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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.
Washington Mutual: Dime Bancorp, Inc. Washington Mutual: JPMorgan Chase: 2002 HSBC Holdings plc: Household International, Inc. HSBC Bank USA: HSBC Bank USA: 2003 BB&T: 1st Virginia Banks, Inc. BB&T: Truist Financial: 2003 M&T Bank: Allfirst Bank: M&T Bank: M&T Bank: 2004 New Haven Savings Bank Savings Bank of Manchester, Tolland Bank ...
In June 2001, Washington Mutual announced the pending acquisition of Dime Bancorp for $5.2 billion in cash and stock. [17] [18] The acquisition was completed in January 2002. [19] At the time of its acquisition, Dime had 123 branch offices in the New York City area in the states of New York and New Jersey. [20]
Washington Mutual, Seattle: JPMorgan Chase, New York City Savings and loan association $ 1.9 × 10 ^ 9 [23] September 26, 2008: Lehman Brothers C: Nomura Holdings: Investment bank $600,000,000 [24] September 28, 2008: Bradford & Bingley D: Government of the United Kingdom (Mortgage Assets) Banco Santander (Savings Liabilities) Diversified ...
On September 25, 2008, JPMorgan Chase bought most banking operations of Washington Mutual from the receivership of the Federal Deposit Insurance Corporation (FDIC). [33]: 115 That night, the Office of Thrift Supervision, in what was by far the largest bank failure in American history, seized Washington Mutual Bank and placed it into ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
Her encounter with JPMorgan Chase began about five years ago after it bought Washington Mutual, the bank that had given Jerde a forbearance and reduced her payments to $875.59, down from $1,763.10.
On September 25, 2008, JPMorgan Chase bought most of the banking operations of Washington Mutual from the receivership of the Federal Deposit Insurance Corporation. That night, the Office of Thrift Supervision, in what was by far the largest bank failure in American history, had seized Washington Mutual Bank and placed it into receivership. The ...