holding company and the former owner of Washington Mutual Bank, which was the largest savings and loan association in USA. On September 25, 2008, the Office of Thrift Supervision (OTS) seized Washington Mutual Bank from Washington Mutual and placed it into the receivership of FDIC. This action was taken because withdrawal requests worth $16.4 billion were placed during a 10 day bank run (nearly 9% of their total deposits) This resulted in the bank being closed and sold to JP Morgan Chase which reopened the branches next day as JP Morgan Chase branches.

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Q: What happened to Washington mutual?
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Related questions

Is Washington Mutual the same company as Washington Mutual?

"Washinton Mutual is not the same company as Washington Mutual. Washington Mutual is a banking company and Washinton Mutual is retail selling brand, dire stuff to know."


When was Washington Mutual created?

Washington Mutual was created in 1889.


When did Washington Mutual end?

Washington Mutual ended in 2009.


What is the population of Washington Mutual?

The population of Washington Mutual is 49,403.


Where is Washington mutual's headquarters located?

Washington Mutual's headquarters is located in Seattle, Washington. It's in downtown Seattle as is their previous headquarters, Washington Mutual Tower.


What does Washington mutual do?

Washington Mutual was a savings bank holding company in the United States. Unfortunately, in September 2008 Washington Mutual was placed into receivership.


Is Washington mutual multinational?

Yes, Washington Mutual is multinational. Washington Mutual now is named JP Morgan Chase and it is an American financial and banking institution.


How many Washington Mutual locations are there?

There are no Washington Mutual locations. The bank collapsed in 2008 and was bought out by JP Morgan Chase. Washington Mutual locations are now Chase banks.


Is Washington Mutual affiliated to Bank of America?

No. Washington Mutual is now owned by the JP Morgan Chase group. They acquired Washington Mutual in 2008-2009 during the banking crisis in United States. By end of 2009, all branches of Washington Mutual were rebranded as Chase branches.


Where is the nearest Washington Mutual branch?

The nearest Washington Mutual branch is located on 16000 Pennsylvania Rd, Virginia, United States of America. They were established by the son of George Washington.


What is the Washington mutual and is it related to Washington?

Washington Mutual was a savings bank holding company. It's main headquarters were in Seattle, Washington. WAMU(Washinton Mutual) was the United States largest savings and loans association until it crashed in 2008.


What is Washington Mutual life insurance company's phone number?

Washington Mutual Life Insurance is a known insurance provider in the state of Ohio. The phone number for Washington Mutual is 1-800-631-6015.